The study explores the factors influencing remittances, focusing on costs and analysing how transaction methods and economic conditions in sending and receiving nations affect remittance flows. It highlights the role of digital financial systems in lowering remittance fees, showcasing the cost benefits of digital channels over traditional methods. The findings demonstrate that digital platforms reduce transaction expenses and improve accessibility and efficiency in fund transfers. The research underscores the need to enhance competition among service providers and capitalise on technological innovations to achieve further cost reductions. Stable economic conditions in both host and home countries are deemed essential for optimising remittance flows and their developmental benefits. Policymakers are encouraged to prioritise digital adoption and promote market competition through regulatory and structural obstacles to ensure widespread access to affordable remittance services. These initiatives are particularly crucial for regions that heavily rely on remittances for economic growth and development.