South Africa Remittance Market Diagnostic 2022

heat map showing population density vs distance to remittance agent in south africa

LARGEY INFORMAL MARKET, BUT COMPETITION INTENSIFYING It is estimated that from South Africa to SADC about 50% of remittances are sent through informal channels. The ADLAs are competing and gaining traction. Payment is still mainly cash via large retail networks, but reduced KYC requirements has increased access. Prices have been coming down as competition intensifies […]