TawiPay (www.tawipay.com) is a pilot money transfer project that started in 2015. Its main goal is to increase transparency in remittance channels. The Swiss State Secretariat for Economic Affairs (SECO) financed the establishment of the two remittance channels, Switzerland–Serbia and Switzerland–Bosnia. The project’s objective is to enable migrants/diaspora communities to reduce the cost of sending money to their home countries.
The International Fund for Agricultural Development (IFAD) has a number of projects around the globe aimed at facilitating and enhancing the effectiveness of diaspora investment in local economies, including:
Initiated in June 2014, the project "Innovative Diaspora of the Republic of Moldova" (INDP) is a flagship initiative coordinated by the Moldovan Technology Transfer Network (MTTN) in cooperation with Entranse Moldova. INDP Initiative aims to assist residents of the Soroca Business Incubator (IAS) to improve the services and products provided by them by creating and supporting sustainable partnerships between residents IAS and highly skilled diaspora of Moldova (successful entrepreneurs).
The Diaspora Congress is a platform held every two years in order to strengthen communication between the government and the diaspora. The Congress focuses on multilateral discussions between government officials and representatives of the diaspora regarding the diaspora's policies and the impact of migration on the economic, social, academic and political situation in the country.
The Congress, organized by the Bureau of Inter-Ethnic Relations in partnership with IOM, brings together Moldovans living abroad with government ministers, the President and the Prime Minister.
Developed by the Bureau for Relations with the Diasporas, the Diaspora Days are aimed at promoting tourism, cultural and economic dialogue, mobilizing diaspora associations and civil society for joint actions to contribute to sustainable development and promoting Moldova internationally.
The organization of events dedicated to Diaspora Days is a perfect occasion to attract migrants and to get them interested in developing local infrastructure, creating services for children and the elderly, launching businesses.
The Common Market protocol aims to promote development through the facilitation of the free movement of goods, persons, labour, the rights of establishment and residence, the free movement of services and capital.
Mandiri Bank sealed an agreement with Dairy Farm Company, that manages 7-Eleven retails, to provide money transfer service for Indonesian citizens who currently work in Hong Kong. Through this cooperation, Indonesian citizens who want to send their money back home can simply use their payment card, which they can get from Mandiri Bank, in all of the 900 7-Eleven retail shops in Hong Kong.
The project seeks to increase the number of remittance recipients with access to financial services and promote small and medium sized businesses. The project is focused on the extension of the Universal Postal Union (UPU) international electronic remittance service to rural postal offices and on the establishment of a link between remittances and postal account-based services. It also fosters support postal offices to develop partnerships with non-postal financial service providers such as banks and credit unions.
The African Postal Financial Services initiative is a joint regional programme launched by the International Fund for Agricultural Development (IFAD) and the European Commission in collaboration with the World Bank, the Universal Postal Union (UPU) – a specialized United Nations agency for the postal sector, the World Savings Banks Institute/European Savings Banks Group (WSBI/ESBG) and the United Nations Capital Development Fund (UNCDF).
The integrated project is a tripartite Agreement signed in September 2015 between the International Organization for Migration (IOM), the Universal Postal Union (UPU) and Burundi Post. It seeks to utilize different components of the postal sector in Burundi to achieve lasting socio-economic development for the rural population as well as for the Burundian diaspora.