About the Summit
26-27 March 2019
The Global Money Transfer Summit (GMTS) is the most recognised conference in the money transfer industry. It brings together innovators, disruptors and established industry stakeholders who are driving the worldwide payments and payment ecosystems in Africa.
By fostering and developing a deeper understanding of the evolving digital remittance services, GMTS can provide insights that will guide regulators, policy makers, governments, businesses and investment decisions in the emerging digital remittance and payment space across Africa.
GMTS brings together top executives from the international money transfer operators, financial services providers, mobile network operators, national regulators, card and payment switch providers, fintechs, application providers etc. within the remittance, banking and payment ecosystems in Africa and beyond. Featuring case studies on remittance services, payments and other innovations in the cross border remittance services space in Africa, GMTS will be the largest gathering of stakeholders in the remittance ecosystem serving the African remittance industry. Hear firsthand from leading executives and discover how policies, trends and emerging technologies are impacting the African remittance and payment industry.
Remittances from African migrants and diaspora play a significant role in supporting local healthcare, education, investments in commerce, agriculture and building projects across Africa.
According to the World Bank, remittances to sub-Saharan Africa are estimated to grow by 9.8 percent from $41 billion in 2017 to $45 billion in 2018, and projections indicate that these will continue to increase, but at a lower rate, to $47 billion by 2019.
The upward trend observed since 2016 is explained by strong economic conditions in the high-income economies where many sub-Saharan African migrants earn their income. Nigeria, the largest remittance recipient country in sub-Saharan Africa and the sixth largest among low and middle income countries (LMICs), is expected to receive more than $25 billion in official remittances by the end of 2018, an increase of more than $3 billion compared with the previous year. Looking at remittances as a proportion of GDP, the Gambia has the largest share, followed by Comoros, Lesotho, Senegal, Liberia, Cabo Verde, Zimbabwe, Togo, Ghana and Nigeria.
Despite the significant remittance inflows, many Africans are still facing challenges in making secure, simple and safe payments within their national and international boundaries. The purpose of this conference is to promote innovative opportunities between the international cross border remittance services and local payment systems in Africa.
GMTS aims to develop and encourage innovations that will improve the financial services ecosystem in Africa so that it can benefit from globalisation and deliver affordable remittance, banking and payment systems to the growing population.
Global Money Transfer Summit 2019 - Cape Town
Hans BoonCEO at Postal and Remittances Expert at International Fund at PostFinance International Development B.V.
Dilip RathaHead - KNOMAD, Lead Economist - Migration and Remittances, Social Protection and Jobs Global Practice at World Bank
GMTS delivers the two most productive days on the industry calendar, highlighting the future of the money transfer industry and providing excellent networking opportunities as the catalyst for countless partnerships, investments and initiatives. GMTS is unique in delivering the most senior audience of geographically diverse decision makers who represent every key sector and size of organisation in an increasingly complex remittance ecosystem.