Deep Dive: African Remittance Startups Are Battling for Your Wallet
- The traditional methods of sending money to Africa included banks and Western Union.
- Remittance startups are emerging as key players in the African remittance market.
- There is a growing number of options available for sending money back home.
The rise of remittance startups signifies a positive shift towards more accessible and efficient money transfer options for individuals in the US and UK sending money to Africa. This competition could lead to better rates and services for consumers, but it also raises questions about the sustainability of these startups in a rapidly changing market.
