The send App by flutter waves has given more details on the cultural trends of IDFR. The 16th June, 2024 has been recorded as the day where migrants and other diaspora communities come together to support millions of poor families. Contributing to their poverty alleviation, healthcare and even education.
The International Day of Family Remittances (IDFR) shows what this money contributed has done for families and communities, nations and it also recognizes and appreciates the sacrifices and generosity of the givers.The International Day of Family Remittances (IDFR) reveals the economic impact of this money on households, communities, and nations, and recognises the sacrifice, separation and generosity often involved.
To celebrate the international Day of Family Remittance (IDFR)2024, Africa’s top payment technology Company , Flutterwave as shared information about Send App , a new cross border remittance app.
The app has shown culturally rich and unique remittance ability that is meant to reinforce the thought that was shared by the company’s Founder and CEO, Olugbenga “GB” Agboola, said that “No matter where we find ourselves as Africans, we remain tied to our homes and always seek measures to support, appreciate and stay connected with our loved ones.”
“The family support” Remittance over 70% of remittance is meant for family support only which includes, education and medical payments. The Remittance has a vital role to play in the support of the personal needs of millions of families across Africa. It also aligns with the growing global remittance trend that supports migrants that are in the lower class and others that are earning middle income. The payment support has been estimated to be over 5 trillion USD.
Thousands of people have been using the option of the “Bride price” as a reason for sending their remittances on the Send App, since the option was added to the app’s transfer description in December 2023.
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