June 16th, 2024 is the International Day of Family Remittances . Migrant and diaspora communities support millions of families by contributing to their poverty alleviation, education, healthcare, etc. The IDFR highlights the economic impact of this money on households, communities, and nations, and recognises the sacrifice, separation and generosity often involved.
It aligns with the growing global remittances trend with migrants' remittances to low- and middle-income countries estimated to be over USD 5 trillion. New Technology Supports Age-long Traditions Since the option was added to the app's transfer description in December 2023, thousands of people have used 'Bride Price' as the reason for sending remittances on the Send App. Notably, there was an 86.37% increase in the use of this reason from February to March 2024.