Sending money to Africa? It will cost you

Sending remittances to Africa are more expensive than any other region, data from World Bank shows. Image: REUTERS/Las Vegas Sun/Steve Marcus

Yomi Kazeem


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African countries significantly dependent on remittances, % of GDP
Image: Quartz
 It costs more to send money to Africa than everywhere else.
Image: Quartz
 Remittance costs to Africa consistently top global averages.
Image: Quartz
Banks remain an expensive channel for sending remittances.
Image: Quartz
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Related topics:

AfricaBanking and Capital Markets


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