The Remittance Marketplace in 2019: The Growing Role of Digital Payments, by Manuel Orozco , Kthryn Klass and Nicole Ledesma

KEY FINDINGS INCLUDE:

• Digital or online-based remittance transactions represent at least thirty percent of all transfers to major countries.
• Transfers (online or offline) deposited into the home country relative’s bank accounts represent at least twenty percent of all transfers.
• Mobile wallets allow for capturing funds among unbanked individuals, including the remittance transfers they receive.
• Money transfer operators continue to offer the lowest transaction cost compared to other types or remittance service providers.
• Average transfer costs for sending USD $200 have remained stable at six percent.
• There is not a single factor that predominantly explains money transfer costs.

EN: https://www.thedialogue.org/analysis/the-remittance-marketplace-in-2019-the-growing-role-of-digital-payments/