Sentence examples for remittance services from inspiring English sources
Britain's government has set up a website where rival remittance services can be compared.
The remittance services sector has been choked in the UK, as well.
More bank accounts, meanwhile, help individuals take advantage of newer, lower-cost remittance services.
Thirty-three of the 48 American banks that offer international remittance services are in the mid-west, and America's bank regulators are encouraging the efforts.
Through remittance services, banks also hoped to draw these immigrants -- more than half of whom do not have bank accounts -- into the formal financial sector.
Like other Internet remittance services, Xoom makes transferring money more convenient by letting people send it overseas electronically from PCs or mobile phones.
The market for digital money transfer globally is valued at an estimated $5 trillion to $10tn, according to data from Taavet Hinrikus, co-founder of remittance service TransferWise.
The idea is to tap into the more than $250 billion a year that immigrants and migrant workers send to relatives and friends back home.Britain's Vodafone and America's Citigroup are also launching an international money-transfer service developed from the M-PESA remittance service which is already operating successfully within Kenya.
In February, Smart Communications launched Smart Remit, a low-cost remittance service using the mobile phone as a financial service platform.
"By launching a low-cost remittance service Pockit is saving our customers money and providing a service that suits their lives.
The company operates several Bitcoin-based services, including a remittance service, a Bitcoin exchange and an app that allows users to invest bitcoin in international stocks.
