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Remittances: Fees and Charges

Asked by Preet Kaur GillLabour (Co-op)Foreign, Commonwealth and Development OfficeTabled Answered 30 January 2025UIN 25731

The question

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will take steps to reduce transfer fees on family remittances.

Answered by Anneliese Dodds

The Foreign, Commonwealth and Development Office (FCDO) co-convene, with Save the Children, a UK-based Remittances Working Group which works with key partners including remittance service providers, diaspora communities, NGOs, and other UK government departments to seek solutions that can drive down costs associated with sending and receiving remittances. The FCDO also supports a remittances project trialling new ways to reduce remittance transfer fees for individuals, working with East African diaspora members in the UK who are sending money back to Kenya.

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