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The pandemic’s impact on the remittances market

The remittances market has grown as more technology is being introduced to make cross-border transfers as seamless and cheap as possible. Historically, sending money abroad has cost a large portion of the sum being sent, however, as technology has evolved, new and innovative ways are being developed to make this process better for the workers sending money to their families back home. The pandemic halted the development of many industries, but not remittances according to WorldRemit.

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