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Increasing Contactless Payment Modes to Affect the Growth of Banknote Market

Date: 14, April 2020 | Category: Financial Services

The global banknote market is estimated to reach US$15.03 billion in 2024, growing at a CAGR of 2.72% for the period spanning from 2019 to 2024. The factors such as increasing number of ATMs globally and rising population are expected to drive the market. However, growth of the industry will be challenged by counterfeiting of banknotes and rapid growth of electronic payments. A few notable tren ..

Rising International Migration Supports the Global Remittance Market

Date: 10, April 2020 | Category: Financial Services

Remittance is referred to as the money sent by immigrants to their families residing in their native countries. This market plays a vital role in the economic growth and livelihoods of people across the world. Remittance inflows in developing countries make a notable share in their GDPs. Remittance market is completely dependent on the migrated population living across the world.

The glob ..