TechCrunch
Pesa unlocks new markets to keep remittances flowing to emerging economies
Founders of Pesa, a remittance fintech, know too well how costly, inaccessible and unreliable remittance services drive people to opt for risky informal channels — like WhatsApp groups — to transfer money. The World Bank estimates a further rise in 2024 and 2025 against increasing demand for fast, affordable and reliable cross-border remittance services. Digital remittance tools, the World Bank notes, will continue to accelerate remittance activities by lessening transaction costs and increasing the access to formal money transfer channels.
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