Exclusive data: 193% increase in BRICS global remittance share
- In August, the BRICS bloc doubled with the addition of six new countries. - FXC Intelligence data shows that with the new countries added, BRICS countries will see their share of global remittances grow by 193% to account for 16.2% of all remittances sent in 2023. - This makes the BRICS bloc a significant player in the remittance space and could prove to be a powerful shaper of remittance trends over the next few years.In August, the BRICS bloc made the historic step of more than doubling, with the