Telcos’ Impact on Money Transfer Market

Right now there are many unbanked, low income people who transfer money using informal networks having high transaction cost and are susceptible to fraud and theft. This parallel economy is starting to turn heads of major telecom companies throughout the world to counter their shrinking profit rates and slow subscriber rates […]

STATE OF MONEY TRANSFER IN PAKISTAN:

Money transfers are widely used throughout Pakistan. The major form of this transfer is electronic and the major customers are businessmen and people employed in cities away from their homes. With the growing number of transactions each day, several services are being established throughout the country each promising better facilities and […]

HOW REMITTANCES CAN HELP PAKISTAN DEVELOP?

State bank of Pakistan reported that remittances sent by Pakistani workers working overseas increased in the first quarter of 2018-2019. According to the report, an amount of 5.419 billion dollars was remitted by the workers during the period from July 2017 to September 2018. Saudi Arabia remained the largest contributor to remittances […]

Precautions before sending money

People are highly dependent upon the process of sending and receiving money by different means. Convenience always comes at risk. The complexity of modern world has created so much chaotic ideas about the legitimacy of money transferring companies. Of course everybody wants their money to be safe and saved. Mentioned below […]

HOW POOR FAMILIES RELY ON MONEY TRANSFER?

Poverty reduction and elimination are one of the major global issues. There are many underlined causes but governments are somehow failing to develop an ideal solution to cope up with it. However, due to the fact that the government is responsible for poor people of their country, there are many poverty […]