As our society becomes more globalized, there will soon be no borders for capital. Globally, the amount of money being sent as allowance has seen significant growth as a direct result of increased migration as well as expanded business activity on a worldwide scale. Many developing nations acquire a considerable economic boost from remittances sent home by their citizens. A year-long standard study indicated that these payments are equivalent to more than 10% of the GDP of emerging nations. These payments are of utmost significance, not only for the expansion of national economies but also for the global economy. Considering…
Author: Sheshagiri (Sukesh) Malliah, Regional Director – APAC, TerraPay
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