remittances

200 million immigrants globally sent $445 billion to their home countries as remittances in 2016. Among them, Indians were the #1 in sending remittance, as total of $62.7 billion was sent to India from abroad. This way, India has…

When it comes to receiving remittances from abroad, then India’s #1 position is still unchallenged, globally. As per a recent report commissioned by Western Union, total of $69 billion was received by India from immigrants settled…

India has maintained as their position as world’s #1 remittance source, as Indians living in foreign locations sent $68.9 billion back home. Compared to 2015, this is a decrease of 2.1%; but despite this fact, India has beaten all…

World Bank has shared their latest report on global remittances, and yet again Indians have topped the charts. NRIs sent $70.4 billion to India in 2014, which is 12% of global remittances which stood at $583 billion. As per the…

Jeff Bezos backed Remitly has started offering remittance services from USA to India, and has ignited the $11 billion market with aggressive pricing and forex rates. Founded in 2012, Remitly started its operations with the Philippines…