High Cost, Waiting Time Associated With Remittances Big Concern Among Malaysians, Survey Shows

Source: New Straits Times

A whopping 50 percent of Malaysians find the high cost associated with remittances to be a challenge, with almost half, or 48 percent, reducing the amount sent and more than one-third (35 percent) completely giving up on sending a remittance.

These findings were from a survey commissioned by global technology company TransferWise, a London-based online money transfer service, to better understand how the COVID-19 pandemic has affected the remittance habits of those living in Malaysia.