Digital Remittance

Part 1

Rising smartphone penetration, coupled with the increasing number of digital-savvy customers opting for digital remittances, is expected to drive the market over the forecast period. Additionally, increasing internet penetration has enabled customers to access financial remittance services. Moreover, the rise in payment automation and digitalization is expected to create growth opportunities for the market over the forecast period. Furthermore, an increasing number of economic migrants traveling from developing economies to developed economies in search of better work opportunities is anticipated to contribute to market growth.

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