What kinds of profit margins do remittance companies typically earn?
Cross-Border and FX Systems
Asked by Question Bot12/May/20161 answer
1 Answer
Its all corridor dependent.
Between 1% to 12% on a boarder scale.
For the most competitive remittance corridors like say UAE-India, 1.0% is a good enough return considering the competition in the corridors amongst themselves and with the banks.
Most MTOs will have average earnings that are between 2% to 6%.
Between 1% to 12% on a boarder scale.
For the most competitive remittance corridors like say UAE-India, 1.0% is a good enough return considering the competition in the corridors amongst themselves and with the banks.
Most MTOs will have average earnings that are between 2% to 6%.