Remittance fees from Western Union were nearly 3.5 percentage points higher than those from Walmart2World. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Colombia. Typically, the fees of money transfer organizations - MTOs - such as Western Union were above those from banks. No figures were available on post office fees for remittances towards Colombia.
Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country
Characteristic
Costs of sending 200 U.S. dollars to this country, as proportion of remittance value received
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FXC Intelligence, & World Bank (Remittance Prices Worldwide), & Statista. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/
FXC Intelligence, und World Bank (Remittance Prices Worldwide), und Statista. "Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country." Chart. July 6, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/
FXC Intelligence, World Bank (Remittance Prices Worldwide), Statista. (2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/
FXC Intelligence, and World Bank (Remittance Prices Worldwide), and Statista. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances towards Colombia as of 1st Quarter of 2024, among The Most Used Brands Used by The Rest of The World towards The Country." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/
FXC Intelligence & World Bank (Remittance Prices Worldwide) & Statista, Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country Statista, https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/ (last visited December 22, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country [Graph], FXC Intelligence, & World Bank (Remittance Prices Worldwide), & Statista, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/
