Remittances: the huge cost to Africa in money transfer fees | Overseas Development Institute (ODI)

Weak competition, concentration of market power and flawed financial regulation all contribute to high remittance charges. Just two money transfer operators (MTOs) – Western Union and MoneyGram – account for two-thirds of remittance transfers. Why is the world’s poorest region paying the world’s highest money transfer fees? ODI has taken this issue up with African …

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