Lost in intermediation: How excess charges undermine the benefits of remittances for Africa

Africans living abroad face some of the highest fees in the world to send money home, costing their families approximately $1.8 billion a year in lost income. This report analyses global charges on money sent to sub-Saharan Africa, and estimates that reducing charges to global average levels would generate enough income to put 14 million children into school and provide safe water to 21 million people.