RBA Underlines High Cost of Cross-Border Transfers via Big Banks

The average mark-up over the wholesale exchange rate is around 5.5% for the major banks, versus about 1% for the digital money transfer services, said RBA governor Philip Lowe.

To continue reading...


Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select subscribe below to view our subscription packages or you can email us at [email protected] to discuss your options.


Request a Trial

Get in touch today to discuss a trial giving you unrestricted and unlimited access to Regulation Asia for you and/or your team(s) for a limited period. Email us at [email protected]

To Top
Share via
Copy link
Powered by Social Snap