Thursday, 26 August 2010

Deal of the day: money-transfer companies evolve, as remittances rebound

Don’t underestimate remittances - according to the World Bank, developing countries receive two-thirds as much money from their workers abroad as they do from foreign direct investors.

But the money-transfer industry is fragmented, and needs to adapt to new competition, regulations and technologies. So like other sectors, it’s using the aftermath of the Great Recession to consolidate. Read more

No comments:

Post a Comment