Capitec launches low-cost cross-border transfers

Capitec launches low-cost cross-border transfers

SOUTH Africa is home to one of the most expensive remittance corridors in the world. According to the World Bank, it costs nearly 12% to send just $200 abroad, making it the most expensive G20 country for outbound money transfers. These steep costs are borne largely by low- and middle-income earners, who make up more...