World Bank data from 2023 shows the average remittance fees for four Pacific countries: Fiji (3.22%), Samoa (4.59%), Tonga (4.10%), and Vanuatu (9.49%). This brings the Pacific’s average remittance fee to 5.35%, meaning that for every transfer, 5.35% of the sent amount is lost to fees.
Average fees per remittance transactions in the Pacific
About the Project
Start and End Date
January
2021
-
Not Available
Geographical Focus
Pacific Region
Main Beneficiary
Government and Private Sector
Status
Active
Budget ($)
Donors
N/a
Implementing Agency
N/a
Policy Area
PA5. Electronic Payment Solutions
Strategic Output
5.1. Non-bank digital payment solutions for E-commerce are deployed across the Pacific.
Measures
5.1.4 Promote the use of fintech-based solutions for transferring remittances
