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Online money transfer services rise more and more, many people try them once and rely on sending money online. There are the many questions and issues where this blog tries to give answers:
- Which are the experiences and reviews in regards of the leading online money transfer providers?
- Which are your experiences with online money transfer services?
- How does it work to send money on mobile?
- How much does it cost to wire money?
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Tell us about your online money transfer service experience. Tell us your point of view. Maybe you can answer a “How to” issue or tell us an amazing story!
The international remittance market has grown exponentially, and it is not about to stop. According to World Bank statistics, a growth of 4-5% can be expected annually. The use of online services is one that has triggered this growth on massive levels. An area that was previously complacent in terms of new services is now full of ideas and …
Currency Transfer: An introduction
Online currency transfer to African and Middle Eastern countries is usually an extremely expensive exchange, some companies greedily shave a few dollars off your return. It can be ridiculously hard on your wallet, that’s why selecting a fair currency exchanger is so important.
Each year, billions of dollars are transferred to various countries using remittance services (e.g. money on mobile). According to a new report released by the United Nations International Fund for Agricultural Development (IFAD), migrants from developing countries sent home $445 billion in 2016. This amount is expected to rise by another $5 billion this year.
Recent years have seen a significant rise in global population movement, due mainly to unstable, war-torn areas like the Middle East and an increasing level of poverty in various regions of Africa.
Refugees and economic migrants, seeking their fortunes by working abroad, are eager to share their new earnings with the relatives and friends they have left behind.
Speedy International Remittances to Africa and the Middle East
Online money transfer services have revolutionised how to wire money from overseas to loved ones. Bank transfers and money transfer operators were the preferred methods of sending international remittances for a long time. However, the speed and charges associated with sending money to Africa and the Middle East were not particularly favourable, not to mention the exchange rates that factor in every transaction.
Money transfer services
are becoming more and more essential for our daily live.
If you are working overseas and you want to send money anywhere in the world, including the Middle East and African countries, the last thing you want is to have to put up with technological glitches, delays, and other restrictions.