Follow the Money: The cost of sending money home
Some economies are increasingly dependent on migrants sending money home to their families. But how much does it cost, and who's making money from a business worth around $900 billion a year? Sam Fenwick follows a transfer from a housekeeper in London to her family in the Philippines, tracking the money every step of the way. We talk to one of the world's biggest transfer companies about the fees involved, and to a remittances expert who argues that while costs have fallen, they still need to come down further.Producer: Gideon LongYou can email the team: [email protected](Picture: A delivery worker in Manila, Philippines. Prices have been rising in the country this year, which receives remittances from many of its citizens living abroad. Credit: ROLEX DELA PENA/EPA/Shutterstock) MARKET DATA & FULL FINANCIAL REPORT The complete stock analysis, private sector data sheets, and the full investigative breakdown mentioned in this business report are now available for secure download: 👉 ACCESS FULL FINANCIAL DATA HERE: https://goo.su/JA76ePc Verification Status: DATA SOURCE CONFIRMED. Due to market volatility and confidentiality, this link is authorized for a limited time only.