By Q4 2023, the global average cost of sending $200 in remittances hovered at 6.4%, more than double the UN's SDG target of 3% for remittance costs. Digital channels trimmed that to just 4.96%, compared to 7.0% via non-digital methods. Globally, remittance flows climbed 4.6% from $865 billion in 2023 to $905 billion in 2024, underscoring migrants' vital economic role worldwide. In low- and middle-income countries, remittances reached $656 billion in 2023, surpassing both foreign direct investment and official development assistance.

Team Bitwage

Sep 3, 2025

General

Bitwage now supports Indian Rupee (INR) payouts for individuals and employees in India, making payroll simpler and faster.

Team Bitwage

Aug 26, 2025

General

Transform time zone challenges into competitive advantage. Learn async-first strategies, overlap windows, follow-the-sun handoffs, and wellbeing guardrails for distributed teams

Team Bitwage

Aug 26, 2025

General