With today’s discerning consumer demanding that their wearable tech be as functional as it is fashionable, the HUAWEI WATCH GT 5 Series steps boldly…
6 clever tech startups trying to pop Africa’s remittance bubble
Remittance is a massive cash cow in Africa and the rest of the developing world. The service fees for transacting money from across the continent or abroad amounts to an estimated US$60-billion. A ridiculous amount that’s even said to outweigh Western aid in the continent. But the cost isn’t limited to taxing financial fees. The value of time and security also affects a massive portion of the developing world.
Africans sending money home from abroad are charged an average of 12% according to the World Bank.
Read more on Ventureburn.
