As Telcoin assesses remittance market opportunities in Africa, we’re often presented with charts, figures, projections, and quotes from sources like the World Bank or the United Nations. Together, these data points paint a pretty bleak picture: sending money there is outrageously expensive, despite the huge number of Africans who rely on inbound remittance to support their families and communities.
Unfortunately, even with mountains of data, it’s hard to understand what it all means for actual people on the ground, sending and receiving money transfers to feed their families or keep their businesses afloat. To put our recent blog on the overpriced African remittance market into perspective, we had an opportunity to speak with an NGO worker in Uganda who relies on money transfers to literally feed and clothe orphaned children across her country. read more