How mobile telcos could make billions from international money transfer
Workers wait in line It must be disappointing to find at the end of a month, perhaps spent working under a hot sun in difficult conditions, that you can give away one entire day’s pay in just a few minutes on fees and commissions to send your monthly salary home. If you’re a South Asian expatriate, you could nevertheless count yourself lucky - it can easily cost two days pay to send a month’s wages home to some African countries. The money in your pocket that represents your hard work, handed over to someone in an aircon office who punches a few buttons to send your cash home safely to your parents - does that feel fair? Bill Gates , the G-20 , the European Council and the UN don't think so. The author's quest for new routes to market may involve trying novel paths Last year I was working in one of the less well-travelled countries of the Middle East. Among other things I was looking for the best return on an investm...