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21 results for "remittances"
A fintech serving African diaspora communities just cracked the top 15 on Africa's most prestigious growth ranking. While currency crashes hurt competitors, Africhange's unique focus on cross-border remittances powered them past major banks.
A Nigerian fintech just unlocked direct access to one of West Africa's biggest digital payment markets. Fincra's new license means businesses can now move money across Africa faster and cheaper than ever before.
Money sent home to Mexico by workers abroad hit an all-time high in March 2026, signaling hope after a challenging year. The $5.39 billion sent in one month represents real recovery for millions of families.
International migrants sent home a record $685 billion to low and middle-income countries last year, more than all foreign aid and investment combined. A new global report shows migration is driving economies forward, but warns closing safe pathways pushes people into danger.
Migration is powering economies worldwide, with workers sending home a record $905 billion in 2024 while filling critical job gaps and sparking innovation. A new UN report shows these gains are at risk when countries close pathways, pushing migration toward dangerous routes instead.
WapiPay just became the first Kenyan fintech to launch in Jamaica, opening new pathways for billions in remittances flowing between Africa, Asia, and the Caribbean. The move could help millions of families access better financial services by treating money sent home as more than just spending cash.
Ghana is transforming how it uses money sent home by citizens living abroad, shifting from short-term spending to long-term investments that fuel national development. The country received $7.8 billion in remittances in 2025, exceeding all foreign direct investment.
Ghana is creating a bold new plan to transform the $7.8 billion sent home by its diaspora each year into businesses, jobs, and long-term growth instead of just household expenses. With 1.7 million Ghanaians living abroad, the nation is building tools to channel these funds into entrepreneurship and national development.
Ghana's central bank is transforming how millions of expatriates support their homeland, shifting from simple money transfers to strategic investment partnerships. The bold initiative could unlock sustainable wealth for a nation during uncertain economic times.
Egypt's tourism industry surged to $10.2 billion in the first half of 2025, marking a 17% jump that signals growing confidence in the nation's recovery. Combined with record remittances from Egyptians abroad, the numbers reveal an economy finding its footing.
Nigeria's diaspora commission is shifting from traditional remittances to structured tech investments, courting Nigerian professionals in Silicon Valley. The move signals a new chapter in how African nations tap their global talent networks for economic growth.
A new study of 62 developing countries found that money sent home by workers abroad significantly reduces poverty at every level measured. When families receive these payments, they move from survival to stability.
Vietnam's largest city is steering overseas remittances away from traditional investments and into technology and innovation sectors. The strategic shift aims to fuel the metropolis's double-digit growth and cement its role as the nation's economic powerhouse.
Nomba just launched an API that lets Nigerian businesses send money to five countries without the nightmare of sourcing foreign currency or freezing capital. The new system collapses weeks of regulatory headaches into a single five-minute transaction.
Nearly 800,000 Kosovars living across Europe are investing millions back home, creating jobs and driving down poverty rates that once plagued the young nation. Through creative government bonds, real estate, and local business support, expatriates are helping one in four citizens climb out of poverty.
Ghanaians living abroad sent home a record-breaking $7.8 billion in 2025, making the diaspora the country's most reliable development partner. The money flows directly into families, education, businesses, and housing without bureaucracy or conditions.
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.
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