Remittance fees of Remitly were the highest in the first quarter of 2024. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Mexico. Typically, the fees of money transfer organizations - MTOs - such as Western Union were below those from banks.
Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico 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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World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico 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 19, 2024, from https://www.statista.com/statistics/1473672/cost-sending-low-value-remittances-to-mexico-by-brand/
World Bank (Remittance Prices Worldwide), und Statista, und FXC Intelligence. "Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico 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 19, 2024. https://www.statista.com/statistics/1473672/cost-sending-low-value-remittances-to-mexico-by-brand/
World Bank (Remittance Prices Worldwide), Statista, FXC Intelligence. (2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico 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 19, 2024. https://www.statista.com/statistics/1473672/cost-sending-low-value-remittances-to-mexico-by-brand/
World Bank (Remittance Prices Worldwide), and Statista, and FXC Intelligence. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances towards Mexico 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/1473672/cost-sending-low-value-remittances-to-mexico-by-brand/
World Bank (Remittance Prices Worldwide) & Statista & FXC Intelligence, Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico 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/1473672/cost-sending-low-value-remittances-to-mexico-by-brand/ (last visited December 19, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico as of 1st quarter of 2024, among the most used brands used by the rest of the world towards the country [Graph], World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1473672/cost-sending-low-value-remittances-to-mexico-by-brand/
