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Remittances and money transfer services provide new opportunities for microfinance institutions: Microfinance institutions that offer money transfer services can turn remittance recipients into microfinance clients.
Migrant workers are sending billions home using mobile phone money transfer services.
In Kenya, the M-Pesa service uses phones to offer money transfer services.
Banks have become particularly cautious of money transfer services such as Western Union, which are perceived as particularly open to abuse.
7-Eleven, with more than 21,000 stores, will offer Western Union money transfer services through its automated teller machines and continue selling Western Union money orders.
The best international money transfer services allow you to send money from your personal current account easily and securely at great exchange rates.
Similar(19)
TransferWise (London, UK) Money transfer service.
Get competitive exchange rates, free online transfers and expert advice with the Guardian money transfer service.
The money went into an account held in the name of the money transfer service, TransferWise.
One increasingly popular option is to use an international money transfer service such as HiFX.
Then get a quote from an international money transfer service to see if it can offer a more generous deal.
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