Remittances are essential to economies in mountainous regions that face massive labour migration due to limited income generation and employment opportunities. In 2021, the share of remittances to GDP in the top 10 mountainous economies in the world was over 20%. Nonetheless, most are characterized by relatively lower GDP per capita and high poverty levels. Drawing a comparison with other mountainous areas, Phuthadjthaba, an emerging mountainous and border city of South Africa with Lesotho, faces similar out-migration and inferior socio-economic parameters. A global systematic literature review on the impact of remittances on livelihoods specifically targeting mountainous areas is missing. We, therefore, interrogate the role remittances can play in Phuthadijthaba. To inform our intended research, we seek to draw lessons from evidence on how migration and remittances affect mountainous communities globally. Accordingly, we carry out a systematic literature review (SLR) based on an updated Preferred Reporting Item for Systematic Reviews and Meta-Analysis (PRISMA) 2020 statement supported by Bibliometric (co-word) Analysis (BA) in VOSViewer. We collected data from Scopus and Dimensions websites and drew 165 publications, of which only 88 were included after exclusion and inclusion assessments. PRISMA results show that Mountain Research and Development, King Russell, and Nepal is the most productive and cited journal, the most productive and cited author, and the most researched country, respectively. Bibliometric analysis on keyword co-occurrences reveals women, agriculture, labour migration, land management, forest, and poverty, to be the research hotspots. In light of these findings, we proffer important recommendations to future researchers and policymakers.