Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
How Emerging Market Remittances Are Going Digital
In 2025, remittances to low- and middle-income countries hit an estimated $685 billion, surpassing foreign direct investment for the first time. This episode drills into how digital payment platforms like M-Pesa in Kenya, GCash in the Philippines, and Wave in Senegal are slashing transfer costs from 7% to under 2%, and what that means for financial inclusion and economic stability. Lucas and Luna explore why the World Bank's 3% target for remittance fees remains elusive, how blockchain-based corridors are gaining traction, and the role of central bank digital currencies in reducing…
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