Cutting the cost of sending money home: Fast payment systems, digital access, and the future of remittances

Every month, millions of migrant workers send a portion of their earnings home to support their families — often providing the most reliable source of income those families have. These transfers are among the most personal financial acts in the global economy — a parent paying school fees, a family repairing a roof, a household keeping the lights on. But remittances can also do more than help families get by.

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Three Paths to Accelerating Digital Access in West and Central Africa

Just before the coronavirus (COVID-19) pandemic struck, just over half of the world’s@World Bank/Vincent Tremeau population approximately (51%) had access to the internet compared with just 30% in Western and Central Africa. With the strict lockdown implemented during the pandemic, many services were only available to people across the region through the internet. 

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