That's why the acquisition of Speed Remit by Mint is important:
Egypt is placed 6th in the list of top recipients of officially recorded remittances for 2012, according to the latest issue of the Bank’s Migration and Development Brief, released on November 20th.
The top recipients of officially recorded remittances for 2012 are India ($70 billion), China ($66 billion), the Philippines and Mexico ($24 billion each), and Nigeria ($21 billion). Other large recipients include Egypt, Pakistan, Bangladesh, Vietnam, and Lebanon.
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