Where From Is Billions Of Money Coming As Remittance To Low And Middle-Income Countries?

Expatriates are significant contributors who send money to Bangladesh to support the economy of the country. Human resources exports boost remittances, and unemployment is reduced. Bangladesh is currently the world’s sixth-largest migrant producer in the world. Bangladesh is ranked ninth among the top ten recipients of remittances. According to BMET’s figures, […]

What Is The Trend Of Remittance To Pakistan During Fiscal Year 20-21?

Digital platforms are widely used to send money to Pakistan during 2020-2021. Pakistan was among the top-10 recipients among low- and middle-income countries. The nation earned $26 billion last year compared to Other countries like India ($83bln), China ($60bln), Mexico ($43bln), Philippines ($35bln), Egypt ($30bln), Bangladesh ($22billion), Nigeria ($17billion), Vietnam ($17billion) […]

What Is The Impact Of Pandemic Outbreak In The Development Perspective Of Developing Countries?

Development in finance made life easy as you can send money to Nigeria and any part of the world with a few clicks from a smartphone. Amid the disruption caused by COVID-19, this accelerated transition towards digitalization of financial services could prove to be an unforeseen boon for financial inclusion. Prior […]

How Is Mobile Finance System Inflection Point For Remittance To The Country Like Nepal?

Mobile Finance system is the easiest way to send money to Nepal for expatriates. In this breathtakingly beautiful country, mobile payment has a vital role in empowering the population in various ways for all types of money transactions. Mobile Financial Services (MFS) is a distribution service that provides rural and semi-urban […]

How Can Digital Finance Help To Reduce Money Transaction Cost And Ultimately Reducing Poverty In Country Like Bangladesh?

Do you know how important expatriates send money to Bangladesh for economic stability? In the growing nation, remittances have become a significant and stable source of foreign funding and wealth generation. Remittances are Bangladesh’s second-largest source of foreign currency earnings, behind only the ready-made garments industry. However, since a substantial portion […]

How Can Expatriates & Government Increase Inflows Of Remittance In Developing Country?

Despite the global downturn economic in the European countries and other important host countries for Pakistani jobs, sending money to Pakistan has more than tripled in the last ten consecutive months and looks set to continue up. The significance of remittances to the Pakistani economy must be considered. Official remittance flows account for […]

How Are Illegal Money Transfer Service Providers Effecting Remittance Of Developing Countries?

People send money to Nigeria through illegal service providers due to a lack of knowledge about their high fee as an intermediary channel. Considering the significance of remittances to Pakistan’s financial independence, the country must tackle problems that obstruct remittance inflows. Apart from the above reasons, illegal recruitment agencies play a […]

What Are the New Regulations On International Money Transfers By Central Bank Of Nigeria?

Do you send money to Nigeria from abroad? If yes, you must thoroughly read this article. Nigeria continues to be the region’s largest remittance receiver and the seventh-largest within low and middle-income countries (LMICs), with estimated remittances of about $21.7 billion, down more than $2 billion from 2019. According to a […]

What Is The Annual Remittance Of Nepal As Compare To Its Neighboring Countries?

Do you know how Nepalese send money to Nepal from abroad? Nepal is one of the world’s top remittance recipients (as a proportion of GDP). For a small landlocked economy ravaged by a decade-long Maoist insurgency (1996–2006), prolonged political turmoil, a sluggish growth rate, and massive migration of youths seeking jobs […]

What Are The Top Countries With Highest Number Of Filipinos Working Abroad?

Remittances or send money to Philippines bring money directly into the hands of individuals and households, pulling millions out of poverty and stimulating economic growth through improved access to credit, education, healthcare, and entrepreneurship. It’s no wonder that the Philippines is one of the biggest recipients of foreign funds globally, with […]

What Is the Position Of Bangladesh In Sub-Continent Regarding Flow Of Remittance?

Thousands of Bangladeshi diaspora living abroad send money to Bangladesh. Bangladesh has experienced frequent and massive labour migration to other countries since the 1970s, and it is still one of Asia’s most remittance-receiving countries. Remittances, like foreign employment, have been steadily increasing in recent years as their share of GDP and […]