S2 EP3 - Transforming Remittances Into Opportunity Across the African Continent

Financial Inclusion Unlocked · Feb 9, 2026 · 43m

Remittances are a vital financial lifeline for millions of African families, helping to strengthen household resilience, advance financial inclusion and support local economic growth.

Across much of the continent, remittances have traditionally been received in cash, typically between US$200 and US$300 per transaction, often involving long travel times and the risks associated with carrying money.

Through the EU-funded PRIME Africa Programme, implemented by IFAD’s Financing Facility for Remittances (FFR), the remittance ecosystem in seven African countries has become more digital, inclusive…