International Remittance Market in South Africa Exhibits Steady Growth: Comprehensive Analysis and Opportunity Outlook Revealed in Latest Sector Report
The South Africa international remittance market continues its upward trajectory.
- The South Africa international remittance market continues its upward trajectory.
- The inbound remittance market within South Africa has seen a notable growth rate of 3.5% during 2022, reaching a significant transaction value of US$872.9 million in 2023.
- Similarly, the outbound remittance sector reflected growth of 3.1% over the same period, with 2023 figures soaring to US$ 1.01 billion.
- The detailed report dissects the market through a variety of lenses, assisting stakeholders in understanding numerous facets of the remittance ecosystem.