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News

India Tops Global Remittances at $125 Billion in 2023: A Comprehensive Insight

The $125 billion influx signifies the unwavering commitment and support of the Indian diaspora to their families and communities.

News

Fight Against India's COVID-19 Second Wave: UAE Firms Waive Charges on Remittances

Money transfer companies in the UAE are trying to contribute in their own way to fight the COVID-19 pandemic situation in India by waiving charges to funds being transferred to India’s PM Cares Fund and Kerala Chief Minister’s Distress Relief Fund

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World Bank Flags Pandemic Risks for Bangladesh’s Exports, Remittances

The World Bank has warned that the weaker-than-expected growth elsewhere in the world due to the pandemic may undermine the recovery in Bangladesh and other countries in South Asia.

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Remittances to Pakistan Stay Above $2 Billion for Sixth Consecutive Month

UAE emerges second largest source of remittances for Pakistan in first five months of FY 2021.

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Remittances Provide Temporary Cushion to Nepal’s Troubled Economy

At a time when the world economy was hard hit by the ongoing pandemic, improvement in Nepal’s remittances inflow has made it easier for the government to operate.

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The COVID Pandemic’s Sledgehammer Blow to Remittances

Remittances are an important source of income for low/middle-income countries. But nations that rely more on these inflows have been hit harder.

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Defying Predictions, Nepal’s Remittances Still High

Despite dire predictions about a drastic drop in remittances that Nepal gets from its workers abroad due to the COVID-19 induced economic downturn, money transfers have remained steady. 

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India: Government Survey To Focus on Migrant Woes and Assess Remittance Risk

The household survey will also capture remittance risks to the rural economy until the pandemic is contained.

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Pakistan Cites New Transfer Rules in Remittances Boost

In a rare instance of COVID-19 helping a country’ s economy, Pakistan saw a significant uptick in remittances from nationals working overseas in July.

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Bangladesh: Remittance Hits Record High in July

Many expats have been sending money as part of their preparation to return home due to joblessness abroad.