2023年第二季全球汇款成本报告（英）-30页_2mb

Summary of Remittance Prices Worldwide, June 2023 Issue

Overview

The World Bank's "Remittance Prices Worldwide" (RPW) report for Q2 2023 analyzes global remittance costs. Launched in 2008, it monitors 367 corridors across 48 sending and 105 receiving countries, tracking four service provider types: banks, money transfer operators (MTOs), mobile operators, and post offices. The 46th issue highlights trends from data collected in June 2023, noting that costs have declined significantly since Q1 2009 due to digital innovation and policy efforts.

Key Findings

• Global Average Cost: Decreased to 6.20% in Q2 2023, down from 6.25% in Q1 2023 and below 7.00% since Q1 2019. This represents a cumulative decline of 3.47 percentage points.
• International MTO Index: Increased to 6.46%, up from 6.37% in Q1 2023, marking a yearly increase of 0.29 percentage points.
• Global Weighted Average: Dropped to 4.53%, remaining below 5.00% since Q4 2020 and showing a decrease of approximately 0.65 percentage points over the past five years.
• SmaRT Average: Registered at 3.55%, up from 3.47% in Q1 2023. This smart target reflects costs achievable with complete information and competition, covering services in 351 corridors (excluding those from Russia and Nigeria). Notably, 24 corridors lack any SmaRT qualifying services, predominantly in Sub-Saharan Africa.
• Digital vs. Non-Digital: Digital remittances average 4.60%, down from 4.72% in Q1 2023, while non-digital cost 6.89%. Digital services account for 30% of tracked services, with mobile money being the lowest cost instrument at 4.40%.
• Regional Insights:
  • Cheapest Receiving Region: South Asia at 4.31%.
  • Most Expensive Receiving Region: Sub-Saharan Africa at 7.92%.
  • G20 Countries: Sending costs increased slightly to 6.43% for $200 remittances; South Africa is the costliest sending country and most expensive destination, charged at 13.90% and 6.73% respectively.
  • Global Distribution: 38% of corridors have costs under 5%, up from 17% in 2009.
• Service Providers: Banks are the most expensive at 12.09%, while MTOs and mobile operators remain below average. Mobile operators lead in affordability but have a small sample size.
• Data Limitations: Excludes corridors originating from Russia due to the ongoing Ukraine invasion and data collection challenges. Methodology changes ensure data quality and relevance, with new services monitored via a prospects index.
• Trends: Digital and cashless services continue to drive cost reductions, though cash remains higher-cost. Over two decades, average global costs have fallen roughly 3.47 percentage points from 2009 levels.

Recommendations and Goals

• Alignment with UN SDG 10.c targets for 3% global average by 2030 and 5% or less in all corridors. Current progress shows 71% of corridors meet the sub-target. Ongoing monitoring supports global partnerships to further reduce remittance costs.