Remittances return, but from rural to urban
Indias dominant players such as Fino Payments Bank, Spice Digital, Eko Financial Services and PayPoint are reporting a 35-50% recovery in business in the first two weeks of May against 90% fall in March and April.
Mumbai: An early pickup in economic activity and rise in reverse remittances from rural to urban have led to revival in domestic remittances in May after a near total collapse in March and April.
India’s dominant players such as Fino Payments Bank, Spice Dig
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