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How technology is lowering the cost of remittances
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How technology is lowering the cost of remittances
As more and more people become reliant on cross-border payments, technology is playing an important role in cutting costs. In 2011, the G20 announced it would be prioritising reducing the cost of remittances, aiming to bring the average cost of sending a £150 remittance below 3% by 2030 while also targeting no remittance corridor to cost more than 5%. Since announcing these goals, cross-border transfers have become even more essential, with mil…
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