Remittances are still among the most important source of income for many LatAm countries and their inhabitants

According to the World Bank's 'Migration and Development Review,' remittances to low- and middle-income countries experienced an 8% uptick in the last year, reaching US$647 billion. Of this, Latin America contributed US$145 billion, signifying a regional growth of 11.3%. Mexico, in particular, witnessed a 12.9% surge to US$61.1 billion in remittances, ranking second globally after […]