International Money Transfer Is a Simple Click Away

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Digital access to international money transfer capability is driving usage and driving prices down according to new research from Mercator Advisory Group.

One of the 7 exhibits included in this research report

Market growth, the magnitude of the flow of funds, the opportunities that result from the pervasiveness of smartphone and internet access, plus the fragmentation of market providers have made this form of payment open to innovation.

Moving funds internationally, whether a once in a lifetime event or a weekly occurrence is becoming easier and more accessible. Brick and mortar locations are still very important to these transactions, but more transactions are going on-line and mobile providing greater access and improved transparency, thus enhancing the trust users have in providers.

Mercator Advisory Group’s latest research report, International Money Transfers: Simpler, Digital, and Cheaper, looks at the international wire and remittance business and the market forces that are shaping its growth.

“Trillions of dollars leave the U.S. in the form of an international wire or remittance. That number has experienced steady growth. Market growth, the magnitude of the flow of funds, the opportunities that result from the pervasiveness of smartphone and internet access, plus the fragmentation of market providers have made this form of payment open to innovation,” comments Sarah Grotta, Director, Debit Advisory Service at Mercator Advisory Group and author of the report.

Highlights of the research report include:

  • Understanding the fundamental characteristics of wires and remittances
  • Use cases for international money transfers
  • Market participants including new fintech providers
  • Causes of the downward pressure on pricing
  • Impact of U.S. regulation

This report is 18 pages long and has 7 exhibits.

Companies mentioned in this document include: Android, Apple, Bank of America, CFPB, Citi Bank, clearXchange, Facebook, J P Morgan Chase, LinkedIn, MoneyGram, Remitly, Ria, Samsung, SWIFT, TransferWise, Travelex, Venmo, Wells Fargo, Western Union, and Xoom.

Members of Mercator Advisory Group’s Debit Advisory Service and Global Payments Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.

For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700, send email to media@mercatoradvisorygroup.com.

For free industry news, opinions, research, company information and more visit us at http://www.PaymentsJournal.com.

Follow us on Twitter @ http://twitter.com/MercatorAdvisor.

About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com

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Karen Yetter
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