NEW: Remittance Market Diagnostic – Guatemala, 2024
This research is part of a series of diagnostics covering selected countries in Latin America and Africa, this research offers an in-depth analysis of Guatemala’s remittance market, where remittances account for nearly 20% of GDP and play a vital role in supporting rural communities, which receive over half of the total flows. The diagnostic further […]
NEW: Remittance Market Diagnostic – Mexico, 2024
This document is part of a series of diagnostics covering selected countries in Latin America and Africa. In Mexico, remittances are a cornerstone of economic and social development, reaching a record USD 61 billion in 2022. Rural and semiurban communities receive a substantial share of remittances, where their impact is most significant due to the […]
World Bank Migration and Development Brief 40
Remittances Slowed in 2023, Expected to Grow Faster in 2024 Migration and Development briefs are produced every six months and provide an update on key developments in the area of migration and remittance flows and related policies. The World Bank Migration and Development briefs contain the latest on remittance flow market trends broken down by […]
RemitSCOPE Report Africa 2023
The information and data within this report has been obtained from the RemitSCOPE Africa web portal. The site collects data for up to 140 variables for 54 countries and uses a mix of primary and secondary data sources for each thematic area. Publicly available data on migration, remittance flows, remittance pricing and financial inclusion is based on information […]
NEW: Updated Remittance Market Diagnostic – Ghana, 2023
This document provides an update to the original Ghana country diagnostic that was produced in 2020. Ghana has experienced major economic instability over the last year that has had a major impact on the country in terms of hyperinflation and currency devaluation. The situation has since stabilised but increased costs in the Ghana economy have affected both RSPs and […]
NEW: Updated Remittance Market Diagnostic – The Gambia, 2023
This document provides an update to the original Gambia country diagnostic that was produced in 2021. In general, there have been a few major structural changes to the Gambia remittance market in the last two years. The volume of remittances flowing into Gambia has dipped slightly according to the Central Bank of Gambia (CBG), but has increased a bit […]
Uganda Remittance Market Diagnostic 2022
A DIGITAL ECOSYSTEM WITH EVEN MORE EXCITING TIME AHEAD There are exciting developments in Uganda for remittances with improvements to domestic interoperability planned, roll-out of a new national ID scheme, a real-time eKYC scheme for ID verification planned, an innovative shared agency banking network to address rural financial inclusion, high-use of mobile money, a burgeoning […]
South Africa Remittance Market Diagnostic 2022
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 […]
Senegal Remittance Market Diagnostic 2022 – English
A GROWING DIGITAL REMITTANCE MARKET Costs of sending remittances to Senegal, particularly from the EU, are low and remittance regulations within the country are open and clear. However, the digital payment ecosystem is fragmented, and electronic money payment services are not integrated. The use of digital accounts for receiving international remittances remains limited despite the […]
Senegal Remittance Market Diagnostic 2022 – French
A GROWING DIGITAL REMITTANCE MARKET Costs of sending remittances to Senegal, particularly from the EU, are low and remittance regulations within the country are open and clear. However, the digital payment ecosystem is fragmented, and electronic money payment services are not integrated. The use of digital accounts for receiving international remittances remains limited despite the […]
