Niyo launches outward remittance service to support Indian students abroad

Indian students represent 25 per cent of Niyo’s clientele, making this move a strategic alignment with a growing segment. In 2023 alone, over 1.3 million Indian students went abroad for higher education, a number expected to surpass 1.5 million by 2025. Niyo is aiming to capture 50 per cent of this market by FY26.