COVID-19 prompts biggest peak in money transfers since records began for many digital providers
Jun23

COVID-19 prompts biggest peak in money transfers since records began for many digital providers

In April this year, The World Bank predicted the sharpest decline of remittances in recent history. They projected that global remittances were to decline by almost 20% in 2020 due to the economic crisis induced by the COVID-19 pandemic and lockdown measures emplaced by countries around the world. We’ve seen the biggest drop in activity since the great depression, which is why such a prediction from the World Bank should not come as a...

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COVID-19 prompts biggest peak in money transfers since records began for many digital providers
Jun16

COVID-19 prompts biggest peak in money transfers since records began for many digital providers

In April this year, The World Bank predicted the sharpest decline of remittances in recent history. They projected that global remittances were to decline by almost 20% in 2020 due to the economic crisis induced by the COVID-19 pandemic and lockdown measures emplaced by countries around the world. We’ve seen the biggest drop in activity since the great depression, which is why such a prediction from the World Bank should not come as a...

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