New research shows average remittance amount to Pakistan, Sri Lanka, and Ghana, saw double-digit percentage growth
remittances
2021 Predictions
2021: A forecast for the payments sector
Adeeb Ahamed, managing director of LuLu Financial Holdings, says the outlook for remittances in 2021 remains positive so far, though much depends on how quickly we can return to normalcy
expat remittances
UAE expat remittances fall 11.7% y-o-y in Q1
The value of money sent home by expat workers fell to $10.45bn, with Indians still topping the list
banking fraud
UAE remittance group calls for safer landscape to fight financial fraud
Threats and risks are rapidly evolving, according to the vice-chairman of the Foreign Exchange and Remittance Group (Ferg)
British expat
Dubai’s biggest bank adds the UK to DirectRemit services
Emirates NBD announces the launch of DirectRemit services to the United Kingdom, enabling customers to transfer money instantly back home
BR Shetty
Virat Kohli signs up as face of UAE-backed Remit2India
Online remittance portal owned by UAE-based billionaire Dr BR Shetty unveils Indian cricket superstar as brand ambassador
exchange houses
Seven UAE exchange houses have licenses downgraded
Central Bank says the remittance services violated regulations
cross-border remittances
India, Pakistan and Philippines account for half of all remittances sent from the UAE
Remittances in 2017 grew by 2.2 percent in 2017 over the year earlier
Foreign Exchange
Pak rupee devaluation prompts UAE surge in remittances
Pakistani authorities agreed to let the rupee float in an effort to stem a balance of payments crisis and boost falling exports
expat remittances
Foreign workers in the UAE remit over $21bn in H1
Central bank data shows Indian workers were the most active for remittances in first six months of 2017