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Image by Atul Pandey

Reduce to less than 3 per cent the cost for migrants to send money home and eliminate remittance channels with costs higher than 5 per cent.

Could this be your career mission?

Below are employers you could work for, occupations they employ, and education and training programs to prepare you to achieve this target.
Job Candidate
  1. Migrant Resource Centers: Provide information and support services to migrants, including assistance in finding cost-effective ways to send remittances.

  2. Community Credit Unions: Focus on community development and may offer financial services, including remittance options, with lower fees compared to traditional banks.

  3. Migrant Advocacy Groups: Advocate for migrant rights and address the financial challenges faced by migrants, including high remittance costs.

  4. Digital Payment Platforms: Local community-based digital payment platforms or apps that offer affordable remittance services to migrants within the community.

  5. Microfinance Institutions: Provide financial services to underserved communities, and some may specifically address the needs of migrants in terms of remittances.

  6. Cooperative Societies: Owned and operated by community members, cooperatives may provide cost-effective financial services, including remittance options.

  7. Community Development Organizations: May initiate projects aimed at reducing financial barriers for migrants, including remittance-related initiatives.

  8. Ethnic Chambers of Commerce: May work to facilitate economic connections within migrant communities, including efforts to reduce the costs associated with remittances.

  9. Technology Incubators for Fintech: Organizations that support the development of financial technology startups could foster innovations to reduce transaction costs for remittances.

  10. Local Government Initiatives: Some local governments may implement programs or partnerships with financial institutions to provide affordable remittance services to migrant populations.

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