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It costs more to send money to sub-Saharan Africa than anywhere else in the world: these companies are trying to change that

By Yahoo! Finance   |   1 month ago
It costs more to send money to sub-Saharan Africa than anywhere else in the world: these companies are trying to change that

Remittances to sub-Saharan Africa are crucial but expensive, costing 8.37% of the total value sent. Fintech companies aim to reduce costs and increase flow. Digital remittances can lower fees, but internet access remains a challenge in the region.

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