Free Member-to-Member Transactions on June 16 | International Day of Family RemittancesPosted: June 5, 2017
SolidTrust Pay plays an integral role in the global money transfer and fin-tech industries. Many of our members use our services to conduct business around the world because we offer some of the best rates and services online. But many of our users also use our services to transfer monies to their families back home — these are called remittances.
On June 16th, we are proud to announce we will be showing our support for the International Day of Family Remittances, as well as our dedication to improving both the lives of our users and the many different countries from which they come.
For a full 24 hours, from 9:00am EST on June 16 to 8:59am EST on June 17, member-to-member transactions will be entirely free! That means you won’t pay a single cent in fees for any transactions between your friends, family or associates. This does not apply to merchant website purchases. Users must be 18 or older in order to create an account, and accounts are restricted to a $250 daily transaction limit until fully verified.
Sign up for a SolidTrust Pay account now and get yourself verified by June 16th to take full advantage of this event!
Our hope is that this will help the people who use our services to support their families back home. We want to see them get ahead right at the start of summer as we head into the growing season for many countries. We want our users to be as successful as possible. Because when one of us grows, we all grow.
So, in solidarity with the International Fund for Agricultural Development (IFAD), we hereby declare that we fully endorse and support the following pledge:
To all IFAD’s Member States,
We, SolidTrust Pay, fully endorse the International Day of Family Remittances (IDFR).
The IDFR was unanimously proclaimed by all 176 IFAD Member States at its Governing Council in February 2015. In December 2016, the General Assembly of the United Nations took note of this proclamation.
June 16 is officially designated as International Day of Family Remittances. The day aims to recognize, and to raise global awareness of the fundamental contribution made by migrant workers to the wellbeing of their families and communities back home, and to the sustainable development of their countries of origin.
Remittances represent one the largest single financial forces for good on the planet. At $445 billion to developing countries, the money sent home annually by migrant workers dwarfs international aid and, in some instances, foreign direct investment too. Remittances also promote financial inclusion and disproportionately benefit both the poor and women in emerging markets. Hundreds of millions of families globally rely on these money flows to keep food on the table and a roof over their heads, and to provide education and better opportunities for the future.
Today is a celebration of the hard work, sacrifice and generosity of international migrant workers. As stakeholders in the remittance industry, we pledge to work together to enhance innovative financial technology, provide greater efficiency and lower the cost for a more accessible financial sector to all in order to enable poor people to control their financial life and to be agents of change.
We call upon governments, regulators, financial institutions and development actors to join forces towards this great achievement.
We are committed to celebrating the power of remittances with people throughout the world.
Happy International Day of Family Remittances