Calls for Australia to use G20 presidency to cut remittance costs


Foreign workers in Australia send around $4.5 billion each year to friends and family living in Asia and the Pacific, with banks and money transfer companies pocketing around $450 million.

Money sent home to relatives often helps the poorest people to access food, education for their children and medical treatment.

via Calls for Australia to use G20 presidency to cut remittance costs – Yahoo!7.