COVID-19 | Official online Resource and News Portal. For more information, visit www.sacoronavirus.co.za

Certified by DFI

Money Transfers

$250 / Finance Available

This 4-week course provides a comprehensive perspective on how the money transfer industry has developed and evolved, and how it operates today.

Enquire Now

Start Date

4 February 2022

Duration

4 Weeks

Delivery

Online, in our digital classroom

Remittances in the Digital Age

We will look at the history of these cross-border payments, established and emerging actors and mechanisms, the needs and interests of clients, and how technological and business innovations continue to open new frontiers for the money transfer market. Unlike the vast majority of cross-border payments, which are made by international corporations and banks, remittances are made person-to-person and usually in low amounts. The typical sender is an economic migrant who has left home to find more profitable work in another country, and the typical receiver is a family member who remains back home. But even through this very special kind of international money transfer use case represents a fraction of all cross-border payments. The World Bank estimates that it adds up to some 600 billion USD annually, and the Sustainable Development Goals have established targets for reducing the cost of these transactions back home.

Why do I need an Instant Money Transfer Course?

The course is intended for professionals in the money transfer industry, start-up entrepreneurs looking to enter the space, executives in the financial service interested in cross-border transactions, and international development professionals. The course will provide a space for discussions, debates, experience and knowledge-sharing and exchanges of resources and tools for those interested in the interaction of digital finance and the developing international remittance sector.

Upon successfully completing the course, students will be able to illustrate how remittance mechanisms, technologies, and key players have evolved over time, as well as compare business models of established and emerging players, analyze the impact of legal and regulatory conditions and discuss trends developing within the remittance industry today.

Course Curriculum

Faculty

Xavier Martin

Faculty & Experience Director
Digital Frontiers Institute

What is an Instant Money Transfer?

An instant money transfer generally refers to a payment made using a digital financial service to send money between people or organisations.

What are Remittances?

A remittance is an international money transfer that is specifically done between people, usually economic migrants, and for generally low amounts of money.

What is DFS?

DFS, or digital financial services, are any financial services that are available through digital channels, and includes payments, credit, savings, transfers and insurance.

What is Fintech?

Fintech, or financial technology, refers to any digital technological tools or business models used to support the delivery of financial services.

What is Financial Inclusion

Financial inclusion is a key part of DFI’s agenda and refers to the goal of ensuring that all people, especially marginalised groups, have access to the financial tools they need.

What is a Virtual Classroom?

A virtual classroom is a learning environment that only exists through a digital platform and that allows students to participate regardless of their geographic location. All DFI’s courses are delivered in a virtual classroom.

What is Digital Frontiers Institute?

Digital Frontiers Institute (DFI) is a digital education provider designed to prepare professionals for the challenges and opportunities they will encounter in a rapidly changing economy.