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Remittance Market to Hit Enormous Growth of 10.50% By 2033 | Rise in Cross-border Transactions & Mobile-based Payments [Yahoo! Finance]
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financial inclusion, and driving economic growth in recipient countries. North America emerged as the largest market for the global remittance market, with a 48% share of the market revenue in 2023. Newark, May 08, 2024 (GLOBE NEWSWIRE) -- As per the report published by The Brainy Insights, the global remittance market is expected to grow from USD 50 billion in 2023 to USD 135.70 billion by 2033, at a CAGR of 10.50% during the forecast period 2024-2033. Remittance refers to exchanging cash or funds from one individual to another, regularly across borders or from one geological area to another. Remittances are often sent by workers who work in outside nations and send cash back to their nations of origin to help their families or for different purposes. In any case, remittances can be sent by people or organizations for various reasons, including payments for labor and products, salary disbursements, investment capital, or personal financial support. Remittance exchanges can be dir
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