Ease of Transfer: A number of remittance-focused start-ups and other players are expanding operations in emerging markets Ease of transfer

Ease of Transfer: A number of remittance-focused start-ups and other players are expanding operations in emerging markets Ease of transfer

Financial technology (fintech) firms are gaining market share that was formerly the preserve of established remittance service providers. Remittances have grown in importance in recent years and today constitute the largest source of foreign income for many developing economies. They also tend to be countercyclical, increasing during economic downturns or natural disasters when other capital flows generally dwindle. Growth in the segment has gat…