Published On: Sat, Jul 18th, 2015

REMITTANCES EXPLAINED: How funds are transferred across borders, top markets, and the new digital model

bii-global cross border remittance volume


Over the past few centuries, the world has become increasingly globalized. Immigrants are pouring into developed countries like the US, where many jobs pay at higher rates than in home markets. As migrants shuffle around the globe, they have family members and friends back home who they continue to support through cross-border money transfers, called remittances.

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