Ukrainian workers in Europe transfer many Euros back home to their relatives and the amount is increasing. News out of Ukraine is that the tendency of Ukrainian workers in Europe to use electronic money transfers will increase during 2007.
The entry of large money transfer companies will increase competition in the money transfer business and will increase awareness of new money transfer solutions through abundant advertising.
As of now the primary means of money transfer is through existing banking methods which is the traditional wiring of money from one bank branch to another. So far there is not much use of stored value cards or card-to-card transfers. International Personnel Management, LLC (IPM) is positioned to change that.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment