El Salvador is planning to give $30 in bitcoin to citizens who download the government s crypto app, Chivo. The initiative comes as the much-anticipated "Bitcoin
Remittance report
May 17, 2021
The findings on foreign remittances to Pakistan from its workers employed overseas, published in the World Bank’s Migration and Development Brief, provides us with some excellent news. Instead of the decline in remittances widely projected in early 2020 because of apprehensions regarding the Covid-19 pandemic and the eviction of Pakistani workers from countries including several in the Middle East, remittance flow into the country increased by about 17 percent in 2020 with a current account surplus of $945 million recorded by the State Bank in the first three quarters of the current fiscal year. The increase in remittances, also seen in other South Asian countries, has meant the central bank now holds a record foreign exchange reserve. Policies which included a tough crackdown on informal money transfers under FATF regulations, the opening of Roshan Digital Accounts which allowed Pakistanis to send money to accounts opened in banks at home and pol
RemitGuru to raise $50 million from a group of investors including Paytm, Infibeam
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ETtech
Illustration: Rahul Awasthi
Fintech startup RemitGuru is in talks to raise around $50 million or about Rs 350 crore from existing and new investors including Paytm,
Infibeam Avenues, Pentathlon Ventures and investor Ashish Kacholia, two people with direct knowledge of the matter said.
While RemitGuru, which is into the digital remittance space, had seen an early investment by Infibeam Avenues and Paytm a few years back, Pentathlon and Kacholia will be investing for the first time.
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