Stronger together: Enabling a robust remittance proposition

Remittances in Asia are booming but so is the competition. In Asia, 89% of banks expect to lose share to faster, cheaper disruptors. With $685B in global flows, Asian banks must rethink how they deliver cross-border payments.

Driven by increasing migration, remittances in the Asia Pacific region have grown rapidly. According to The Migration Data Portal estimates, global remittance flows were $685 billion in 2023. The Asia Pacific region received a substantial portion of these funds. 

In this conversation, Citi's Melissa Ongleo Yambao joins Sheetal Kandola to unpack how banks can protect market share. 

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