COVID-19 : catalyst for consolidation?

Is COVID-19 the catalyst to push consolidation in the remittance industry or will the boost to digital allow players to remain independent?

Covid-19 has generated a significant rise in the demand for digital remittance services due to the stay at home orders.

After the announcement of the WorldRemit - Sendwave $500m acquisition, Daniel Webber, FXC Intelligence CEO, and Mohit Davar, IAMTN Chairman, address whether digital growth will be a driver of consolidation in the highly fragmented cross-border payments space or if digital players will grow stronger from the crisis and remain independent.”