remittance

A new study from Juniper Research has found that international digital P2P remittances conducted via mobile and online platforms will exceed $300 billion (€243.91 billion) globally by 2021, up from an estimated $225 billion (€182.93 billion) in 2018.

Cross-border money transfers are an essential part of the global economy. The developing countries for instance, have benefited greatly from enhanced remittance inflows. Over the recent past, the remittance scene has experienced some major transformations that include