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May 13, 2022

Remittance tech is booming right now and the digitization of sending money isn't slowing down. 2021 was a milestone year for remittances, and according to a recent report from the Remittance Industry Observatory, digital transactions accounted for 37% of all global remittances – a 15% bump compared to 2020. Moreover, as the global payment industry continues to maneuver choppy macroeconomic situations, the digitization of remittances is only expected to grow, with industry leaders estimating that digital transactions will reach 50% by 2032.

Earl Melivo, a global payment expert and Director of Country and Business Development at the digital-first remittance company, WorldRemit joins me on Tech Talks Daily. We discuss the digital remittance trends WorldRemit is already seeing with their users worldwide. He also shares his first-hand insights on how the industry is heading towards a more digital world.