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The Impact of Coronavirus on Foreign Workers

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

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Developing World Loses Billions in Money From Migrant Workers

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.

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HNB Records Growth in Digital Remittances During COVID Lockdown

Sri Lanka’s HNB has reported a smooth transition to contactless remittance transactions parallel to rising demand for digital remittances and cardless withdrawals during the coronavirus lockdown.

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Supporting Nepal’s Migrants, as Overseas Work Dries Up

Since the economic slowdown resulting from the COVID-19 pandemic, work for many of them has dried up. The UN is supporting efforts to manage the large-scale influx of returnee workers.

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Visa and TerraPay Partner to Drive Domestic Remittances

TerraPay and Visa have today announced a strategic partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments in Kenya and global remittances to Kenya.

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South Asia Faces a Remittances Crisis Amid COVID-19 Pandemic

Coronavirus lockdowns cost millions of migrant workers their jobs, halting billions in remittances they sent home.

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Unistream Remittances in Armenia Can Be Received Online

If you want to make a transfer to Armenia, there is no need to leave the house — you can use Unibank Mobile application.

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Eko India Offers Banking Services to Migrants in Telangana

Eko's network of over 200,000 entrepreneurs, retailers, and individuals, across 200 cities in India has been instrumental in bringing about this ease to the lives of migrants.

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Nepal: Strategies for Post-COVID-19 Recovery Amidst Falling Remittances

Nepal, where remittance contribution to GDP in 2019 was equivalent to 27.3 percent, according to the World Bank, has lost nearly 50 percent of remittances in the past two months compared to the same period last year.

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UN Chief in ‘Support Migrants’ Plea, as Remittances Drop by 20 Percent

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.