Covid-19: ‘Emergency’ for millions as coronavirus severs remittance lifeline, digital transfers surge


Migrant workers arrive at the Mawa Ferry Ghat in Munshiganj district, Bangladesh. Digital transfers from Europe to mobile SIM cards, mainly in Africa and Asia, jumped 300% worldwide in the last six weeks while traditional cash transfers fell by about 15%, said Riviere. — Reuters

ROME/AMMAN: When Fathy called his family back home in Egypt a week ago, they asked him to send money, as he had for the past year. But he had none, having lost his job as a car painter in the United Arab Emirates in March, when a coronavirus lockdown was introduced.

Fathy's sisters and aunt rely on his monthly transfers to "eat and drink and live", said the 38-year-old, who declined to give his full name as he has been living and working in the Gulf state without a legal permit.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Italy fines Amazon over ‘recurring’ purchase option
Taiwan chipmaker UMC warns of muted auto, industrial demand
Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears
TikTok ban looms with Biden poised to start 270-day countdown
Computer-generated fake nudes discovered by victims on the Internet, Florida cops say
SK Hynix to invest $3.86 billion in DRAM chip production base in South Korea
Trend Micro: Malaysia records 69% decline in ransomware detections in 2023
Australia’s top spy urges big tech to unravel encrypted chats
74-year-old accused of robbing bank at gunpoint may have been victim of scam, US cops say
Italy fines Amazon 10 million euros for alleged unfair commercial practices

Others Also Read