May 12 - 2:20 Minutes
May 8 - 2:40 Minutes
May 4 - 3:12 Minutes
Apr 29 - 3:00 Minutes
Apr 29 - 3:00 Minutes
The World Bank stated that remittance is a vital source to support finance directly. The remittance has a positive consequence on the prosperity of migrant families and the development of their homeland.
May 27- 2:10 Minutes
Digital payment technologies have evolved tremendously over the past few years. It has proved to be successful in this pandemic and turned the tables on how to do business. A recent survey reveals that 60% of consumers will be using digital and cashless payments due to growing health concerns.
May 21- 2:30 Minutes
Going digital has become a natural trend across most industries, and Remittance is no exception. It brings both opportunities and threats to existing business models. On the one hand, the agent network stands to lose out.
May 20- 2:10 Minutes
Remittances reached a record of $554 billion in 2019 by overtaking foreign direct investment (FDI) flows to low and middle-income countries(LMICS). Therefore, remittances have proved to be larger and more stable than FDI in India, oil exports in Mexico, and tourism in Egypt, Nepal, and Tunisia.
May 19- 2:30 Minutes
The COVID-19 pandemic has placed unprecedented restrictions on all economic activity, triggering a global crisis worldwide. Remittances to developing countries are falling sharply as a result.
May 17- 4:30 Minutes
Mobile technology is one of the most exciting forces shaping how people send and receive international remittances today. Around the world, people are shifting from traditional channels to their mobile phones.
May 12- 2:20 Minutes
United Nations considers remittance as a connection between migration and economic development for remittance-receiving Countries. In 2018, remittances received by Thirty Countries altogether summed up to 10% of their GDP.
May 8- 2:40 Minutes
CBDC(Central bank digital currency) will play a significant role in shaping the future of the remittance industry. Experts believe it will revolutionise the way Money Services Firms conduct their business.
May 4- 3:12 Minutes
When most people come across the word "Artificial Intelligence", they think of robots. It is evident because big-budget films and novels weave stories about human-like machines that wreak havoc on Earth.
May 1- 2:30 Minutes
The term "money laundering" refers to converting Money earned through illegal means into legitimate Money. These activities include drug trafficking or terrorist funding, and the law considers it a severe financial crime adopted by criminals.
Apr 29- 3:00 Minutes
Foreign workers make most remittances to family members in their home countries. This term derives its origins from the word remit, which means to send back.
Apr 29- 3:00 Minutes
Several developing countries are encountering great difficulty in obtaining private financing using traditional financial instruments. It has led to a severe crisis of confidence in debt markets in the current environment.
Apr 21- 2:30 Minutes
Every minute of every day, individuals, banks, and institutions exchange money from one currency to another. Exchange rate determines how much to pay and receive. Therefore, it is crucial to check which exchange rate applies to your transaction and attracts you.
Apr 20- 2:30 Minutes
Challenges faced by colombo process member states(CPMS) migrants in accessing the formal remittance services
Amid twelve countries in CPMS, three states stand for the largest global receivers, namely India, China and the Philippines. According to the World Bank, USD243 billion was received in the CPMS formally in 2017.
Apr 6- 3:30 Minutes
Ever since migrants have started moving overseas, Money has been flowing around through multiple remittance channels. In 2019 migrants sent close to $550 billion to their native countries.
Mar 27- 4:00 Minutes
Money is an asset. It is the primary reason why people migrate across borders. Hence, people are cautious when it comes to remit money through any channel, and there is nothing wrong with it.
Mar 25- 4:00 Minutes
In 2016 the U.S. Government-Accountability-Office undertook a study on Remittance Services and whether compliance in this sector requires further stringency.
Mar 17- 3:00 Minutes
Education fosters a positive change in overall development. Investing in human capital is essential to accomplish sustainable economic growth.
Mar 11- 2:00 Minutes
There is a direct correlation between financial exclusion and poverty. According to a survey, two billion working-age adults have no access to global financial services.
Mar 11- 3:00 Minutes
In continuation of our coverage of the discussions held by the IMF on the 19th of October 2020; We will discuss Mr Carstens' view on CBDCs.
Mar 9- 3:00 Minutes
Whether you work abroad or make regular international money transfers to your family residing in another nation. You need to know specific facts about foreign exchange rates to get the most out of your overseas money transfers.
Mar 8- 2 Minutes 45 Seconds
Cross-border payments faced enormous difficulties thanks to the COVID-19 induced lockdowns.
Mar 3- 2 Minutes 30 Seconds
International Money-Transfer Service is now a sought after business, thanks to the large volumes seen in the remittance industry off-late.
Mar 2- 2 Minutes 30 Seconds
Businesses faced severe difficulties due to the impact of Covid - 19 globally. Millions of people lost their jobs or faced significant pay-cuts as a direct result of this pandemic.
Mar 1- 2 Minutes 30 Seconds
A conference on cross-border payments 'A vision for the future' happened on the 19th of October 2020.
Feb 26- 3min Read
Billions of dollars are sent to families or communities worldwide each year in remittance by migrants all over the world.
Feb 24- 2min Read