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Co-op bank eyes diaspora market as remittances increase

As economies around the world continue to reel from the effects of the COVID-19 coronavirus pandemic, global remittances have emerged as a saving lifeline for millions of residents in low-income countries.

In Kenya, diaspora remittances have traditionally been a key source of income for many citizens with recent statistics indicating a spike in inflows in the wake of the economic disruption from COVID-19.

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