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In May 2015, Wise was ranked No. 8 on CNBC's 2015 Disruptor 50 list, [20] and in August 2015, the company was named a World Economic Forum Tech Pioneer. [21] On 8 April 2017, an internal memo from British bank Santander claimed the bank would lose 84% of its revenue from its money transfer business if its charges were the same as Wise. [22]
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India is the world's top receiver of remittances, claiming more than 12% of the world's remittances in 2015. [1] [2] Remittances to India stood at US$125 billion in 2023, up from US$69 billion in 2017. Remittances from India to other countries totalled US$5.710 billion in 2017, for a net inflow of US$63.258 billion in 2017. [3] [4] [5]
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [ 1 ] it is intended to facilitate e-payments directly through banks and encourage cashless transactions.
A customer can transfer money or pay for goods and services by sending an SMS, using a Java application over GPRS, a WAP service, over IVR or other mobile communication technologies. In India, this service is bank-led. [1] Customers wishing to avail themselves of this service will have to register with banks which provide this service.
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In 2010, British newspaper The Guardian reported the aid received by India to be less than 1% of its GDP and has declined to take foreign aid recently. [1]The United States Agency for International Development (USAID) compiled and published a data in 2015 indicating that from the period 1946-2012, India has been the recipient of highest aid from United States.
Windows Easy Transfer was discontinued with Windows 10. [5] From September 1, 2015 to August 31, 2016, Microsoft partnered with Laplink to provide a free download of PCmover Express, which allowed 500 MB of data and settings to be transferred from at least Windows XP to either Windows 8.1 or Windows 10. [6]