According to Samuel-Biyi, Director of Remittances and co-founder at SureRemit, “Diaspora remittances are an important income source for individuals and families across Africa and other major remittance corridors. Nearly half of these funds are sent home to support basic needs like food, clothing, education, medicine and utility bills. The earning power of a significant portion of the population in the developing world is relatively low, so, many people rely on international remittances for their basic needs.
The volume of funds will continue to rise as migrants prosper abroad.”
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