India is the best at accepting money orders: The era of digital banking is now. In a matter of seconds, money can be moved from one location to another. However, the practice of sending money via money order is still prevalent in India at this moment. According to a World Health Organization (WHO) report that was just released, India ranked first in this category in 2021 by receiving $ 87 billion in money orders from outside.
India is the country with the most money order takers.
One out of every eight people in the world—or almost one billion people—are migrants, according to the WHO’s first report on refugees and migrants. According to the report, India, China, Mexico, the Philippines, and Egypt are the top five nations that receive money orders from abroad that are denominated in dollars.
China and Mexico are in front of India.
With a net worth of $87 billion in 2021, India is ranked first among low- and middle-income nations, the survey claims. The Philippines received $36 billion, Egypt $33 billion, China and Mexico $53 billion, and so on.
Most money orders sent from America
Money orders continue to be most frequently obtained from the US, then the United Arab Emirates, Saudi Arabia, and Switzerland. Money orders are anticipated to improve this year as well, however, there are difficulties because of the Covid-19 situation, according to the report. Money orders, according to the article, have an important and advantageous economic impact on both migrants and their relatives and friends who remain in their own nations thousands of miles away.
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