In 2021, people and businesses around the world lost £187 billions due to hidden inflated exchange rates. According to the World Bank, “the single most important factor leading to high remittance prices is a lack of transparency in the market.”

Reducing remittance costs to 3% by 2030 is a global target under the United Nation’s Sustainable Development Goal (SDG) 10.C. We have a long way to go and we need the Government to step in and ban hidden fees.