Intra-country remittances have decreased by nearly 25-30% in November and December. This follows new RBI guidelines that require banks to keep detailed records of recipients. Payment firms are struggling with the changes. The domestic remittances industry is expected to stabilize in another quarter. Delhi, Mumbai, Indore, Rajasthan, and Gujarat are major sources of remittances.
from Banking/Finance-Industry-Economic Times https://ift.tt/D1HfWrq
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