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The African Postal Financial Services Initiative: A success story on remittances at the post office in Africa

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Published on: March 5, 2019

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The African Postal Financial Services Initiative (APFSI) was led by IFAD’s Financing Facility for Remittances in partnership with the World

International Day of Family Remittances

October 6, 2015July 13, 2016 family, GFRD, remittances

About 250 million migrant workers live outside the country they call home. A significant majority of them send money home, typically US$200 or US$300 several times a year. Adding together all the millions of transactions involved, remittances reached US$436 billion to developing countries in 2014.