Transferring Foreign Cash Is Cheaper On Phones. So Why Isn’t It More Popular?
Mobile remittance channels are among the cheapest in the world and yet account for only a small portion of the total transaction volume. Finder’s Elizabeth Barry explores why this is and the barriers to using a mobile remittance provider. Despite economic uncertainties and the changing nature of global migration since 2020, remittances remain an important part of life for both individuals and businesses. People must send money to their families. Digital nomads need to manage expenses. Businesses need to accept payments and pay international invoices, and the list goes on. Q4 2022 hedge fund le...