Top 25 countries with highest remittance costs in the world as of Q3 2023
The most expensive countries in the world to send remittances to largely consisted of countries in Sub-Saharan Africa as of the third quarter of 2023. This is according to an average taken from different situation in which consumers send money worth 200 U.S. dollars from one country to the next - including cash, MTOs (money transfer organizations) or cards. The source adds that incoming remittances were estimated at 6.39 percent on average for the G20 countries during this timeframe.
