Remittance Market 2024
The global remittance market was valued at USD 50 billion in 2023 and growing at a CAGR of 10.50% from 2024 to 2033. The market is expected to reach USD 135.70 billion by 2033. Remittance comes from 'remit,' which signifies 'to send back'. It refers to cash that is sent or moved to another party, normally abroad. Remittances can be sent by wire transfer, electronic payment system, mail, draft, or cheque.
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