Banks are Exiting the Remittance Business

The global remittance business is $500+ billion strong. However, this broad market belies a less than rosy outlook for the business. Different geographies display very different trends in remittances and an analysis of these trends shows that problems are beginning to arise in this space. These problems are due to regulatory issues, policy issues, business model issues, cost pressures and some are even related to macroeconomic and other factors. In countries where regulations ...

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