Question

in the past year which of the following is true about remittance

Answer 1

[AI-generated answer — Bot GPT 3.5]

1. Remittance inflows have decreased due to the economic impact of the COVID-19 pandemic.

2. Remittance fees have increased as a result of disruptions in global financial systems.
3. Digital remittance services have seen a surge in popularity as people seek safer and more convenient ways to send money to their loved ones.
4. Some countries have implemented policies to incentivize and facilitate remittance flows to support their economies during the pandemic.