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Saudi Arabia's Remittance Market Bounces Back After COVID-19: Surprising Growth and Digital Disruption Ahead
The Saudi Arabia Remittance market has witnessed positive growth in 2021, following the impact of COVID-19 and the rise of digital remittance channels, with a total of SR~ billion in remittances.
The Changing Landscape of Banknotes: Trends and Outlook for the Global Market
The global banknote market is expected to grow at a 6% CAGR, adding USD 3.8 billion by 2028. Despite a slight dip in growth rate during 2020 due to pandemic-related caution, the market remained positive
COVID-19 Impact on Global Money Remittance Market: Short and Long-Term Implications
The COVID-19 pandemic has had a major impact on the global money remittance market, both in the short and long term.
In Saudi Arabia's Remittance Market, the net migration rate has declined.
Saudi Arabia's Remittance Market is Witnessing Decline in Net Migration Rate. Personal remittances from Saudi Arabian ex-pats increased by 2.79% in 2021, amounting to roughly SR 4.18 billion.