24 Dec 2022
Living in a country like the Gambia can sometimes get nasty because of the increasing poverty and inflation. The government is going through an extreme crisis. In 2021, the poverty rate of Gambia was 70 per cent, which means 70 out of 100 people are going through severe poverty. Because of these reasons, around 5 to 7 per cent of Gambians, representing approximately one hundred and twenty-five thousand Gambians, live abroad and make a living there. So, they have to send money to Gambia to their loved ones living there.
Finding the best ways to send their hard-earned money back home is the most common and critical concern for all expatriates worldwide. Similarly, the Gambian expat workers also keep looking for methods that can help them send more money securely and swiftly to their families. You can find helpful information in the following guide on ways to send money to the Gambia from abroad. Let’s first take some insight into the country and why its people tend to move overseas.
The Gambia is a country in West Africa with a long migration and mobility history. It has a population of 2.56 million in 2021, out of which one hundred and twenty-five thousand people live abroad. The Gambia economy works by fishing, farming, and tourism. In 2015, the poverty rate of the Gambia was 48.6 per cent, which spread to 70 per cent in 2021. When Gambians have the means, they usually migrate from their country, mainly to Europe and North America.
Population growth is one of the main reasons for the increase in the poverty rate. The Gambia has a population growth of 2.9% annually. It has one of the highest population growth in the region. Gambia has one of the lowest per capita incomes at four hundred and forty USD.
Due to poverty, Gambians usually live in unsanitary conditions and have a high viral and bacterial disease rate. Dengue and malaria are major diseases people suffer from here. It is so bad that it has become endemic.
Due to many reasons, Gambians have to move out of their country. One of the main reasons for migration is the dire economic condition. The Gambia doesn't have a diverse economy. Farming is the most dominant profession in the Gambia. More than half of the Gambians complete their economic means through agriculture. So, their economy is highly dependent on rainfall. When there is little to no rainfall, their economy suffers the most.
Academic opportunities are also the reason for this migration. A couple of universities in the Gambia provide higher studies, so when Gambians get a scholarship in European countries, they go there to get higher studies.
Once Gambians get settled in foreign countries, the problem for them is how to send money to Gambia online or through conventional methods that can ensure safety and speed simultaneously. Continue reading the article to learn about different ways of sending remittances abroad to the Gambia.
In today's day and age, there are a lot of ways to send money from one place to another. Some are safer, while some are faster than others. ACE money transfer is ranked one of the safest and quickest ways to transfer money. The following are the major ways of sending money to the Gambia.
In the Gambia, people with no bank account can collect money sent to them by their foreign loved ones through ACE Money Transfer’s payout locations. Yonna Forex is a renowned financial institution and ACE’s partner service where people can receive money sent to them from abroad through ACE Money Transfer.
One safest way to transfer money to the Gambia is through a bank account.
You can send money from one account to another through ACE Money Transfer.
The virtual wallet is one of the easiest ways to send money domestically and internationally. ACE Money Transfer constantly enhances the client experience and meets its future obligations.
Sending money to the Gambia through a mobile wallet is one of the easiest ways. All you have to do is make an account, select a mobile wallet, enter the receiver's phone number, and that's it. The receiver will get the money in his mobile wallet.
Transferring money from one bank account to another is safe, but sometimes it is unreasonably expensive; with ACE mobile transfer, your first transaction is free. The only thing you need to do is make an account and start sending money,
Even after the first transaction, ACE Money Transfer is still one of the safest and most inexpensive services.
ACE Money Transfer has made money transferring easy with the help and use of the latest technology. ACE aims to create a simple and better user interface so everybody can easily use their services. It is also one of the safest ways to send remittances. ACE Money Transfer has services in over 100 countries connecting billions of people. To send money to the Gambia, if you use ACE, your money will be sent to the recipient safely and in seconds.
Just by using your fingertips, you can make an instant, secure, and economical online money transfer to Gambia from overseas; all you've got to do is make an account with ACE Money Transfer. Not only is it the fastest, but it is also the safest money-transferring app to use. So, why are you waiting? Start using ACE’s services to benefit from the technological, regulated, secure, and most affordable remittance experience.
