Remittance Innovation Champions 2022 – South Africa (RIC22-SA) Call for Proposals

At the National Remittance Stakeholder Network for South Africa, the Financing Facility for Remittances (FFR) of the International Fund for Agricultural Development (IFAD) is pleased to announce the Remittance Innovation Champions 2022 – South Africa (RIC22-SA) Call for Proposals, under the framework of the PRIME Africa initiative.

This RIC22-SA seeks to finance private sector initiatives aiming to develop, or scale up, innovative and cost-effective international remittance services, to and from South Africa, for excluded populations, particularly the rural poor and women. In accordance with the PRIME Africa diagnostic and respective identified priorities, the RIC22-SA will finance initiatives that support at least one of the following objectives in remittance corridors to and from South Africa:

1. Expand formal channels for international remittances
2. Accelerate digitization of international remittances
3. Reduce international remittance transfer costs
4. Leverage remittances to deepen financial inclusion

For further info, write to: [email protected]