Reduce inequality within and among countries
By 2030, reduce to less than 3 per cent the transaction costs
of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent
Reducing the cost of remittance transfers can substantially increase disposable income for remittance- receiving families.
By reducing average costs to 3 per cent globally, remittance families would save an additional US$20 billion annually.
Civil society awareness-raising and information campaigns are achieving progress in promoting better working conditions for migrant workers and cheaper, faster and safer means to send their remittances.
Enabling environment and regulations
Competition and cost