What Are The Top Remittance Receiving Countries In The World?

Filipinos send money to Philippines are increasing day by day, making it among the top five remittance-receiving countries in the world. India received $79 billion in remittances, followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion), and Egypt ($29 billion), in that order. Remittances to low- and middle-income […]

When Did Record Highest Remittance Receive By Low And Middle Income Countries Globally?

Remittance to Nigeria as developing countries can be defined as expatriates send money to Nigeria to fulfil families’ basic needs. According to the World Bank’s latest Globalization and Investment Brief, remittances to low- and middle-income countries hit a new high in 2018. According to the Bank, officially reported annual remittance flows […]

How Pakistan Gets Money Transfers From Abroad To Sustain Economy Of The Country?

Pakistan is a country that substantially depends on expatriates who send money to Pakistan as a remittance. Home remittances are the second-largest source of foreign currency in Pakistan’s economy, after exports. Banks, especially the National Bank of Pakistan, are doing an excellent job of funnelling the remittances of overseas Pakistani workers […]

What Are The Changes In The Economy Of The Philippines During One Year Of The COVID-19 Pandemic?

Digital methods to send money to Philippines increased during one year of the pandemic. Multiple shocks to the Philippines’ economy – the COVID-19 health crisis, economic activities around the country halted by quarantine steps, crippling typhoons in November, and the global recession – are expected to reduce the economy by 8.1 […]

What Are The Steps Taken By Filipino Government To Facilitate Expatriates Of The Country?

Expatriates send money to Philippines is considered t be significant support of the developing country. The national Central Bank (BSP) has developed an interactive website to support overseas Filipinos with their money transfer and investment considerations. The portal will connect users to information on the various banks and non-bank remittance businesses […]

What Are The Main Utilizations Of Remittance To Nepal From Developed Countries?

Nepalis Expatriates send money to Nepal as remittance is increasing day by day. Nepal’s economy, like that of many other developing countries such as Haiti, Kyrgyzstan, and Honduras, is dependent on remittances. According to the Nepal Rastra Bank’s survey, “The Status of Remittance Inflow in Nepal,” Nepal received NPR 879.3 billion […]

What Is The Role Of International Money Transfers By Expatriates In The War Of Covid-19?

Expatriates send money to Nigeria during pandemic has seen slight declination due to ban on transport and money transfers through informal channels. Covid-19 is a virus that has wreaked havoc on people all over the world. The COVID-19 pandemic is wreaking havoc on economies all over the world, including Nigeria, which […]