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This activity is known as "remittance business" . Banks issue Demand Drafts, Banker's Cheques, Money Orders etc. for transferring the money. Banks also have the facility of quick transfer of money also know as Telegraphic Transfer or Tele Cash Orders.
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www.banknetindia.com/banking/remitance.htm
www.banknetindia.com/banking/remitance.htm
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The money transfer sector is booming in the Gulf and remittance rates are becoming increasingly competitive, reported Gulf News. In the UAE, those seeking instant transfers now pay around Dhs20-40 per transaction to wire money home in just a ... Find a business or franchise for sale or advertise to sell your business...
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www.ameinfo.com/96359.html
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I had a situation over the weekend, where I was faced with a choice of having someone send money instantly to me while I was in Eldoret - and this led to a discussion of the cash remittance business in Kenya; Past;
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bankelele.blogspot.com/2005/09/money-transfer-within-ke...
bankelele.blogspot.com/2005/09/money-transfer-within-kenya.html
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Remittance business grows, banks' share of it still small from Northwestern Financial Review provided by Find Articles at BNET ... Business Publications ... Remittance business grows, banks' share of it still small Northwestern Financial Review, Sep 15-Sep 30, 2005 1 2 Next Remittance money sent by immigrants to their...
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findarticles.com/p/articles/mi_qa3799/is_200509/ai_n156...
findarticles.com/p/articles/mi_qa3799/is_200509/ai_n15614096/
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The amount of cash strip-mined from the United State in remittances each year is now up to a stunning $100 billion. Amoral banks see the remittance senders (many of whom are illegal) as just another business opportunity.
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www.limitstogrowth.org/WEB-text/archive-jan06.html
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MANILA, Philippines--Globe Telecom Inc. ... The remittance business will be handled by G-Exchange Inc., the operating unit of Globe that also takes care of the Gcash business.
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business.inquirer.net/money/breakingnews/view/20080903-...
business.inquirer.net/money/breakingnews/view/20080903-158365/Globe-Telecom-enters-14-B-remittance-business
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Over the years, BPI Remittance Business Division has been catering to the funds transfer requirement of individuals abroad through its remittance products and services.; Given the overseas remittance offices, along with its several alliances, the BPI Remittance products are made available to all the Filipinos worldwide.
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info.bpiexpressonline.com/bpiprod/prodserv.nsf/Remittan...
info.bpiexpressonline.com/bpiprod/prodserv.nsf/Remittance/RemittanceMainPage?OpenDocument
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By Jeremy Scott-Joynt ; BBC News Online business reporter ... For instance, measures to reduce the cost of sending money could inflate remittance flows significantly, while easing the tight currency restrictions prevalent in many developing nations would also narrow the price gap between informal and formal avenues...
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news.bbc.co.uk/2/hi/business/3516390.stm
news.bbc.co.uk/2/hi/business/3516390.stm
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siteresources.worldbank.org/INTPROSPECTS/Resources/3349...
siteresources.worldbank.org/INTPROSPECTS/Resources/334934-1110315015165/MD_Brief8.pdf
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