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Disrupting International Remittance

The research found a significant upsurge in international remittance activity in the past 2 years with a number of cross-border mobile remittance services being deployed. For example, PayPal-owned Xoom announced in April 2016 that it will expand its services to 13 new recipient countries.

It found that international mobile money transfers are forecast to grow in frequency in all regions as users become more accustomed to using the service. Value transactions are also forecast to rise in the future.