Western Union's Transfers, Globally, 2003
As a major global facilitator
of funds transfers among consumers, Western Union's experience is
very revealing. Many of the cross-border transfers are remittances from
migrants to their home country. As a result, the richer regions of the
world - principally the US and Western Europe - are the origin
of most transfers, while poorer regions are typically the beneficiaries.
Source: The company and Nechtain