Visa's Money Travels: 2023 Digital Remittances Adoption
March 24, 2023
To sum up the survey findings in a few short takeaways:
• Digital remittances are the preferred method amongst surveyed consumers across all surveyed countries.
• Adoption of app-based digital payments is high, with low barriers to usage.
• Remitter pain points include — but are not limited to — high fees and issues with calculating exchange rates.
• App-based digital payments are considered the most secure method by a strong proportion of remittance users across countries.
• Rates of sending and receiving remittances vary widely by country.
• Sending more money, more often, is easier than ever.
Continue reading to further explore the rise of digital remittances, the tales behind these payments and how consumers see the future of money travels as digital.