Inclusive Innovation Strategy and Implementation to Improve Migrant Remittances for Senegal

Webinar
12 October 2022
Zoom

The webinar explored the state of migrant-centric, gender-responsive remittances and financial services in Senegal, coinciding with the publication of the Inclusive Innovation Country Assessment report for Senegal. The presentation was a culmination of an extensive research and consultation process involving stakeholder interviews, secondary research, and collaborations with the private sector for a comprehensive understanding of the commercial viability and inclusivity of remittance-related innovations.The webinar was meant to inform the financial sector about interventions to enable inclusive innovation across the key components of the remittance value chain and how to offer financial products and services that are trusted and valued by migrants and their families, helping further deepen the financial sector in Senegal.

Server Date time: 2024-03-28 16:10:14
Event Start Date/Time: 2022-10-12 00:00:00
Event End Date/Time: 2022-10-12 00:00:00
Event Status: past_event
Calendar Start Date: 2022-10-12
Calendar Start Time: 00:00
Calendar End Date: 2022-10-12
Calendar End Time: 00:00

Building on the Migrant Money experience over the last few years, UNCDF and Haske Conseil have developed a migrant-centric and gender-responsive framework to guide the inclusive innovation strategies of Remittance Service Providers (RSPs). The framework provides a template for assessing the remittance ecosystem and value-chain in a particular country; a ‘how to’ guide to inclusive innovation within the specific context of digital remittances and remittance-linked financial products; and a template for drafting country-specific roadmaps for leveraging innovation in the remittance ecosystem through financial and technical support. The framework has been applied in four countries to create country-specific strategies for Nepal, Bangladesh, Ethiopia, and Senegal.

The Senegal Inclusive Innovation Country Strategy webinar will offer a common platform and present an opportunity for all key stakeholders to come together and deliberate upon, in light of the Inclusive Innovation Framework, the following: 

  • How can the National Financial Inclusion Strategy implementation leverage the inclusive innovation framework to achieve an impact on remittances and financial inclusion? 
  • What arrangements to put in place to simplify and enable the private sector to get a better understanding of regulations pertaining to digital remittances and remittance-linked financial services, especially in the authorization of non-bank players? 
  • How can investments for research and development and inclusive innovation be mobilized and channeled for private sector remittance players? 
  • What is the nature and required level of support required from BCEAO and the government to help the private sector remittance players increase outreach and services to underserved migrants and their families?  
  • What kind of incubators or accelerators would help private sector remittance players to innovate and reach the underserved segments? 

Agenda

  • Welcome notes
  • Opening speeches by the Ministry of Finance and Budget of Senegal and SDC
  • Presentation of UNCDF inclusive innovation framework
  • Presentation of UNCDF Country assessment for Senegal
  • Panel discussion (BCAO, Wizall, Haskè Ventures)
  • Q&A
  • Concluding remarks

Total time: 90 minutes

Speakers

Véronique Bourquin

Deputy Head of Migration and Forced Displacement Section, SDC

Bamba Ka

General Director of the Financial Sector and Competitiveness, Ministry of Finance and Budget of Senegal

Madji Sock

Co-founder & President, Haskè Ventures

Charlie Dingui

Director, Directorate of Banking Activities and Alternative Financing, BCEAO

Sébastien Vetter

General Director, Wizall Money

Event Media

The Country Assesment report