APAC transfer take rate sinks to 2.4% despite $0.62t flows

Africa posts highest regional charge at 5.5%, followed by Latin America and the Caribbean.

Asia-Pacific (APAC) is the largest region for cross-border consumer-to-consumer money transfers, with flows expected to reach $620b in 2025, equal to 30% of the global total.

APAC is also the biggest recipient of cross-border consumer transfers, receiving $926b in 2025, according to FXC Intelligence data.

A large share of this comes from corridors linking the Middle East to APAC, including transfers from Gulf countries to India, Bangladesh and Pakistan.

Globally, cross-border consumer transfers are expected to grow from $2.1t in 2025 to $3.3t in 2033. 

The market is forecast to grow at a compound annual growth rate of 5.8% between 2025 and 2033, after expanding at 7.6% a year between 2017 and 2025.

The figures cover person-to-person payments, including migrant remittances and higher-value consumer transfers.

APAC is followed by Europe, with $0.54t in flows in 2025, equal to 26% of the global total. The Middle East accounts for $0.47t, or 22%, whilst North America accounts for $0.36t, or 17%.

Revenue from cross-border consumer transfers is expected to total $64b in 2025. 

The Middle East is the largest revenue contributor, with $16.6b, or 26% of the total. APAC contributes $14.7b, followed by Europe at $13.9b and North America at $13.7b.

Take rates differ by region. APAC has one of the lowest take rates, at 2.4%, whilst Europe stands at 2.6%. 

Africa has the highest rate at 5.5%, followed by Latin America and the Caribbean at 4.8%. North America records a take rate of 3.8%, whilst the Middle East stands at 3.5%.

Inter-regional corridors account for about 60% of all cross-border consumer transfer flows. 

The Middle East to APAC is the largest inter-regional corridor. North America to Latin America is the second-largest corridor, driven largely by transfers from the US to Mexico.

Intra-regional transfers account for about 40% of total flows. APAC is the largest source of this activity, with $394b in same-region flows in 2025. Europe follows with $287b.