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Issue No 160

How will banks recapture remittances and FX services from MTOs


A recent study by Ptolemus shows that the mobile UBI market has grown to 4.8 million policyholders as of the second quarter of 2018, representing almost a quarter of the total. It expects the global market for mobile UBI to expand at a compound annual growth rate (CAGR) of 39% up to 2025 to reach 60 million users, and much of that will come from Asia Pacific, and China in particular.

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