Reports

This report examines how cross-border payments, especially remittances, have evolved based on perspectives from the private sector.

Have you missed the IAMTN London Summit, or wish to reflect on some of the topics that were discussed? Dive into our event report to read about the insights that were shared by our industry experts.

Our 2021 Annual Report explores the big trends, significant events, and new innovations of the cross-border payments industry in 2021. Following the initial instability as an effect of the pandemic, the industry has become more dynamic than ever in 2021.

While millions of Africans send money within the continent to support their families, formal remittance channels remain expensive, slow, lack accessibility and transparency. This report explores the challenges that are observed in different African markets, and how to overcome these to let remittances flow seamlessly.

Africans move primarily for economic reasons, but also social, cultural or climate-related reasons, in order to improve their lives. Even though the COVID-19 pandemic has brought uncertainty and affected migration patterns, many signs show that international migration will only continue flowing in Africa.

Being able to prove our identity legally is vital: it unlocks access to fundamental services, improves lives and empowers populations. Digital ID, if designed with the correct principles and enforced with the right policies, can enhance financial access and inclusion.

We explore how recent developments in the Somali remittance ecosystem are impacting the population’s well-being.

Remittance service providers are companies that are not only profit-driven, but also motivated by the goal to support their customers in any way possible. IAMTN and CALETA have collaborated to underline how the activities of RSPs will increase financial inclusion and improve many people’s lives.

2020 has been a special year for the cross-border remittance industry. To underline the trends that characterized remittance flows throughout the year, IAMTN and the research company CALETA have joined efforts to produce the 2020 Industry Report. The report underlines how the market has continued functioning thanks to new processes and digital instruments.

Since Nigeria is the largest economy in Africa with an estimated GDP of USD470 billion in 2018, it is not surprising that investment funding for Nigerian start-ups and fintech was more than USD117 million in that year, making the country a powerful remittance market.