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 Fin Tech Potential for Cost Reduction in Remittance Market: Ken Research   Finance & Investment Introduction: The global remittance market is worth over USD 600 Billion as of 2017 and is expected to be worth over USD 6 Trillion by 2030 based on information revealed through various Remittance Industry Market Research Reports. The growing requirement for remittance services, especially to facilitate economies in low and middle income nations is a top priority for financial service providers across the globe. Despite the increasing importance given to remittance transactions, there have been barely any measures working to curb the cost incurred for remittance based services with the remittance cost globally being around 7.3% against the targeted 5% globally. While there has been major cost reduction in selective regions with Russia having a remittance charge of about 1.7% and countries like Mexico and India having less than 6%, the major issue is for poor economic zones, primarily lo