WorldRemit research shows that switching from offline into digital remittances could free up a further
$825 million for education worldwide
Islamabad and London, 8th January 2019: New research from the digital money transfer service
WorldRemit shows hundreds of thousands of Pakistani children are in school, have access to books
and educational supplies, and are more likely to study and less likely to work due to international
Pakistan is one of the top 10 remittance recipients worldwide, and received $21 billion in remittances
These findings were calculated using data from UNESCO, the World Bank, and Pakistan’s latest
national household survey. Approximately 220 million children in low and middle-income countries are
not in school around the world. Of these, 19 million live in Pakistan, one of the highest numbers of
out-of-school of children in the world.
Key results include:
450,000 children in Pakistan are in school as a result of receiving international remittances
School age children in Pakistan are 40% less likely to attend school if their household
Remittance-receiving households spend more on education — equivalent to a child’s set of
school-books for the year
Children in remittance-receiving households spend less time working on non-school activities,
freeing up more time for school studies
WorldRemit also calculates that globally, if traditional, cash-based money transfers were replaced by
lower-cost digital alternatives, an additional $825 million would be unlocked for families to spend on
children’s education. Savings from “going digital” could pay for the equivalent of 20 million school
uniforms, 30 million school books and 16 million sets of school supplies for children in low and middle
Hamza Islam, Country Director, Pakistan, at WorldRemit said: “As millions of children in Pakistan
go back to school this term, our research is a timely reminder that the contributions of the diaspora
are vital to the education of 450,000 children across the country. Switching to digital remittances
would help maximise that even further.
With global remittances predicted to rise in 2019, this means even more children are set to benefit.”
WorldRemit is one of the leading digital money transfer companies for the Pakistani diaspora.
Customer surveys reveal that education is one of the top priorities for Pakistanis living abroad, with
many saying they support the schooling of children back home.
WorldRemit customers complete 1.3 million transfers every month from over 50 countries to over 145
Visit the WorldRemit website for more information on how to send money to Pakistan with just a few
taps on your phone. We have also created a micro-site for readers to find out more about the
research WorldRemit has conducted around the impact of remittances on education: