A YEAR IN REVIEW: A DEEP DIVE INTO AUSTRALIA’S REMITTANCE FLOW IN 2024

Talking about the year 2025, one has to watch out the flaws in the past and learn trends as they influence a remittance flow going to Australia by the calendar of 2024. By diversified population economy, Australia supports the world's economies. The blog delves deep into Australia's remittances in 2024, explaining the trends along with the positioning that top players in the money transfer business take to ensure online money transfer services like Speed Remit could improve international transfers significantly, making these more efficient and affordable. Millions of expatriates and migrant workers live in Australia and regularly send remittances to their families and communities back home in different parts of the world. As noted by the World Bank, up to 2024, there had been a new record of remittances to low and middle-income countries; however, Australia leads the way.