Remittance fees from Western Union were nearly four 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. Remitting towards Colombia incurred an average cost of roughly 6.1 percent over the course of 2023. 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 3rd quarter of 2023, among the 10 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
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
FXC Intelligence, & World Bank (Remittance Prices Worldwide), & Statista. (January 11, 2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 3rd quarter of 2023, among the 10 most used brands used by the rest of the world towards the country [Graph]. In Statista. Retrieved July 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 3rd quarter of 2023, among the 10 most used brands used by the rest of the world towards the country." Chart. January 11, 2024. Statista. Accessed July 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 3rd quarter of 2023, among the 10 most used brands used by the rest of the world towards the country. Statista. Statista Inc.. Accessed: July 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 3rd Quarter of 2023, among The 10 Most Used Brands Used by The Rest of The World towards The Country." Statista, Statista Inc., 11 Jan 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 3rd quarter of 2023, among the 10 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 July 22, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances towards Colombia as of 3rd quarter of 2023, among the 10 most used brands used by the rest of the world towards the country [Graph], FXC Intelligence, & World Bank (Remittance Prices Worldwide), & Statista, January 11, 2024. [Online]. Available: https://www.statista.com/statistics/1455052/cost-sending-low-value-remittances-to-colombia-by-brand/