Money transfer/remittance companies

Money transfer companies /remittance companies perform high volume low-value transfers generally byeconomic migrs back to their home country.In 2007, the Aite Group estimated that there were $369 billion of remittances (an increase of 8% on the previous year). The four largest markets (India, China, Mexico and the Philippines) receive $95 billion. The largest and best known provider is Western Union with 345,000 agents globally followed by UAE Exchange & Financial Services Ltd.