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Global Remittances May Fall By $109B In 2020

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Modeled after The World Bank, ADB is a regional development bank established in the 1960s to promote social and economic development in Asia. South Asia could be among the hardest hit regions of the world, with remittances falling by 25 percent compared to their 2018 levels. Most of the decline stemmed from a $22.5

Regional 254
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World Bank: Remittance Flows Set To Drop $100 Billion From Pandemic

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The world remittance fall-off anticipated because of the coronavirus pandemic could have serious effects for numerous countries, according to a Financial Times report that cited the World Bank. The World Bank estimates that there were 272 million migrant workers working internationally, refugees included, in 2019.

Resources 172
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Virtual Reality: 5G Retailers’ Secret Sauce?

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The mobile technology is moving from the realm of the possible to the world of the real. The mobile technology is moving from the realm of the possible to the world of the real. has moved past South Korea and is roughly even with China when it comes to 5G development.). A new report also says the U.S. 5G Retail Deal.

Retail 177
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Today In Payments Around The World: Grab Notches $300 Million: Saudi Arabia’s Open Banking Plan Seeks To Further Digital Innovation

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In today’s top payments news around the world, Grab Financial Group said it has raised $300 million in a funding round, while the Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy. South Korean asset management firm Hanwha Asset Management headed up the round. Supper Ltd.,

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Lotte eComm Marketplace To Call It Quits In Vietnam

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Lotte, a South Korean conglomerate, is shutting down its Vietnamese online marketplace, lotte.vn, which allows merchants to connect with buyers, according to Deal Street Asia. The move is indicative of the trend toward “new retail,” which is the blending of eCommerce and traditional retail.

Retail 130
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Visa Launches Omni Loyalty Platform; Alibaba Kicks Off ‘Malaysia Week’

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Through a partnership, the companies will enable instant cross-border money transfers in countries such as Cameroon , Republic of Congo , Gabon , Equatorial Guinea , Central African Republic and Chad. In Asia, Citigroup Inc. In Asia, Citigroup Inc. In the U.S. , Airlines Reporting Corp.

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Bitcoin Daily: Bitfinex Reimbursed $110K In Stolen Crypto; Australia Eyes Blockchain For X-Border Payments Reporting

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Meanwhile, South Korean cryptocurrency exchange Coinbin has declared bankruptcy after losing millions of dollars due to “increased debt” and “government regulation.” A group of central securities depositories (CSDs) in Europe and Asia are looking to work together “on infrastructure to custody digital assets.”

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