The remittance market in Africa has for too long been monopolised by companies imposing inordinate fees that are, on average, three times those charged on remittances to Asia. They combine a pricing structure that imposes extortionate minimum charges with consistently poor services.
Ethiopia: Remittance Industry Fails Poor
Addis Fortune (Addis Ababa), 30 December 2012
The remittance market in Africa has for too long been monopolised by companies imposing inordinate fees that are, on average, three times those charged on remittances to Asia. They combine a pricing structure that imposes extortionate minimum charges with consistently poor services.
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