Global migration is growing at an unprecedented rate and consequently remittance flows are increasing as diaspora support families back home. In Sub – Sahara Africa less than 20% of the population has Bank Accounts! Total remittance flows have reached over $50bn a year. A recent survey by World Bank concluded that Africa’s financial services…
To pay a bill in another country means money transfer, which is expensive.
Pay a bill abroad – like your Granny’s electricity – and she’ll get an SMS with the token for her meter.
Knowing that money sent is used for the reason it was requested is a real concern for those that support friends and family back home.