Remittances News

South Africa: High Bank Charges Force Immigrants to Send Money Home 'Hand-to-Hand'


 | Source: GroundUp: All Africa

A new survey by Cape Town-based refugee rights advocacy group The Scalabrini Centre has found that the high cost of sending money has kept migrants from using formal remittance systems.

Remittances to Developing Countries Decline for Second Consecutive Year


Remittances to developing countries fell for a second consecutive year in 2016, a trend not seen in three decades, says the latest edition of the Migration and Development Brief, released today during the World Bank’s Spring Meetings.

U.S. sanctions affect remittances to Somalia


With $1.4 billion remittances into Somalia in 2015, accounting for 23 percent of GDP, remittances play a significant role in the economy and livelihood of Somalis.

Kenyans in diaspora are the biggest senders of mobile to mobile remittances, says WorldRemit


According to WorldRemit, mobile to mobile remittances accounts for 93 percent of WorldRemit transactions to Kenya

BCEAO blocks Orange Money transfers to France


The operator no longer has the right to exercise foreign transfers.

Nigeria to raise $300 million diaspora bond


The bond is expected to be issued by June 2017 and mature for a period of five to seven years.

Africa: on the way to mobile money remittances


Mobile money is transforming lives

WorldRemit starts cash pickup service in Ethiopia and Uganda


This will allow easy money transfer to Ethiopia and Uganda

Zimbabwe's central bank to fight remittances fraud


Some fraudsters are stealing bonuses meant to encourage remittances from the diaspora.

Remittances to developing countries reached $432 billion in 2015


This is three times the amount of development aid, according to the World Bank

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