Jun 13, 2025
Tanzania Has the Highest Costs for Cross-Border Payments π°

Key Takeaways
- Workers often pay high costs to send money across borders due to limited competition, poor price visibility, and, in some cases, underdeveloped payment systems.
- Tanzania has the highest average cost of $115 on a $200 remittance.
- Seven of the 15 most expensive countries for sending remittances are in Africa.