Sending money to sub-Saharan Africa remains expensive, with an average remittance fee of 8.37% per transaction as of mid-2024. This high cost disproportionately affects low-income families reliant on funds from relatives abroad. While fintech innovations and mobile money solutions have made transfers more accessible, traditional banking fees and regulatory challenges keep costs elevated. The World… Read More »High Remittance Costs Burden Sub-Saharan Africa, Despite Tech Advancements
