Technical assistance collaboration will review relevant policies and regulations, promote cross-border coordination to shift remittances into safer, more transparent formal channels.

The app now allows users based in the United States to send money to GPay users in India and Singapore.

Remittance flows to low and middle-income countries are projected to fall by 7 percent, to $508 billion in 2020, followed by a further decline of 7.5 percent, to $470 billion in 2021.

E9pay aims to leverage Nium's extensive payments network to boost its B2B remittance offering

Remittance inflow to South Asian countries indeed fell during the peak of the global pandemic. 

A global drop in remittances by migrant workers due to the coronavirus-induced recession will raise credit risk in countries most dependent on such inflows.

A Q&A with World Bank economist Dilip Ratha on the job losses and travel restrictions affecting migrants around the world.

Migrant workers who lost their jobs because of the pandemic’s economic impact are running out of cash to send home, dealing a blow to the fragile economic health of the developing world.

In his message, Mr. Guterres recognized the determination of the 200 million migrants who regularly send money home, and 800 million families, in communities throughout the developing world, who depend on those resources.

UN human rights experts today called on States to protect the rights of migrants and their families, regardless of their migration status, during and after the COVID-19 pandemic.