Maharashtra toppled Kerala in inward remittances. Kerala slipping from the pole position was not unexpected given the job losses among migrants in West Asia during 2020-21
IDFC Bank has partnered with global financial platform Uphold for inward remittances into the country.
Mahesh Iyer, Chief Operating Officer- Foreign Exchange & Head- Visas, Thomas Cook (India), says the company is the principal agency for Xpress Money and MoneyGram International Inc in India, via which the money is transferred by people working abroad who do not have access to formal banking channels.