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The GSMA Mobile Money Certification: a global tool to counter “de-risking”

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At both the macro and micro level, the social and economic impact of international remittances in developing countries is well documented. In 2018, the value of global remittance flows increased to $689 billion, of which $529 billion was to developing countries. In 2019, remittance flows to low- and middle-income countries are forecast to exceed foreign direct investment (FDI) as the single largest source of external financing and, according to the World Bank, remittances…

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