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Money Travels: 2024 Digital Remittances Adoption Report
The Money Travels: 2024 Digital Remittances Adoption study examines how consumers send money abroad, diving into the rates, methods and reasons for sending and receiving these lifeline payments.
A global perspective
Remittances – a lifeline for millions around the world
Remittances are human to human transactions and act as a lifeline for many families in countries on every continent. In low- and middle-income countries they grew an estimated 3.8% in the past year² to reach a staggering $669 billion in 2023.
Visa’s Money Travels: 2024 Digital Remittances Adoption Report survey looks at some of the progress, and challenges, that exist today.
Stay up to date on the latest in remittances
The human impact of cross-border remittances
How digital inclusion can alleviate global poverty — and what policymakers can do to help.
Digital remittances can make a difference in migrant lives
New Visa Economic Empowerment Institute (VEEI) study finds digital remittances are making remittances faster and cheaper for migrant workers and offers recommendations for continuing this progress.
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- The Money Travels: 2024 Annual Remittances Adoption Report surveyed 43,789 remittance users across North and Latin America, Europe, the Middle East and Asia Pacific.
- The World Bank. (December 18, 2023). Remittance Flows Continue to Grow in 2023 Albeit at Slower Pace [Press release].