Tag: electronic money transfer

• Tuesday, December 6th 2022 - 08:30 UTC

  Remittances to Latin America and the Caribbean in 2022 grew 9,3% and reached US$ 142 billion, WB report

  

  Remittances to low- and middle-income countries (LMICs) in 2022 grew an estimated 5% to US$626 billion, according to the latest World Bank Migration and Development Brief.

• Tuesday, April 9th 2019 - 07:10 UTC

  Record money transfers to developing countries in 2018, but transfer costs too high claims World Bank

  

  Money transfers to poor and developing countries hit a fresh record in 2018 and should become their largest source of external financing this year, the World Bank said on Monday. But many banks and money transfer operators charged too much, cutting into the gains of migration, the bank said in a statement.