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Click to skip ahead and jump to the 5 biggest money transfer companies in the world. Nowadays, the world is more connected than ever. With air travel becoming incredibly common in the last few ...
Dahabshiil (Somali: Dahabshiil, Arabic: دهب شيل) is a Somali funds transfer company, and is the largest money-transfer business in Africa. [1] It's headquartered in Burao Somaliland. [2] Formed in 2004, the firm operates from over 24,000 outlets and employs more than 2,000 people across 126 countries. [3]
Western Union Telegraph Building, lithograph. The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, [3] the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph ...
Although Western Union is the largest of the remittance focused companies, they certainly aren't the only one. MoneyGram is likely its next largest global competitor with around $20 billion in transfers handled each year. These companies are able to earn extremely high-profit margins on their relatively inexpensive services.
Ria Money Transfer is a subsidiary of Euronet Worldwide, Inc., which specializes in money remittances. [ 2 ] [ 3 ] [ 4 ] Ria initiates transfers through a network of agents and company-owned stores located throughout North America, South America, Europe, Asia-Pacific, Africa, and online.
In addition to money transfers, the company lets you pay bills and find Western Union locations in the app. Why Western Union Stands Out Western Union has a presence in all but two countries in ...