Linking to online remittance transfers

Christopher Doll's picture
Time scale: 
In the next 3 years

If Nokia (for example) could hook up with online pay services like paypal, remittances could be sent more effectively to people and would work on a peer to peer basis with the donor sending money through the internet direct to the phone. Depending on the amounts involved it could pose a challenge to traditional remittance houses like Western Union, who could also act as the intermediary. Either way, it would facilitate remittance transfers.

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