Our research shows that in Uganda, 15,000 children were likely to be in school because of money sent from loved ones living abroad. In the households that receive remittances, not only are the children less likely to work and more likely to study, but they are also likely to have more spent on their education. The additional funds are equivalent to a set of school books for three years.
At a global level, our calculations suggest that 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. Such savings could be enough to pay for 20 million school uniforms, 30 million school books and 16 million sets of school supplies for children in low and middle income countries.
For full methodology see here.