Remittance rivalry cuts cost of sending money

08 November 2015 - 02:00

Competition is hotting up among companies that send money across South African borders for clients - and is expected to cut fees for remittances to below the global average of 7.52% of the amount sent. South Africa and the sub-Saharan region are among the most expensive places globally to send money to and from, according to a World Bank report published last month.

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