Tanzania Has the Highest Costs for Cross-Border Payments 💰 - Voronoi
Jun 13, 2025
Tanzania Has the Highest Costs for Cross-Border Payments 💰
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.
