According to the press release, this enables Africhange to enhance its capacity to support inbound remittances for immigrants and diaspora communities sending funds to Nigeria. Nigeria remains a key destination for remittances in Sub-Saharan Africa. The World Bank’s 2023 Migration and Development Brief reports that remittances to Nigeria alone accounted for 38% of the region's USD 54 billion total that year. For many Nigerians, these funds are essential for expenses such as education, healthcare, and daily living, making accessible, cost-effective remittance services crucial. With the IMTO licence, Africhange aims to offer a reliable platform that facilitates cross-border financial support.
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