#Africa Fintech can cut remittance costs to a fraction
One of the most attractive uses for fintech is in enabling overseas remittances. A total of 19 African countries rely
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financial inclusion
Mobiles speed up financial inclusion in Africa
A study of five countries in Sub-Saharan Africa reveals 63 per cent of respondents are unbanked, and 52 per cent use mobile money through agents.Twenty per cent of the population use mobile money services on a mobile phone, and half of these people are unbanked.
Read moreThe key role of migrants and remittances in the UNSGSA 2015 Annual Report to the Secretary-General
The key role of migrants, and the tremendous impact that remittances have on their families and communities back home, is well highlighted in the UNSGSA – H.E. Queen Máxima of the Netherlands – 2015 Annual Report to the Secretary-General, “Financial Inclusion – creating an inclusive world”.
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