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Western Union is the world's leading handler of remittance and the 170,000 Western Union agents handle about 25 percent of the total global remittance traffic. [10] Other companies such as MoneyGram have also been a key player for decades. Pure play money transfer providers may be owned by parent companies with more diverse interests.
With the exception of the 2008 global financial crisis, remittances sent from the U.S. have been consistently climbing for the past half century. [4] This major increase in remittances can be partially attributed to the larger population of immigrants and migrant workers, [5] as well as to increasing globalization in the financial and money ...
Remitly is an American online remittance service based in Seattle, United States that offers international money transfers to over 170 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the Nasdaq exchange in September 2021.
Shares of Remitly Global ... Remitly continues to gain market share and grow its customer base in the large remittance industry as active customers rose 5.4 million to 7.3 million, and send volume ...
As for remittances, the fact that transfers in PYUSD will be converted to local currencies for the recipient mean the new service won't have a noticeable impact on the overall supply of PayPal's ...
Growth is accelerating for this remittance upstart.
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