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Tag: Remittances

Africa Business World 

Removing the barriers to remittances in Sub-Saharan Africa

Elwin Mandowa, , , ,
– – In contrast to the global average of 6.8%, the average cost of remittances to Sub-Saharan Africa in 2020 was 8.9% of the transaction’s value. In Sub-Saharan Africa, informal flows are common, and the trend is rampant in several corridors. A formal market that is not operating at its best to meet the needs of people, especially lower-income people,… Read More
Africa Business World 

Zeepay hosts conference to mark international day of family remittances

Elwin Mandowa, , , , , ,
– – Zeepay Company Limited, on Thursday June 16, 2022 hosted the second edition of Disrupt 270 Conference on the theme “Leveraging Remittances for Digital Inclusion and Impact” to commemorate the International Day of Family Remittances. The one-day thought leadership conference provided insights on the evolution of remittances post-pandemic and how various policies are influencing the industry to impact diasporans and… Read More
Africa Business World 

Azimo offers free remittances amid gloomy World Bank predictions

Elwin Mandowa, , , , , ,
– – Azimo, the digital money transfer service, is offering a fee-free transfer for all senders on June 16, the UN’s International Day of Family Remittances, after remittance volumes in 2020 beat expectations. The International Day of Family Remittances was launched in 2015 to raise awareness of the contribution that migrant workers make to the economies of their home countries.… Read More