Manila Times Business
One in 3 Recipients Struggle to Pay for Essentials Due to 'Friction Tax' in Fragmented Global Payment Rails
New data from Thunes and Juniper Research reveals a brutal global payments fragmentation deadlock: 82% of remittance-dependent users face issues due to delays or hidden fees SINGAPORE, June 16, 2026 /PRNewswire/ -- Fragmented global payment systems are driving financial exclusion, hitting the world's most vulnerable people with a 'friction tax' of high fees and delays. According to The Thunes Cross-border Payments Interoperability Index, produced in conjunction with Juniper Research, one in thre
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