Our panellists discuss cross border remittances and domestic payments in selected SADC countries and the challenges faced by payments service providers.

SADC Remittance Values and Volumes 2020 report

Informal remittance markets in many countries are well established but often expose the remitter to delays and the risk of theft and other losses. 

South Africa to Rest of SADC Remittances 2020 Pocket Guide

Read more on the research findings on cross border remittances from South Africa to the rest of SADC 2020.

View the webinar on the research findings - cross border remittances from South Africa to the rest of SADC here

Interview with FinMark's CEO - Brendan Pearce on the FMT remittance strategy.

What are the various remittance products and what are their implications for consumers?

Applying the Risk Based Approach in South Africa Report

Applying the Risk-Based Approach – Undertaking AML/CTF Risk Assessment of low-value remittance and banking products and services in South Africa

Below is an extract of our conversation, offering unique insight into a product impacting the lives of hundreds of thousands of migrants across South Africa:

While financial inclusion has risen to 68% globally, Sub Saharan Africa continues to lag with only 32% of its citizens having an account at a financial institution.

The Shoprite cross-border money remittance product reached the R1 billion mark in January 2019

Understanding the remittances from Botswana to Zimbabwe

The Zimbabwean economy has been under severe pressure for many years now

Watch our video where we speak to four of our beneficiaries to hear how our work in KYC, remittances and the risk-based approach are actually making a difference

Understanding Global Remittances Corridors in the DRC (French)

The DRC has a long standing history of migrant flows, and historically flows to and from Europe have been of particular importance.

Understanding Global Remittances Corridors in the DRC (English)

The DRC has a long standing history of migrant flows, and historically flows to and from Europe have been of particular importance.

The current global remittance market is estimated to be in the region of USD 500 billion annually and is expected to grow in future.

SADC migrants in South Africa remit approximately R16.6 billion home annually.

Access to formal remittance services is difficult for many migrants because of the onerous documentation requirements.

Cross-Border Remittance Pricing

This report was commissioned by FinMark Trust and carried out through Genesis to assess the cost of cross-border remittances in South Africa.

The Impact of Remittances in Lesotho, Malawi and Zimbabwe

Households in sub-Saharan Africa have a long tradition of cross-border migration and associated remittances.

Remittance markets comprise both a commercial opportunity for financial sector operators, and an important means of supporting impoverished communities.