This metric represents the mean transaction fee, expressed as a percentage of the total remittance amount, specifically when sending USD 200 from a designated country. It aggregates the service charges imposed by various remittance service providers (RSPs) cataloged in the Remittance Prices Worldwide (RPW) database. By analyzing these costs, this indicator not only highlights the financial burden on individuals transferring money home but also reflects the competitive landscape of remittance services available in that country. Additionally, trends in this percentage can inform policymakers and stakeholders about the effectiveness of regulatory measures aimed at reducing transaction fees and enhancing financial inclusion for migrants and their families.
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