Remittances to Africa becoming smaller and more frequent

While the overall amount of money remitted to Africa is on the rise, the average value of remittance transactions between the UK and Africa is falling,
according to online money transfer specialist WorldRemit, which has seen the average amount sent per transaction drop by more than 60 percent in the past year.
WorldRemit ,which is the largest dedicated online international money transfer service processing tens of thousands of remittance transactions to Africa each year, has witnessed the average transaction value fall from £270 to £96 over the past year.

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