Which app gives South Africa’s migrant workers the best deal on sending their next $200 home?
- Johannesburg serves as a hub for migrants from Zimbabwe, Nigeria, DRC, and Uganda, who contribute to the local economy.
- Over $1 billion in formal remittances flows to SADC countries each year, with Zimbabwe receiving nearly half.
- Mukuru and Hello Paisa are popular among Zimbabweans for their extensive cash pickup networks and integration with mobile money.
The remittance landscape in Johannesburg reflects the complexities faced by migrants, particularly regarding access to services and the impact of fees. As fintech solutions evolve, there is a critical need for inclusive policies that address the barriers faced by vulnerable populations, such as refugees and asylum seekers, to ensure equitable access to financial services.
