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June 03 - 2:42 Minutes
MAY 13 - 2:42 Minutes
MAY 04 - 2:51 Minutes
APR 18 - 2:52 Minutes
APR 08 - 3:00 Minutes
MAR 29 - 3.30 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 192:30 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 174:30 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 122:20 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 82:40 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 43:12 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 12:30 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 293:00 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 293:00 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 212:30 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 202:30 Minutes