Impact of Covid-19 on remittances, the next chapter

In April 2020, the World Bank estimated that remittances would fall by 20 percent in low and middle-income countries. The projected fall, which could be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be more vulnerable to loss of employment and wages during an economic crisis in a host country. During this webinar, Dilip Ratha will share updated data on remittances from The World Bank. We will also discuss with Peter De Caluwe and Andy Jury what accessible, fast and reliable payment solutions means in emerging markets. What are the opportunities and barriers they must face while increasing availability to financial services across their network. How is it to maintain a profitable business but at the same time keep it attractive for others to partner, to operate on small margins, high volumes and high frequency.