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‘Larger centres more impacted that smaller centres’
Domestic remittances have fallen by about 20 per cent in the second wave of the Covid-19 pandemic, that has once again led to State level lockdowns and rising unemployment.
Industry data reveals that these remittances, which are largely by migrant workers to their families, have fallen across the country though not as sharply as last year during the national lockdown. “There is a drop in urban remittances, primarily because of the lockdowns. Work is stalled at many places due to which wages are stalled as well. There are also reports of workers returning to their villages,” said Abhinav Sinha, co-founder, Eko India.
Ethereum Creator Vitalik Buterin to deliver keynote at Virtual FinTech Forum 2021
Amid rising use of blockchain in finance and cryptocurrencies emerging as Digital Gold for millennial investors across Asian markets, the alternative investment class will take centre stage at Virtual FinTech Forum on May 27 when Ethereum Creator, Vitalik Buterin delivers a keynote address on The Progress of Ethereum and its role in Future of Finance.
As the flagship fintech label co-founded by Finstep Asia Limited and Novsphere Limited, the Virtual Fintech Fair (VFF) is the region’s first fully virtual Fintech event and has become a significant platform for the fintech industry in Asia and a key constituent of the StartmeupHK Festival. Last year, StartmeupHK was attended by over 180,000 delegates from over 90 countries. VFF 2021 is supported by over 40 partners including AWS, InvestHK, S&P Global Intelligence, Vacuum Labs and Krungsri Finnovate.