“By 2030, reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent”

Saver.Global is revolutionising this sustainable development goal by making low cost services accessible for the migrant worker community. Transaction costs listed on Saver platforms range from 1.8% to 15% with the top services averaging 2.1%.

“Ensure inclusive and quality education for all and promote lifelong learning”

Saver.Global is committed to making remittance sending more accessible to migrants and reducing their cost. This is key to empowering remittance receiving households. Children from remittance families, especially girls, register higher school attendance, enrolment rates and additional years in school.

“Equal rights to economic resources, property ownership and financial services”

Women now comprise half of all remittance senders, totalling 100 million. Remittances transform the economic role of women on both the send and receive side enabling financial independence and better employment opportunities. Saver.Global is committed to including women in the financial empowerment of the migrant community.

“Promote inclusive and sustainable economic growth, employment and decent work for all”

By working closely with the ILO and IOM, Saver.Global promotes the benefits of remittances for migrant workers. By reducing average remittance costs to 3 per cent globally, remittance families would save an additional US$20 billion annually. Substantially increasing disposal income for remittance receiving families and helping transform remittance receiving communities.

“Mobilize financial resources for developing countries”

Saver.Global along with the international community seeks to leverage the development impact of remittances. More than 70 countries rely on remittances for more than 4 per cent of the GDP. The impact of remittances have a ripple effect through receiving communities and economies.