A money changer in the financial district in Singapore on June 9, 2017. Photo: AFP
Maxine Ryan
Opinion

Opinion

Maxine Ryan

The age of ‘bankless’ global money transfer dawns as blockchain technology sounds the death knell of money changers

  • Global remittances to developing countries rose to US$466 billion in 2017
  • Average fee on a US$200 transfer was 7.45 per cent, excluding additional fees hidden in the exchange rate

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A money changer in the financial district in Singapore on June 9, 2017. Photo: AFP
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