- The top 5 remittance sending countries are USA, Saudi Arabia, UAE, UK and Germany
- The top 5 sending countries account for 44% of the $583 B remittance market. The USA leads the market with nearly 3X the remittance volume as the next biggest country, Saudi Arabia.
- The top 5 remittance receiving countries are India, China, Philippines, Mexico and Nigeria
- The most valuable corridors are USA to Mexico ($24.4B), USA to China ($16.4B) and UAE to India ($12.6B), while the average global cost of sending remittances is 7.7%
- By Rebecca Jacob