Why Western Union Is Still King Of Remittances

P2P cross-border transfers - known as remittances - have long occupied a critically important role in the modern movement of money in emerging markets. The undisputed legacy champion in this field is Western Union, followed by a number of smaller but similar players like MoneyGram & RIA. These players have been celebrated for connecting diaspora populations with their home communities, but they have also been vilified for the outsized fees they collect - particularly along the transfer corridors

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