News

Pacific remittance costs coming down but new threat looms

Tuvalu

Pacific remittance costs coming down but new threat looms Each year Pacific Islanders living in Australia and New Zealand send millions of dollars home to relatives and it can be a costly business. Pacific remittance costs coming down but new threat looms (Credit: ABC).

In 2009, the Australian and New Zealand governments set up SendMoneyPacific, a website which allows people to compare the money transfer charges made by banks and other money transfer organisations.

Latest figures collected by Developing Markets Associates, the company that manages the website, show costs have come down significantly.

Presenter: Jemima Garrett Guest: Jonathan Capal, Asia Pacific Manager at Developing Markets Associates

Source: http://www.radioaustralia.net.au/international/radio/program/pacific-beat/pacific-remittance-costs-coming-down-but-new-threat-looms/1278724?autoplay=1278780

Back to News