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Adding “Valyou”: Advancing financial inclusion through remittances from Malaysia
IFAD partnered with the Malaysian Mobile Money Provider, Valyou, to open digital remittances channels to Pakistan and Bangladesh. Through this innovative business model, it increased access to remittances and financial options for migrants’ families, and cut the costs of sending money to below the 3% target of SDG 10.c.
Type of Project
Project/Programme
Lead implementing organization/s
International Fund for Agricultural Development (IFAD)
Valyou
Language
English
Geographic Scope
Country
Country
Bangladesh
Malaysia
Pakistan
Workstream Output
Off
Regional Review Process
No
GCM Objectives
Cross Cutting Theme
Sustainable development
SDG Targets
Target 10.c
Keywords
Remittances
Status
Published