Our Partners

Agency Partners

UNCDF gratefully acknowledges the shared mission, financial contributions, and thought partnership of the teams from the agencies who support this work. 

The Swiss Agency for Development and Cooperation (SDC) is the agency for international cooperation of the Federal Department of Foreign Affairs (FDFA). SDC implements Switzerland’s foreign policy on humanitarian aid, development cooperation and cooperation with Eastern Europe. Swiss international cooperation, which is an integral part of the Federal Council’s foreign policy, aims to contribute to a world without poverty and in peace, for sustainable development. The SDC’s activities are designed to reduce poverty and hardship, curb global risks, and promote development that preserves natural resources for future generations. The SDC supports countries in their efforts to overcome poverty- and development-related problems, thereby enabling disadvantaged population groups to have better access to basic education and healthcare. The SDC helps find solutions for environmental problems and creates better prospects for young people and women, both through vocational skills development and income generation. The SDC places special emphasis on the management of global risks and challenges, and thereby supports poorer countries in embracing development opportunities and in adapting to global changes. With its global programmes in the areas of climate change, food security, migration and water, the SDC is tackling these global challenges in tandem with its efforts to reduce poverty. SDC’s Global Programme on Migration and Development (GPMD) contributes to making migration of benefit to all, ensuring safe and regular migration and improving framework conditions to unlock migrants’ potential to contribute to sustainable development and inclusive growth.
Sida is a government agency working on behalf of the Swedish parliament and government, with the mission to reduce poverty in the world. Through its work and in cooperation with others, Sida contributes to implementing Sweden’s Policy for Global Development. In addition to humanitarian support, Sida works globally and regionally and has bilateral cooperation with 36 countries in Africa, Asia, Europe and Latin America. Migration is one of the prioritized thematic areas in Swedish development cooperation. Migration is relevant to poverty reduction in line with sustainable development goals (SDGs) and Sida’s strategy goals. Sustainable Development Goal 10 recognizes the developmental contribution of remittances to reduce inequality within and among countries, and aims to reduce the transfer cost to less than 3 percent. Sida applies a broad definition of migration which includes both forced and voluntary migration. Enhancing the opportunities for migrants and refugees to be economic actors, for example by access to livelihoods, financial inclusion, and decent work, creates positive effects on economic development, both at individual and society level. Durable solutions for refugees and to support refugee-hosting communities in line with Global Compact on Refugees (GCR) are also important and include access to services, livelihoods and financial inclusion. This UNCDF programme is financed under the Swedish strategy for regional development in Sub-Saharan Africa.

Implementing Partners

UNCDF is working with a range of implementing partners, in different geographies and from different segments of the financial and technology sectors, on an ambitious initiative to address the challenges faced by migrants and their families to send and receive remittances. The goal of this initiative is to ensure that migrants and their families are supported, through continued access to affordable and accessible remittance channels. UNCDF will support selected partners in the development or expansion of digital remittance channels, strengthening digital use-cases, and developing products or services that strengthen the financial resilience of migrants and their families.

The implementing partners are working on a range of innovative solutions

Explore our Partnerships

UNCDF is continually expanding our range of partnerships to expand and improve remittances and related services for migrant households. We update this section frequently as new partnerships are launched.

WIZALL MONEY

Wizall Money, a mobile banking operator is a subsidiary of BCP Group (Banque Centrale Populaire) that relies on an electronic wallet to make life easier for its users

 

Location
• Senegal

Country/Region of Intervention
• Senegal, Burkina Faso, Mali
• West Africa

TERRA PAYMENT SERVICES

TerraPay is a licensed digital payments infrastructure and solutions company helping connect diverse payment systems seamlessly to move funds in real-time.

 

Location
• Netherlands

Country/Region of Intervention
• Republic of Congo
• Central Africa

LION INTERNATIONAL BANK SC

Lion International Bank operates under a banking license issued by the National Bank of Ethiopia. The main services the bank provides are deposits, credit management, international banking, agent and mobile banking.

 

Location
• Ethiopia

Country/Region of Intervention
• Ethiopia

SYMPLIFI

Fintech with clearance received from Financial Conduct Authority (FCA) United Kingdom to offer credit product. Proof of concept of the solution validated on the UK – Nigeria corridor.

