Find uplifting stories about heroes, innovations, and solutions
5 results for "remittances"
Africa's United Bank for Africa just launched a platform that lets Africans living anywhere in the world invest, bank, and build wealth back home. The move transforms $100 billion in annual remittances into structured investments that fuel Africa's growth.
A Kenyan fintech startup has created a tool that helps banks recognize money from relatives abroad as income, opening up loans to millions of families previously shut out of credit. The innovation could transform over $5 billion in annual remittances from survival money into wealth-building opportunities.
Migration experts are pushing Ghana to transform how it uses remittances sent home by citizens abroad. With structured investment systems and government trust-building, billions in yearly transfers could fuel sustainable development instead of just covering daily expenses.
Ghana is helping diaspora communities channel money sent home into businesses that create jobs and fuel lasting economic growth. With inflation down to 5.4% and major reforms underway, the country is becoming a magnet for investment from Ghanaians living abroad.
Revolut just launched full banking in Mexico with zero-fee remittances between the U.S. and Mexico, potentially saving families $3 billion annually. The digital bank aims to bring 20 million unbanked Mexicans into the financial system while slashing transfer costs that have taken billions from working families.