Money transfer companies are popping up daily. Despite how many options customers have, new entrants aren’t afraid to compete against existing players such as Western Union, MoneyGram, PayPal, and traditional banks.
Many e-commerce experiences are straightforward. It’s easy to buy and receive physical products, digital items, and services from established businesses like Amazon, Best Buy, GoDaddy, Fiverr, and others.
Millions of people from developing and emerging countries relocate to developed countries to earn higher wages, for example, Latin Americans who migrate to the United States for work.
The year was 2013, and Alexa von Tobel launched LearnVest to bring financial planning to the masses. Instead of paying enormous fees, LearnVest would make financial planning accessible to everyone.
There is a fierce battle taking place in the lucrative foreign exchange (forex) market. At the retail level, many forex companies are vying for our business.
It’s been more than a year since I’ve been using TransferWise for foreign exchange transactions and sending money abroad. To date, I’ve transferred £24.4K and saved £760. I previously used PayPal to send money but switched after I reviewed their currency conversion fees, which are relatively high.