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Western Union was the first global money transfer operator to offer international money transfer services in Myanmar after investment and trade sanctions were eased last year.
Specifically in cash to cash transaction offered by International Money Transfer Operators (IMTOs) the cost is around 7.
In a statement, the AfDB said not-for-profit organizations like migrant associations and NGOs working on migration and development related activities, profit entities such as financial institutions, money transfer operators, business development companies, etc.
SwiftRemit provides the first truly global platform for person-to-person payments, by connecting banks, money transfer operators (MTOs) and other types of supervised payment institutions over the highly secure and stable network.
The service benefits from a robust, open ecosystem of multiple banks, money transfer operators, billers and service providers.
That cost includes a transaction fee and an exchange rate margin, and represents the average cost of transferring money through commercial banks and money transfer operators.
com)-- Some of Africa's top mobile money transfer operators, financial institutions and high-tech innovators will gather for the annual MMT Africa conference and expo from 10-11 May in Nairobi, Kenya which is still considered THE hub for mobile money transfer initiative and success.
The inclusion of UBE as an EzRemit global partner will help firmly establish EzRemit as a leading money transfer operator with a strong global footprint.