Xenophobia means higher interest rates, less investment and fewer jobs

Daily Maverick | 25.07.2026 01:14
Migration and financial services are linked through remittances, transaction accounts, foreign exchange, mobile wallets, cash-out networks, merchant payments, and the broader task of moving money safely, cheaply and lawfully across borders. To put it simply: people move; money moves; and – crucially – support for families and for businesses is created.