Consumers expect to be able to send money to family and friends anywhere and anytime. The post-COVID global remittance market is booming, with even greater growth expected over the next five years.
However, the cost of cross-border remittances remains high at approximately $13.22 per every $200 international transfer. International payments typically require multiple stops across multiple networks, slowing down money movement.
Now, there’s a smarter way to send, with digital remittances. TabaPay is leading the way for digital remittances and cross-border payouts with the help of Visa Direct and other payment network partners.
Saving an average of 36% on each transaction, digital remittances allow your customers to seamlessly receive funds directly to their accounts using their debit cards or banking credentials.
Learn more on how TabaPay can help with your digital remittance use cases on our website
Check out our overview video on digital remittances with TabaPay
