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International money transfer service OrbitRemit has announced the launch of a new transfer channel allowing expats around the world to move money to the United States cheaply and quickly, in a continuation of their efforts to revolutionise the online remittance space.
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An ambitious new service is seeking to change the face of the international money transfer industry – in a way that favours the needs of expats from developing countries.
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Excessive fees on international money transfer services are preventing billions of remittance dollars from reaching developing nations – so says former Secretary-General of the United Nations, Kofi Annan, who is calling for City of London regulators to apply stricter standards to money transfer services.
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