Rising Blockchian Technology in the Remittance Market Outlook: Ken Research

Overview: Remittance refers to that process in which transfer of money is done by a foreign worker to any individual in their home country. Most of developing countries are depending on the remittance which comes from the foreign worker. Not only has this the GDP of developing countries also affected by the remittances received and…

Integration of Biometrics in Remittance Industry Market Outlook: Ken Research

Traditionally biometrics has been used for identification in government and law enforcement agencies. Biometrics is considered highly efficient and reliable due to the uniqueness this technology possesses. We can witness a simultaneous increase in both remittance and biometric industry and simultaneously their integration into one single technology has been phenomenal especially with the development of…

Gulf Remittance to India Market Outlook: Ken Research

India’s immense population is in a way benefitting the country. This statement, though debatable, has been backed by the remittance sector of the country. Market Research Reports for remittance crown India as the 2017 leading recipient of international personal remittances claiming nearly 11% of global inflows. Despite its large contribution of more than 55% to…

Near Field Communication: Unstoppable Rise Market Outlook: Ken Research

Remittance Market Research Reports that Analyst over the years on the confidence of their experience and advancement have speculated that plastic cards would be ditched by our phone that is they would use a radio frequency called Near Field Communication (NFC) to send payments data to compatible store registers. Active devices are able to both…

Finance Technology and Remittance Market Outlook: Ken Research

The remittance sector is constantly expanding and so is financial technology (fintech). Remittance Market Research Reports show that remittance has constituted the single largest source of foreign exchange in developing countries from 2000 onwards. The global community is searching for technologies that will improve the efficiency and safety of cross border money transfers known as…

Blockchain Technology in Remittance Market Outlook: Ken Research

Overview: Remittance is referred to the money sent by foreign workers to their families living abroad. Developing countries depend a lot on remittance received from workers abroad as it constitutes a part of their GDP. This market is entirely dependent on workers working in countries apart from their native homeland. GDP and economic growth can…

Fin Tech Potential for Cost Reduction in Remittance Market: Ken Research

Introduction: The global remittance market is worth over USD 600 Billion as of 2017 and is expected to be worth over USD 6 Trillion by 2030 based on information revealed through various Remittance Industry Market Research Reports. The growing requirement for remittance services, especially to facilitate economies in low and middle income nations is a…

The Biggest Issue with Remittance: Ken Research

Introduction: The Global Remittance Market has been valued to be at approximately USD 600 Billion based on Market Research Reports for Remittance. The market has had a growth rate of about 4.5% between 2012 and 2017 due to increasing reliance on remittance amounts in low and middle income countries. Close to 70% of the remittance…

Business Finance: Can Cryptocurrency Be the Future of Remittance: Ken Research

Introduction: There has been an increasing trend by migrant workers in foreign mature economies like North America and Europe to send money back to their families in their home country in the form of Remittance. Research predicts that by 2030 there will be an inflow of USD 6 Trillion with about half being sent to…

UAE Remittance Market to Embellish Via Affirmative Economic Changes: Ken Research

A remittance usually refers to the fund transfers which an expatriate does in order to send money to his/her country of origin either via wire, mail, or online transfer. Such peer-to-peer transfers of funds across the borders have proved to be economically notable for many countries across the globe. In UAE, the international remittances are…