Digital remittances and the power of choice

Chad Harper, global payments fellow of Visa Economic Empowerment Institute, joins Katie-Ann Wilson, managing director of OMFIF’s Digital Monetary Institute, to discuss the VEEI’s new research on the importance of choice and trade-offs when looking at digital remittances. They discuss key trends in the global costs of remittances as well as the progress that is being made towards the G20 targets. They also touch on the pandemic’s impact on remittances and what more the public and private sector can do to promote choice and transparency. The power of choice: Options and trade-offs for digital remittances Further reading from the Visa Economic Empowerment Institute: Let’s give a voice to end users: Cross-border payments, attributes, and use cases The economic empowerment of digital remittances: How to unlock the benefits of innovation and competition