Money transfer companies/remittance companies perform high-volume low-value transfers generally
by economic migrants back to their home country. In 2007, the Aite Group estimated that there
were $369 billion of remittances (an increase of 8% on the previous year).
The four largest markets (India, China, Mexico and the Philippines) receive $95 billion.
The largest and best known provider is Western Union with 345,000 agents globally.
Send Money Home is an international money transfer price comparison site that allows
consumers access to a range of alternative products and rates available when remitting
(transferring) money worldwide.