The real numbers behind African remittances

$48 billion sent to Sub-Saharan Africa in remittances annually. For many families, this isn't extra income. It's survival money.

Nigeria alone receives $20 billion+ per year in remittances making it one of the top 6 remittance-receiving countries globally. Yet Nigerians abroad pay some of the highest fees to send it home.

Western Union's Nigeria corridor fee on $200? Up to 11%. That's $22 per transfer. Multiply that by millions of monthly transfers. The math is ugly. The World Bank estimates that reducing remittance costs to 3% globally would put $20 billion extra per year back in the hands of families in developing countries. Per year.

Meanwhile stablecoin transfers cost less than $0.01 on Base network. The same $200 transfer. Fraction of a cent in fees. 2 seconds.

The problem was never the money. It was always the pipes it travelled through.

Nedapay is building better pipes.

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