All News and Announcements
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.
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
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.
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.
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.
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.
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.
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.
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.
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.