Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
How Emerging Markets Are Rewriting the Remittance Playbook
Episode 71 dives into the quiet revolution in cross-border payments that is reshaping emerging economies. With the dollar at 120.4 on the trade-weighted index and the yen sliding past 161 per dollar, migrant workers sending money home are losing value fast. But new digital corridors—India's UPI-linked remittance rails, Kenya's M-Pesa partnerships with Middle Eastern banks, and blockchain-based stablecoin transfers in Latin America—are slashing costs from 7 percent to under 2 percent. Lucas unpacks how the Philippines alone saved $200 million in fees last year by switching to digital…
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