ISSUE DATE: June 21, 2022
SUBMISSION DATE: June 30, 2022



The consultant will provide service in the course of two large projects that Women’s World Banking is leading on the topic of international remittances. The service will consist on one side in business analyses of as-is and to-be processes and on the other side in providing advice with regard to regulatory requirements.


About the Project

Women’s World Banking in pursuit of its goal to improve the financial lot and situation of women around the world has several ongoing projects across the world focused on (international) remittances, blockchain, digital finance and financial inclusion.

According to the World Bank in 2021, the global average cost of sending 200 USD is 6%. which represented an estimated 38bn USD lost in transfers to low and middle income countries.

However, cross-border remittances are a financial lifeline for many households in low-income and middle-income countries and as they send smaller amounts, they often pay more than the average 6%.

Together with financial and technology partners, Women’s World Banking is working on developing products solutions are gender-sensitive and contribute to the financial empowerment of female migrants and their families. One of the focal areas through which we seek to achieve this is reducing the cost of remittances and increasing the amount of money ultimately getting to the families. Other areas include bundling remittances with other financial services such as insurance, pensions, furthering financial literacy and building digital capacity with remittances as a use case, process improvement and transparency.

In order to achieve this, Women’s World Banking wants to deepen its understanding of the remittance ecosystem, such as (but not limited to): key processes, fee structures, exchange rates, ecosystem participants, main players and competition, licensing requirements, public policies, regulatory bodies, cross-border payment infrastructures, technological infrastructure (switch), speed factors, cash payment infrastructures, regulations between the corridor and recipient countries. Remittances by its very nature crosses different financial and regulatory jurisdictions necessitating a specialized knowledge of that ecosystem.

Women’s World Banking wants to hire a seasoned Consultant to help expand our understanding of this ecosystem and provide specific consulting support where needed.


Description of the Assignment

Key responsibilities will include:

  • Provide a deep understanding of the financial services, remittance ecosystems and key players, regulations and organizations serving low-income women in the identified countries (Philippines, Saudi-Arabia, UAE, Singapore, Nigeria, Ghana, US, Europe)
  • Assist Women’s World Banking in the engagement of relevant stakeholders to answer questions
  • Provide guidance to Women’s World Banking on regulation that will impact the implementation of the projects
  • Provide advisory through various project activities such as design workshop, customer journey review, brainstorms, technological options and/or position papers.

Duration of Consultancy

Retainer Contract Agreement


Location of Work
Global (ability to work within Asian and African hours)


Preferred Qualifications

  • A degree (master’s degree preferred) in economics, international relations, MBA, accounting, finance or other relevant degree or equivalent qualification.
  • At least 10 years of working experience in remittance and/or international banking and/or cross-border settlements with a focus on project implementation, and thorough understanding of both back-end remittance processes and client-facing remittance operations.
  • Knowledge of DLT, CBDC, Blockchain, Cryptocurrencies, stable coins and the corresponding regulations is an important plus.
  • Strong analytical and organizational skills, experience with regulators.
  • Ability and willingness to work remotely and with flexibility time zones
  • Strong communication and interpersonal skills; embracing ambiguity without making assumptions;
  • Excellent verbal, written and presentation skills in English.

To Apply

Applications must be received no later than June 30, 2022 at midnight ET.

Please include the below in your application:

  • Cover letter, including the below elements:
    • Monthly fee proposal; and
    • References (at least two).
  • Resume / CV

*** Applications should be submitted in English ***

DO NOT EMAIL YOUR APPLICATIONS TO THIS LINK. Applications will only be accepted through the below link.

Apply Now!

Applicants may submit their question(s) in writing until June 28, 2022 to  Please include in the e-mail subject line “Questions: RFQ: International Remittance Consultant”

This RFQ does not guarantee or commit Women’s World Banking to proceeding with the above described work. Due to the overwhelming responses not all candidates will be contacted.

Women’s World Banking will be unable to contract with any individual who is US citizen or resident without an LLC or LP or similar structure.