Remittances in the Digital Age
Certified by DFI
This 4-week course provides a comprehensive perspective on how the money transfer industry has developed and evolved, and how it operates today.
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Money Transfers course overview
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.
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.
World-Class Academics and Practitioners
Faculty & Experience Director
Digital Frontiers Institute
Kickstart your DFS career
DFI’s mission is to equip a new generation of professionals with the information, skills, and vision they need to guide society towards inclusive digital ﬁnancial solutions. DFI understand that affordability may stand in the way of your progress as a Digital Finance Professional. We strive to source, manage and administer various student funding opportunities to make tuition more affordable for you. for deserving students according to sponsor specific requirements. Our goal is to ensure that no student is left behind and have designed affordable payment terms as well as scholarship funds for eligible students.
Use this information to find the best financial aid that supports your objectives. At any stage please contact us at firstname.lastname@example.org
Option 1: Payment Plans that make your tuition more affordable
Course fees can be made over payments at an agreed date.
Certified Digital Finance Practitioner
- Year 1: $1335/$445 in 3 installments (works out to $112 p.m.)
- Year 2: $1335/$445 in 3 installments
- Year 3: $1335/$445 in 3 installments
Foundation courses include the Certificate in Digital Money, and Leading Digital Money Markets.
- Payment 1: $500
- Payment 2: $500
- Payment 3: $500
Specialization courses included short courses such as Digital Agriculture and Digital Identity.
- Payment 1: $125
- Payment 2: $125
Option 2: Can we help in getting your company to pay or at least contribute to your tuition?
DFI can assist in opening a conversation with your employer to support your tuition. We can cultivate further interest with them to participate on our programs – bringing multiple employees on will result in corporate discounts and thus lower tuition for you.
Request your corporate proposal by contacting us at email@example.com
Option 3: Referral Program
If your colleagues, friends or family join the course we can open a referral seat for you, which is 100% subsidized by Digital Frontiers Institute. This includes assisting us to create impactful corporate alliances.
Eight successful referrals will result in your foundation course being fully subsidized.
Four successful referrals will result in your specialization course being fully subsidized.
Option 4: Scholarships
DFI offers partial scholarships to qualifying candidates. Our scholarship funders favor scholarship candidates that contribute to tuition themselves. Ideally, Students should contribute at least half of the tuition fee, the higher your contribution the more likely you are to be considered. Tuition can also be paid in manageable installments. Please see below criteria for scholarships.
- I am an active member of the digital financial services industry
Scholarships are adjudicated quarterly and are weighted based on the strength of your application. You will be asked to answer the following questions in your application:
- Please provide a brief overview of experience.
- To what extent does your organization contribute to financial inclusion.
- How will your attendance on this course benefit your organization, your initiative, your country?
- Describe your current role and responsibilities.
- Why do you think you should receive financial aid?
- I can contribute $ to my course.
You can apply for a scholarship on the course registration page, where applicable. Not all courses have scholarship programs.