- International digital P2P remittances via mobile and online platforms expected to exceed $300 billion by 2021
- IEGH explores $32 billion Philippines remittance market
- Digital financial services enable people working abroad to remit or send money home
Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH) recently announced plans to explore entering the remittance services market through the launch of a cryptocurrency by Investment Evolution Coin Ltd. (“IEC Ltd.”), a Singapore-incorporated public unlisted company managed by IEG Holdings CEO Paul Mathieson (http://nnw.fm/zOEm1). IEGH recently provided an opportunity for its shareholders to obtain shares in IEC Ltd. (http://nnw.fm/yY7hz), allowing them to be involved in the crypto industry with less risk.
Remittance is a vital financial transfer tool used by immigrants working abroad as they send money back home to support family members. A study by Juniper Research states that migrant workers are expected to…
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