Kofi Annan calls for investigation into money transfers

See on Scoop.itMoney & Payments

Former UN secretary general Kofi Annan is set to call for a full investigation by City regulators into the likes of MoneyGram and Western Union after his Africa Progress Report organisation accused the money transfer industry of ripping off the African diaspora to the tune of $1.8bn a year.

Faisal Khan‘s insight:

There is a fine writing on the wall, nothing lasts forever. You may debate the subject, but things are changing. Remittances WILL get cheaper without any adverse effects on Quality or Speed. Information as a value (think Ripple) would be one of the driving keys.

See on www.independent.co.uk

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