Receiving country · World Bank RPW · CV
Send money to Cape Verde
Annual WDI inflows land in the lower fleet tercile ($0.4B) - a thin receive book relative to larger RPW destinations.
- 6.2%
- Avg inbound cost
- 3.2%
- Cheapest · from Portugal
- $0.4B
- Received per year
- 2
- Source corridors
WDI-inflow tercile vs fleet
Cape Verde pulls in $0.4B a year, lower fleet tercile (below ~$1.5B), ranking #48 of 53 by WDI inflow. Average inbound cost is 6.2%.
- #48 of 53
- WDI inflow corpus rank
- 6.2%
- average inbound cost
- 3.2%
- cheapest source: Portugal
- $0.4B
- received annually
Inbound cost bands to Cape Verde
2 source corridors counted once by recorded average cost on a $200 send. The four bands sum to 2.
HIGH High-fee 5–8% lane · country average 6.2%
Cheapest Ways to Send Money to Cape Verde
All Corridors to Cape Verde
| # | From | Avg cost | Cheapest | Cheapest provider |
|---|---|---|---|---|
| 1 | Portugal | 3.5% | 3.2% | Ria |
| 2 | United States | 8.8% | 4.2% | Walmart2World |
Thin remittance inflows into Cape Verde
Cape Verde pulls in about $0.4B a year (lower inflow tercile, below ~$1.5B) across 2 RPW source corridors at 6.16% average inbound cost.
The three cheapest inbound corridors to Cape Verde right now are from Portugal at 3.24% via Ria, United States at 4.22% via Walmart2World. These are floor prices on a $200 transfer into Cape Verde, fee plus FX margin.
For senders pointing money toward Cape Verde, compare the cheapest provider on the specific corridor rather than defaulting to a household brand.
About Cape Verde inbound data
PlainRemit compares international money-transfer costs across tracked corridors so you can see which routes and providers charge the least before you send money abroad. This country's figures are computed directly from the World Bank Remittance Prices Worldwide (RPW) quarterly survey, a mystery-shopping panel of actual transfer quotes for a standardized $200 transfer. The UN Sustainable Development Goal 10.c target is to reduce remittance transaction costs to below 3% by 2030; always verify current rates directly with providers before sending money, rates change frequently.
Average inbound cost 6.16%; 2 source corridors tracked to Cape Verde; vintage 2026-08-10.
Frequently Asked Questions
How much money is sent to Cape Verde each year?
Cape Verde receives about $0.4B a year - lower inflow tercile - from 2 RPW source countries at 6.16% average inbound cost.
What is the cheapest way to receive money in Cape Verde?
On World Bank RPW $200 sends, the cheapest inbound floors into Cape Verde are from Portugal, United States, as low as 3.24%. Country average inbound cost is 6.16%.
How have remittance costs to Cape Verde changed over time?
RPW has tracked transfer costs to Cape Verde since 2011. The current average inbound cost is 6.16% versus a ~6.4% global RPW average; UN SDG 10.c targets ≤3% by 2030.
Where does Cape Verde sit among remittance-receiving countries?
According to World Bank WDI remittance inflows among 53 tracked receiving countries on PlainRemit, Cape Verde ranks #48 of 53 by annual dollars received. /send-to browses alphabetically; this inflow ordinal matches the largest-receivers research ranking.