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International money transfer is a simple click away
Digital access to international money transfer capability is driving usage and driving prices down.
Published on: October 12, 2016 Author: Sarah Grotta Alternate Point of Contact: Amy Dunckelmann
Mercator Advisory Group’s latest research report, International Money Transfers: Simpler, Digital, and Cheaper, looks at the international wire and remittance business and the market forces that are shaping its growth.
“Trillions of dollars leave the U.S. in the form of an international wire or remittance. That number has experienced steady growth. Market growth, the magnitude of the flow of funds, the opportunities that result from the pervasiveness of smartphone and internet access, plus the fragmentation of market providers have made this form of payment open to innovation ,” comments Sarah Grotta, Director, Debit Advisory Service at Mercator Advisory Group and author of the report.
This report is 18 pages long and has 7 exhibits.Companies mentioned in this document include: Android, Apple, Bank of America, CFPB, Citi Bank, clearXchange, Facebook, J P Morgan Chase, LinkedIn, MoneyGram, Remitly, Ria, Samsung, SWIFT, TransferWise, Travelex, Venmo, Wells Fargo, Western Union, and Xoom.
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