What factors influence how people choose a channel for international money transfers?

Asked Sep 9, 2016· 1 answer
Faisal KhanAnswered Sep 9, 2016
Very open-ended question, as the variables differ from territory to territory. In general, some of the common factors are:

  • Strong endorsement (recommendation) from someone they know they can trust or have a rapport with.
  • Receive side recommendation
  • Cost, speed and ease
  • Familiarity

Other factors do come in play, but these (IMHO) are the most important ones.
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