REMITR invited to World Bank Panel: 5 Trends Affecting The Remittance Industry

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REMITR invited to World Bank Panel: 5 Trends Affecting The Remittance Industry

The Sustainable Development Goals of the World Bank have included reduction in cost of remittances as one of the key goals for global development. Goal 10 includes reducing the average cost of sending money from the current average of 7.4 percent of the sum being transferred, to below 3 percent.

Remitr CEO & Cofounder Kanchan Kumar was invited to participate in a panel discussion to talk about how technology based solutions like Remitr can help reduce the cost of remittance and further the global goal of cost reduction in remittances.

The complete report on the panel discussion by Global Development Community Devex is available here.

Remitr is the better alternative to cheques, bank visits and wire transfers (they all suck). The Remitr Global Network allows fast, often 1-day, business payments worldwide. Remitr also offers businesses a free Global Business Account for receiving online sales payouts in USD, GBP and EUR – all without the bank fees or the delays.

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