Over the past two decades, there has been a digital revolution with pioneering developments in the form of the internet, email and mobile phones transforming the way information is accessed and communication takes place. For many market analysts, cross-border payments are the next frontier, where innovative technologies will challenge the expensive, clunky business models that currently exist. Mobile phone technology, mobile money, digital currencies, distributed ledgers, electronic identification and cloud technology together have the capacity, for the first time, to technically make cross- border payments negligible in cost, instant, auditable and accessible to everyone.

In light of this, FSD Africa has commissioned research to assess whether the appropriate application of ‘new’ technologies could be leveraged by donors and other development agencies to increase formal remittance flows into Africa and/or reduce the cost of sending money home.

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