, Sept. 6 -- Bangladesh loses approximately $1.48 billion (TK 162 billion) each year in remittance outflows due to high transfer fees, hidden charges and unfavorable exchange rates, according to estimates shared by international fintech company NALA.

The figure represents 2.025% of the national budget and 0.33% of the country's GDP.

The data was revealed at a special "Meet the Press" event organised by international fintech company and money transfer app NALA to highlight its operations and future plans in Bangladesh, held at a hotel in Dhaka on Saturday.

Global remittances stood at nearly $905 billion in 2024. However, an estimated $57 billion was lost worldwide due to high fees, hidden charges, and unfavorable exchange rates.

When s...