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.