The research activity could be presented as innovative, scalable and sustainable for different reasons. The novelties lie in the digitalization of regular remittance flows, as well as the low transfer fees and the increased recourse to financial options, which allows more savings, greater insurance and direct access for the families to their wallets.
Furthermore, the initiative boosts the financial resilience and economic empowerment of remittance recipients through cost-effective digital channelling and safeguarding of remittances flows. It also carries the potential to reach more customers in more rural areas and broaden partnerships with relevant stakeholders. Moreover, it foresees the inclusion of local actors to set up business models which can survive at project end in the long run. Last but not least, the practice is in line with the changing circumstances posed by the pandemic since remittances can represent an important shock absorber in times of crisis and can complement public-sector disaster financing or accidents.