Digital Remittance Market Share and Growth Factors Impact Analysis 2024-2033

Remittances are characterized as financial lifelines sent home by migrant workers. In contrast, digital remittances are all of these international money transactions carried out online by a migrant population. Remittances often consist of money transfers between residents and non-residents as well as wages sent back to the place of origin by temporary foreign employees. It is very important to the current financial ecology. Digital remittances firmly emerged in 2020 despite a decline in overall remittances, and they continue to provide significant diverse benefits to those able to take use of them.