Politics in Haiti > Forum

New Rules For Money Transfer

Bernadette - June 2 2012, 11:22 AM

New Rules for Money Transfers, but Few Limits
Published: June 1, 2012

Analysts expect the market for money transfers to grow. The value of cross-border transfers is expected to reach $437 billion in 2012, up from $387 billion in 2009, according to the Aite Group, a research and advisory firm. In the United States, this is led partly by a growth in transfers to China and India and an influx of immigrants from western and eastern Africa, said Larry Berlin, an analyst with First Analysis in Chicago.

Western Union and rival companies are poised to profit.

Western Union, with the largest share of the market at nearly 18 percent, recorded $4.2 billion in transaction fees last year, up 4 percent from 2010. The fees accounted for more than 75 percent of the company

REPLY to this message

<Prev Next >
Return to Message List

< Prev Next Topic >