The Global Importance of Remittances in Building Resilience

In an era of economic uncertainty, how can fintech leaders strengthen customers’ resilience and equip them with the strategies and tools to withstand shocks? In this talk for Financial Inclusion Week 2024, Remitly's Chief Legal and Corporate Affairs Officer, Saema Somalya, will discuss how her team is reducing friction within the cross-border payments industry by delayering transactions and embracing digital benefits. She will also discuss how remittances serve as a lifeline for customers, particularly for those in countries grappling with the effects of natural disasters, inflation, and more. This discussion will highlight key policy issues that impact international payments, and the benefits that would come from non-bank remittance providers directly integrated into the United States’ national payment system.