Remittances to Sri Lanka via MMBL money transfer up 44% YoY

Worker remittances brought into Sri Lanka through the MMBL-Money Transfer network has witnessed a 44 percent growth to US$ 159. 3 million in the first half of 2024.
MMBL-Money Transfer represented a 5 percent share of Sri Lanka’s total worker remittances and a 78 percent share of Western Union remittances to Sri Lanka during this period, the entity said in a statement.
MMBL-Money Transfer is a 50/50 joint-venture between Aitken Spence PLC and the MMBL-Pathfinder Group.
The MMBL-Money Transfer network, which consists of over 3,000 agents spread throughout Sri Lanka, is the largest international money transfer network in the country. 
Through Western Union, MMBL-Money Transfer connects Sri Lanka to the largest global money transfer network spanning over 200 countries and 550,000 agents worldwide.