have been bolstering their digital tools as of late, and the pandemic could expose more consumers to their online offerings and boost their performances too.
The World Bank does, however, expect remittance growth to pick back up to some degree in 2021, so firms that attract consumers with digital offerings in 2020 could rebound. It projects remittance volume to LMIC to rise 5.6% in 2021, and for the situation to improve in various regions as well. These improvements may not immediately make up for the losses remittance firms take in 2020, but they may help them begin to recover from the pandemic when it subsides. And the firms that have brought in consumers with digital tools during the pandemic may be the greatest beneficiaries of this growth because they'll have the chance to build loyalty with consumers, which could help them win more volume in the years to come.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
CurateByo just a crc introspection for those who rely on diaspora remittances for a living. This covid19 pandemic is real. not really alarmist but to save as a warning for lean budgets in the foreseeable future
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