Top 20 Countries by Outward Remittances (Billions USD)

If you're a remittances or cross-border payments fintech player or investor looking at this space, check this out. The UAE ranks 2nd behind the USA in terms of remittances, meaning that each year, over $43 billion in payments gets made and paid out or transferred from the UAE to countries around the world. In fact, due to the high expatriate population in many GCC countries, five of the Top 20 remittance countries are MENA markets like the UAE, Saudi, Kuwait, Qatar, and Oman.