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22.7 2022 Samoa: 280 33.6 2022 Mauritius: 274 2.1 2022 South Sudan: 267 0 2022 Malawi: 264 2 2022 Zambia: 243 0.8 2022 Laos: 240 1.5 2022 Benin: 231 1.3 2022 Malta: 226 1.2 2022 Tonga: 225 0 2022 Guinea-Bissau: 206 12.6 2022 Trinidad and Tobago: 204 0.7 2022 Vanuatu: 198 18.7 2022 Iceland: 193 0.7 2022 Timor-Leste: 186 5.8 2022 Curaçao: 159 5.2
The United States accounts for the largest portion of official remittances, followed by the United Kingdom, Italy, Canada, Spain and France. On the African continent, Egypt, Equatorial Guinea, Chad, Libya, and South Africa are important source countries of remittance flows to Nigeria, while China is the biggest remittance-sending country in Asia.
Ria Money Transfer is a subsidiary of Euronet Worldwide, Inc., which specializes in money remittances. [2] [3] [4] Ria initiates transfers through a network of agents and company-owned stores located throughout North America, South America, Europe, Asia-Pacific, Africa, and online. Ria is one of the big four remittance companies. [5]
South African mobile phone operator MTN is launching services allowing users to send cash abroad and businesses to accept payments via an app as it pushes further into the country's rapidly ...
WorldRemit focuses on cross border remittance money transfers from over 50 countries to over 130 countries around the world. [8] For those receiving money, it offers pay out options including bank deposit, mobile money, mobile airtime top-up and cash pick-up as well as cash delivery.
South African Post Office (SA Post Office) is the national postal service of South Africa and as a state owned enterprise, its only shareholder is the South African government. In terms of South African law, the Post Office is the only entity that is legally allowed to accept reserved mail, and as such, it operates a monopoly. [ 3 ]
In 2022, CIPS processed around 96.7 trillion yuan ($14.03 trillion), with about 1427 financial institutions in 109 countries and regions having connected to the system. [1] [2] In 2023, the CIPS processed 6.6133 million transactions, totaling RMB123.06 trillion($17.09 trillion), increasing by 50.29 percent and 27.27 percent y-o-y, respectively.
Purported alternatives to the SWIFT system include: [24] CIPS: sponsored by China, for RMB-related deals. 1467 financial institutions in 111 countries and regions have connected to the system. The actual business covers more than 4,200 banking institutions in 182 countries and regions around the world. [25] [26] [27] SFMS: sponsored by India