UAE remittance senders prefer digital methods of transferring money as they support family overseas
expat remittances
Latest in expat remittances
cash remittance
UAE remittance fees set to increase by 15%
UAE exchange houses are set to increase remittance fees by 15 per cent
cash remittance
Remittances to MENA region fall over 5% to $61bn, Egypt slumps while India and Philippines among top recipients
Remittances into the Middle East and North Africa fell during 2023, according to a World Bank report
1 aed to indian rupees
Falling rupee, festival season to push up remittances by Gulf-based expat Indians
Currency market experts expect rupee to cross ₹84 per dollar in near-term basis, fuelled by a multi-week high rise in dollar index and crude prices
expat remittances
Indians living in UAE and Saudi allowed to make payments through UPI
Indian expats can now make UPI payments through the government-backed system while in India or abroad through NRE accounts
expat remittances
UPI payment facility for NRIs: Remittances to India by currency exchange houses set to see big fall
Banks in GCC will also be impacted as the number of remittance transactions could come down significantly with expats resorting to few and large transfers instead of numerous small transfers
expat remittances
UAE residents plan to transfer more money in 2023, supporting family more important than saving
76% of UAE consumers planning to transfer more money next year
expat remittances
Indian rupee falls to all time low on Thursday, plunging to 80.73 against US dollar
The fresh fall in rupee value has triggered expectations of another round of spike in remittances by expat Indians, especially from the Gulf region, to India
expat remittances
Expat Indian remittances from Middle East set to surge as rupee totters around 80 against USD
India’s decision to amend certain rules related to the FCRA to allow residents to receive up to $12,644 – up from $1,264 earlier – from their expat relatives without informing authorities is also expected to add to the remittances flow
currency market
Plunge in rupee value to push up remittances from Gulf-based expat Indians
Rupee was trading at 78.05 INR to US dollar and 21.25 INR against AED in the early trading hours on Tuesday
Eid
Remittances from the UAE see sharp rise during Ramadan, Eid
New research shows average remittance amount to Pakistan, Sri Lanka, and Ghana, saw double-digit percentage growth
expat remittances
UAE-India remittances flow slumps by 17% as Covid fuels 2020 job losses
World Bank says India saw remittances fell by just 0.2% in 2020 overall, as resilient flows from the US and other host countries offset decline
expat remittances
UAE-Pakistan remittances grow despite depressed global outflows
The World Bank estimates that global remittances fell by seven percent in 2020, but Pakistan and Bangladesh buck the trend
expat remittances
Filipino remittances drop for first time in 19 years as UAE, Saudi receipts fall
Cash remittances declined by 0.8% to $29.9bn last year, according to central bank data
Banker Middle East Industry Awards
Revealed: how popular is online banking in the UAE?
New research shows three out of four bank customers in the UAE prefer online banking over traditional bank visits
CBUAE
Central Bank says expat remittances from UAE fell 8% in first half of 2019
Expat remittances totalled AED 80.96 billion in the first half of 2019, down from AED 88bn during the same time period in 2018
cross-border remittances
Expat remittances from Saudi Arabia see 5.86% drop
Overall remittances dropped to $3 billion in July compared to $3.2bn in July 2018