What is the impact of small & medium sized money transmitters on the global remittance industry. Are they completely irrelevant? Any statistics on their combined market share? Most of the discussion is usually around big players in the industry.

They are very much relevant, albeit now facing various hurdles. The number varies. I’ve seen it as low as 5% and as high as 50%. However, they average out between a fifth (20%) to a quarter (25) of the market share. These numbers are now on the the decline due to issues like derisking/access to […]

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