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 […]
Morocco Remittance Market Diagnostic 2022 – French
RAPIDLY IMPROVING AND MATURING REMITTANCE MARKET Sending to Morocco is rather affordable and online methods offer a competitive pricing aligned with SDGs. However, the market remains dominated by in-cash remittances and the banking channel is mainly used for savings purposes. Mobile money uptake is slow and represents, along with the development of retail agents, a […]
Morocco Remittance Market Diagnostic 2022 – English
RAPIDLY IMPROVING AND MATURING REMITTANCE MARKET Sending to Morocco is rather affordable and online methods offer a competitive pricing aligned with SDGs. However, the market remains dominated by in-cash remittances and the banking channel is mainly used for savings purposes. Mobile money uptake is slow and represents, along with the development of retail agents, a […]
Ethiopia Remittance Market Diagnostic 2022
REMITTANCE MARKET UNDERGOING MOSTLY POSITIVE CHANGES The cost of sending to Ethiopia is around the global average, but high informality threatens the attractiveness of formal remittances. Regulations are being passed to try and improve the market but these leave some stakeholders unsure of what to expect next. Generally, the regulations have been useful in opening […]
