Digitalizing the Route of Remittances Will Help Africa’s Recovery

Source: Business Live

With the majority of African countries now facing steep economic activity declines in the devastating wake of COVID-19, the next few years will likely test the financial resilience of families and communities in new and severe ways.

Across the continent, where tourism and hospitality have come to a grinding halt, thousands of jobs have been lost in both the formal and informal sectors. Within this gloomy narrative, a shining light has been the formidable resilience of remittance flows into African markets after the initial shock of the pandemic and national lockdowns.