India's 3% Remittance Target Could Save Migrant Workers $5B a Year
Commerce Secretary Rajesh Agrawal says cutting India's remittance costs from 5-6% to 3% would save migrant workers $5 billion annually, positioning UPI and data-driven credit as exportable fintech infrastructure. The pitch implies fee compression for legacy transfer providers and a growth runway for Indian payment rails across Asia, Africa, and Latin America.
Source: nigeriasun.com · irishsun.com