Without a doubt, the pandemic has had a pervasive and long-term impact on people and businesses across the world. While its effects on migration, and therefore on remittances, have been better than unexpected, the transformation that has followed demands adaptability from everyone. With migration policies and requirements around the world changing, becoming more focused and skill-centric, the world of remittances is also undergoing rapid shifts.
“Today, even domestically people demand better ways
for money transfers. Millennials and Gen Z want more digital transfers. You
need increased digital transition, not transformation, to accommodate
everyone in the system.”
- Rizwan Qazi, VP, Special Projects & Partnerships, TerraPay.
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