 

Location
• United Kingdom

Country/Region of Intervention
• Senegal
• West Africa

RAK BANK, (National Bank of Ras Al Khaimah) (P.S.C) is a Public Joint Stock Company in the UAE. Founded in 1976, the Bank offers a wide range of personal and business banking services through its 36 branches and its portfolio of electronic banking solutions, including telephone and digital banking. It also offers Sharia-compliant personal and business banking services via its Islamic Banking unit, RAKislamic

Location
• United Arab Emirates

Country/Region of Intervention
• Nepal
• Bangladesh

BRAC BANK

BRAC Bank is a private commercial bank in Bangladesh, focused on Small and Medium Enterprises. BRAC Bank receives remittances from 150 countries through 64 remittance partners worldwide. Two of BRAC Bank subsidiaries, bKash and BRAC Saajan (BSEL) work as the biggest digital partners. bKash, has the country’s biggest mobile wallet consumer base of 40 million customers of whom 400k receive remittance directly to their wallets. BRAC Saajan is an exchange house which has a Europe-wide network of 386k Bangladeshi migrant customer, of whom 40% send money digitally. They have 1 million+ remittance beneficiaries in Bangladesh, 45% of whom receive remittance digitally.

 

Location
• Bangladesh

Country/Region of Intervention
• Nepal

UAB BANK LIMITED

United Amara Bank is a private commercial bank in Myanmar. It was one of 4 private banks to commence operations in August 2010, the first new financial institutions in the country since the establishment of Innwa Bank in 1997.

 

Location
• Myanmar

Country/Region of Intervention
• Myanmar

SENTBE INC.

Sentbe is a financial technology startup based in South Korea, making cross-border person-to-person money transfer easier, faster, and cheaper through innovative technology. Licensed as a financial institution in South Korea, Sentbe strives to provide financial opportunity and equality through disrupting the inertia of traditional 

 

Location
• Republic of Korea

Country/Region of Intervention
• Nepal
• Bangladesh
• Myanmar

Intergovernmental and Other Partners

Remittances and other financial services for migrants are areas of keen interest for many stakeholders. As an agency within the United Nations, UNCDF seeks to coordinate our work and collaborate with other UN member agencies, other Bretton Woods institutions, and governmental entities in general. We also work closely with private-sector entities.

World Bank KNOMAD

A multi-stakeholder consortium housed at the World Bank, KNOMAD, the Global Knowledge Partnership on Migration and Development, is a brain trust for the global migration community. It is an open, inclusive, multidisciplinary knowledge partnership that draws on experts to create and synthesize knowledge for use by policy makers in sending, receiving and transit countries.KNOMAD aims to generate a menu of policy choices,based on analytical evidence, evaluation of policies, data collection, and quality control through peer-review. It provides technical assistance and undertakes pilot projects.KNOMAD works in close coordination with the Global Forum on Migration and Development (GFMD) and the U.N. agencies working on migration.

UNCDF worked closely with KNOMAD on the Member State-led Call to Action in May 2020, and maintains ongoing coordination and knowledge-sharing between our secretariats and mutual stakeholders.

IAMTN (international Association of Money Transfer Networks)

IAMTN is the leading non-profit membership organization representing money transfer operations worldwide. IAMTN works closely with governments, regulators, regional associations and private companies to promote the creation of safe, reliable and efficient cross-border payments.In April 2020, as the scope of the global pandemic was just coming into focus, UNCDF and IAMTN partnered on a remittance industry-wide survey among providers who collectively serve more than 20 million migrants. More than75 senior industry executives participated, drawn from 30+ countries. The findings—customers had already been profoundly affected by the crisis and more than 65 percent of providers were stepping up theirinvestment in digitization—helped shape UNCDF’s strategy.

United Nations High Commissioner for Refugees

The United Nations High Commissioner for Refugees is a UN agency mandated to aid and protect refugees, forcibly displaced communities, and stateless people, and to assist in their voluntary repatriation, local integration or resettlement to a third country. Although most migration is voluntary, in pursuit of economic opportunity, UNCDF is looking at how remittances can be a tool to build the resilience of refugees as well. UNHCR and UNCDF jointly commissioned a study in 2020 to explore remittances in the context of the Democratic Republic of Congo, home to 10 percent of the world’s total population of interally displaced people andto an additional half-million cross-border refugees. The study,which interviewed 656 households across four provinces, explored remittance usage by people based in refugee camps and the host communities and rural areas around them. It found strong potential for digitized remittances to advance financial inclusion.

Subscribe to our newsletter

*The Migration and Remittances programme uses the information you provide solely in order to send occasional updates, announcements and invitations related to our work. We will not sell, rent or otherwise share the information you provide, and you can unsubscribe at any time.