INTERNATIONAL ASSOCIATION OF

MONEY TRANSFER NETWORKS

Connecting innovators, disruptors and stakeholders to explore the opportunities and challenges in today’s remittance industry

We are the leading non-profit membership organisation representing money transfer operations worldwide.

 

We work closely with governments, regulators, regional associations and private companies to promote the creation of safe, reliable and efficient cross-border payments.  


Remittances provide a much-needed service to migrants and connect families across the world.

 

They also constitute one of the largest inflows of resources to developing countries, along with foreign direct investment (FDI), official development assistance (ODA) and private debt and equity.

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INDUSTRY EXPOSURE

SUPPORTING THE SDGs

In 2015, the United Nations issued an urgent call to action to eradicate global poverty, reduce economic inequality and push the world towards a more sustainable pathway – the 2030 Agenda for Sustainable Development.

Remittances can contribute to reaching the Sustainable Development Goals (SDGs) in a variety of ways:

Households - Recognising the positive socioeconomic impact of remittances on families and communities (SDGs 1-6).

Communities - Supporting policies and specific actions to promote synergies between remittances and financial inclusion, encouraging market competition and regulatory reform, and mitigating any negative impact resulting from climate change (SDGs 7, 8, 10, 12 and 13).

Internationally - Ensuring that the revitalised Global Partnership for Sustainable Development – as outlined in SDG 17 – and the Global Compact on Migration promote collaboration across all sectors involved in remittances.

SUPPORTING THE IDFR

IAMTN and its members  endorse the “International Day of Family Remittances”

 

16th June 2020 is officially designated as the International Day of Family Remittances (IDFR). The day recognises, and raises global awareness of, the fundamental contribution made by migrant workers to the wellbeing of their families and communities back home, and to the sustainable development of their countries of origin.

 


IAMTN's members are fully committed  to providing secure, fast and competitive access to remittances. We celebrate the power of remittances each year and call on governments, regulators, financial institutions and development bodies to do everything in their power to help us to provide the most robust payments infrastructure possible.

International Day of Family Remittances

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