FILE PHOTO: A woman who makes change for large bank notes sits beside stacks of Indonesian Rupiah notes in a street in Jakarta, Indonesia April 27, 2018. REUTERS/Willy Kurniawan/File Photo
WHAT’s the first thing that comes to mind when someone mentions "remittance”? Expatriates sending money home. Second? Lousy exchange rates.
While exorbitant currency spreads and hefty bank charges are the norm for payments that cross national borders, the impression that they mostly affect individuals is wrong.
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