In terms of funds, remittance saw the lowest inflow from investors in 2018 while it was led by lending and payments
Mumbai: In 2018, India is likely to retain its top spot, with remittances expected to reach $79.5 billion this year, followed by China ($ 67.4 billion), Mexico and the Philippines ($33.7 billion each), and Egypt ($25.7 billion), according to World Bank’s Migration and Development report. Despite an increase in volume, the global average cost of sending $200 remains high at 6.9% in the third quarter of 2018. Reducing remittance costs to 3% by 2030 is a global target under Sustainable Development Goal (SDG).
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.