REPORTS

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Africans move primarily for economic reasons, but also social, cultural or climate-related reasons, in order to improve their lives. Even though the COVID-19 pandemic has brought uncertainty and affected migration patterns, many signs show that international migration will only continue flowing in Africa.

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Remittances make a significant contribution to Somali household income and food security.In this report, we explore how recent developments in the Somali remittance ecosystem are impacting the population’s well-being.

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2020 has been a special year for the cross-border remittance industry. To underline the trends that characterized remittance flows throughout the year, IAMTN and the research company CALETA have joined efforts to produce the 2020 Industry Report. The report underlines how the market has continued functioning thanks to new processes and digital instruments.  

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2020 has been a special year for the cross-border remittance industry. To underline the trends that characterized remittance flows throughout the year, IAMTN and the research company CALETA have joined efforts to produce the 2020 Industry Report. The report underlines how the market has continued functioning thanks to new processes and digital instruments.  

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Being able to prove our identity legally is vital: it unlocks access to fundamental services, improves lives and empowers populations. Digital ID, if designed with the correct principles and enforced with the right policies, can enhance financial access and inclusion.
 

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Remittance service providers are companies that are not only profit driven, but also motivated by the goal to support their customers in any way possible. IAMTN and CALETA have collaborated to underline how the activities of RSPs will increase financial inclusion and improve many people’s lives.
 

Nigerian remittance market

Since Nigeria is the largest economy in Africa with an estimated GDP of USD470 billion in 2018, it is not surprising that investment funding for Nigerian start-ups and fintech was more than USD117 million in that year, making the country a powerful remittance market.
 

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The International Alliance of Money Transfer Operator Associations (the Alliance), came together to jointly address pressing issues we have in common, centring on the loss of access to banking facilities.