Anti-money laundering and combating the financing of terrorism.

An application programming interface (API) is a way for two or more computer programmes to communicate with each other. It is a type of software interface, offering a service to other pieces of software.

In the remittance value chain a transfer that starts with cash at an agent and is received in the destination country by cash through an agent.

Customer Due Diligence.

There is no physical cash involved in the transaction.

The Financial Action Task Force leads global action to tackle money laundering, terrorist and proliferation financing.

Financing facility for remittances. IFAD’s multi-donor Financing Facility for Remittances (FFR) maximizes the impact of remittances on development and promotes migrants’ investment in their countries of origin.

The Global Findex Database has been the definitive source of data on global access to financial services from payments to savings and borrowing.

Foreign exchange

Gross domestic product

The GSM Association is a global organisation unifying the mobile ecosystem to discover, develop and deliver innovation foundational to positive business environments and societal change.

Identification.

The International fund for agricultural development is an international financial institution and specialized United Nations agency based in Rome, the UN’s food and agriculture hub. Since 1978, we have provided US$23.2 billion in grants and low-interest loans.

The International monetary fund is a major financial agency of the United Nations, and an international financial institution.

international money transfer operator

Know Your Customer.

MicroFinance Institution.

Mobile money provider

Mobile network operator.

Money Transfer Operator.

Non-Bank Financial Institution.

One part of the remittance is conducted digitally, either at the send end via laptop or mobile phone, or at the receive end in the same manner, and the other part of the transaction involves cash.

The Platform for Remittances, Investments and Migrants’ Entrepreneurship in Africa is s addressing development opportunities through innovations, partnerships, and scalable products that promote cheaper, faster, and safer remittance transfers.

Usually a small transfer of funds from one country to another often from migrants sending money to their home country.

Remittance Prices Worldwide is a World Bank site providing data on the cost of sending and receiving small amounts of money from one country to another.

Remittance Service Provider.

The sustainable development goals. The Division for Sustainable Development Goals (DSDG) in the United Nations Department of Economic and Social Affairs (UNDESA) acts as the Secretariat for the SDGs, providing substantive support and capacity-building for the goals and their related thematic issues, including water, energy, climate, oceans, urbanization, transport, science and technology, the Global Sustainable Development Report (GSDR), partnerships and Small Island Developing States.

The United Nations Department of Economic and Social Affairs upholds the development pillar of the United Nations.

United States dollar