Yes but beyond transaction speed there is the fact that people need/want the money immediately in a form that they can spend.
These are not wealthy people. The remittance is for real goods.
The last mile with money is "can I buy stuff now".
Some African countries are moving fast in this area with mobile wallets but it has been slow generally. Maybe this decade...
These are not wealthy people. The remittance is for real goods. The last mile with money is "can I buy stuff now". Some African countries are moving fast in this area with mobile wallets but it has been slow generally. Maybe this decade...