Remittances’ cash premium revealed to hit vulnerable customers the hardest
· New data from FXC Intelligence shows that cash pay-outs are consistently more expensive than those to bank accounts – an issue that is likely to be felt most harshly by vulnerable customers. · Using FXC Intelligence’s FX pricing dataset, it was calculated that sending $500 from the US cost on average an extra $5.55 in March to send if paying out in cash instead of paying into the recipient's bank account.Today, FXC Intelligence published a report