In today's digital age, the financial landscape is undergoing profound change. One sector undergoing significant evolution is the remittance industry. Historically dominated by stand-alone giants like ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. In today's interconnected world, with people becoming more mobile than ever, the global ...

The "Remittance Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)" report has been added to ResearchAndMarkets.com's offering. The remittance market attained a ...

WASHINGTON, June 13, 2023 — Officially recorded remittance flows to low- and middle-income countries (LMICs) are estimated to grow by 1.4% to $656 billion in 2023 as economic activity in remittance ...

The term remittance refers to the payment of money to another party, typically in another country, but the term is most frequently used in the context of migrants working abroad sending money back ...

WASHINGTON, June 26, 2024—After a period of strong growth during 2021-2022, officially recorded remittance flows to low- and middle-income countries (LMICs) moderated in 2023, reaching an estimated ...

“One Big Beautiful Bill” was passed by Vice President JD Vance’s vote after it tied on the Senate floor. Among many other things, the bill included a tax on remittances, which refers to the money ...

A provision in President Donald Trump's "Big Beautiful Bill" making its way through the United States Congress would place additional taxes on money immigrants want to send back to their home ...

Beyond providing supplemental income for Mexican households, remittances—funds sent by migrants to friends and families in their home country—provide a stable flow of developmental finance to the ...

Nala, a remittance startup that is now widening its portfolio through a new B2B payments platform, has raised $40 million equity in a rare deal that becomes one of the largest Series A transactions in ...

The FINANCIAL — Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion. This is sharply lower than the 10.2% increase in ...