Remittance corridor

A remittance corridor is the specific sending-country-to-receiving-country pathway a cross-border transfer travels through — United States to Mexico, for example, or United States to the Dominican Republic. Cost, speed, and which payout methods are available (cash pickup, bank deposit, or digital wallet) all vary by corridor, because each route depends on its own mix of licensed providers, banking relationships, and payout infrastructure; a provider that serves one corridor well still has to build a separate network before it can serve another. The World Bank’s Remittance Prices Worldwide database tracks an average total cost to send for hundreds of these corridor pairs, and the Bank for International Settlements coordinates cost and speed targets corridor by corridor, because a single global figure would hide how much price depends on the specific route. United States to Mexico is one of the largest corridors in the world by dollar volume.

See also: What is a remittance corridor? for the full explainer on how a corridor’s endpoints shape cost, speed, and payout options.