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15 Top Remittance Startups Making Migrants’ Lives Easier

Did you know that if nine strangers were to be put in a room, there is a high chance that at least one of them would be involved in a remittance transaction? According to the United Nations, about 800 million people in the world, representing one out of every nine people, either send or receive money. This itself is not surprising, given that the global remittances market reached $689 billion in terms of transactions in 2018, up from $633 billion in 2017. This growth is highly driven by low and middle-income countries, which are expected to touch $550 billion in 2019, up from $529 million in 2018, in terms of remittances. 

To celebrate this market, June 16 of every year is designated as the International Day of Family Remittances (IDFR). At MEDICI, we wish to send our belated wishes to all those who have made or are in the process of making remittances around the world. So, in honor of IDF ...

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