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July 5, 2020, 1:56 p.m. EDT

Worldwide Remittance Market to 2027 – COVID-19 Impact on the Market

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  • Investment

The End User Segment of the Global Remittance Market is Sub-Segmented into:

  • Business

  • Personal

Remittance Industry and Covid-19

The money transfer related services are highly affected by lockdown across the world, that consecutively boosting the economic crisis in various working segments globally. Laborers and migrant workers are returning to their native places that in turn impact the employer country. The regions will witness a decline in inward remittances owing to loss of employment. Additionally, changes in working conditions, government regulations related working visas and changes in hiring process will mark a huge impact on the remittance industry for the long period of time.

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COMTEX_367731352/2599/2020-07-05T13:56:20

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