How remittances serve as a crucial lifeline for families in crisis.
Remittances as a source of resilience
The global remittance market has boomed over the last few years and is projected for continued growth. In fact, P2P remittances totaled over $800 billion in 2023. Consumers send money for many reasons, ranging from gifts and paying friends back to caring for family members abroad. While transaction speed and variety in payout options are important regardless of the reason, they become much more crucial when global crises erupt. Download and discover:
- How remittances unlock access to essential resources, with insights from our partner Mastercard’s 2023 Borderless Payments Report
- Why access to global payments is so important to migrant workers with family living abroad
- How transaction speed can be the difference between refuge and catastrophe when things go wrong
The global remittance market has boomed over the last few years and is projected for continued growth. In fact, P2P remittances totaled over $800 billion in 2023. Consumers send money for many reasons, ranging from gifts and paying friends back to caring for family members abroad. While transaction speed and variety in payout options are important regardless of the reason, they become much more crucial when global crises erupt. Download and discover:
- How remittances unlock access to essential resources, with insights from our partner Mastercard’s 2023 Borderless Payments Report
- Why access to global payments is so important to migrant workers with family living abroad
- How transaction speed can be the difference between refuge and catastrophe when things go wrong
