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The cost of sending money home.(NEWS)(value transfer system)(Brief article)
EACH YEAR, IMMIGRANTS across the United States send money to family in their homelands. Money transfer companies charge about $18 to send $300 a month--although it only costs a company $3 for a single transaction. Where does all the money go? Perhaps it made up the $16 million bonus that went to Western Union's CEO, Christina Gold, last year.
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Now, the Transnational Institute for Grassroots Research and Action (TIGRA) has organized immigrant groups from around ...
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Source: HighBeam Research, The cost of sending money home.(NEWS)(value transfer system)(Brief...