On September 14, 2021, the Reserve Bank of India (RBI), together with the Monetary Authority of Singapore (MAS) announced their plan to link their fast
Increased remittance inflows to Pakistan in 2021 reflect the huge shifts in consumer behaviour, as well as those of policy makers during Covid-19; towards digital.
One of the most dynamic and innovative economies in the GCC/MENA region, the UAE is now witnessing an increasing number of online transactions.
Cross-border transactions have grown dramatically over the past decade, particularly due to the presence of a large number of Indian expats.
There has been a strong shift towards ecommerce, contactless digital payments, and cash displacement.
In April last year, India passed the Finance Act 2020, which brought several changes affecting money transfers made after September. This passing of this Act