Remittances Are the Largest Foreign-Exchange Engine Nobody Funds
Money sent home by migrant workers dwarfs foreign aid and rivals FDI — and it is finally getting cheaper to send.
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The $800 billion invisible industry
Remittance flows to low- and middle-income countries now exceed foreign direct investment in many markets. The senders are the underserved customers of the global economy.
Real-time rails, stablecoins and mobile-money interoperability are pushing the average cost from 6% toward the 3% UN target — a transfer of billions back to sender families.
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