Vision & Mission

Sustainable Development Goal 9

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

SDG #9 emphasizes the need for infrastructure that can support inclusive and sustainable industrialization and innovation. ARYZE is developing tools to give two billion people access to financial services, making finance inclusive and promoting all types of innovation around the world.


1 out of 9 of people
worldwide are supported
by funds sent home by migrant workers who are family members.

Of global remittances
go to rural areas

Around 50 % of global remittances go to rural areas
-60 % of a poor family’s household income is based on remittances.

1 USD Trillion of accumulated flows of money is expected to reach rural areas over the next five years


TLDR: Usually, people send remittances when they are working in another country and want to help support their family back home. The problem is that it costs a lot to send remittances, so a lot of the money people send gets lost in fees. ARYZE Digital Cash can reduce the cost of sending remittances so that more of the money people send to their families can actually reach them. This would help reduce poverty and improve the standard of living for many people around the world.

Imagine a sailor in the Philippines who is hired at a large shipping company, that pays him in cash. He must send this cash back home in remittances that go through many fees, reducing the purchase power of the final amount that is received by his family. On average, 7% of remittances sent are lost to fees, meaning a staggering $48 billion per year is taken away from local communities where they are needed most. In 2018, $689 billion in remittances were sent around the world; in 30 countries, remittances comprised over 10% of their GDP. That money would go a long way in reducing global poverty.


Remittances are vital for bringing countries out of poverty. The UN estimates that on average migrant workers send $200 – $300 home every one or two months. These amounts make up about 60 per cent of the family’s household income.

This equals to 1-9 people globally who are supported by remittances sent home by migrant workers. It is also estimated that most of this demographic live in rural areas, where three quarters of the world’s poor live.


Our Answer

The majority of people in developing economies have access to mobile phones, which gives digital finance the potential to reach the 1.6 billion people who are currently unbanked.

ARYZE Digital Cash is reducing the costs of international money transfers to nearzero, which will allow the $48 billion that is currently being spent on remittances to reach the digital pockets of migrant workers families. This will boost local economies in lowincome regions around the world, diminish global income inequality, and help solve the imperative objectives of the UN SDG goal #9.


Related material

The high price of remittance is something that we can’t afford to ignore. 

Migrant workers are increasingly finding themselves priced out of the international money transfer market, as the cost of sending money home to their families continues to rise.

The pandemic is changing the way we send and receive money.

The global pandemic has caused many changes in the way people live and work, and one of those changes may be in the way money is sent home by migrant workers.