Remittance costs in Southeast Asia as of Q3 2023, by country
Sending remittances to Myanmar and the Philippines was significantly cheaper than to Cambodia, as of the first quarter of 2023. This is according to an average taken from different situation in which consumers send money worth 200 U.S. dollars from one country to the next - including cash, MTOs (money transfer organizations) or cards. The source adds that incoming remittances were estimated at 6.39 percent on average for the G20 countries during this timeframe.
