The global remittance industry is massive with billions of dollars transacted every day. In 2017 according to a report compiled by the World Bank, global remittances had grown to the $613 billion mark. That figure marked a seven percent increase from $573 billion in 2016 and set a new record. Additionally, in 2017, five major destinations namely India, China, Philippines, Mexico, and France, contributed to 35 percent of total remittance inflows. China and India, however, increased the largest amounts, both of them coming in at almost 60 billion in 2017. Leading firms operating in this sector continue to post ... (full story)