Incumbents such as Western Union and MoneyGram do it. Traditional players do it. So, still, do some banks. And Telcos do too in some markets. The “it” is enable people to move money to each other in and between countries. Hugo Cuevas-Mohr shares insights gleaned from his work with money transfer professionals from all over the world about the remittance market, the role of traditional players, banks and telcos and who has the edge as this $500 billion industry evolves.
The following are the questions and answers provided by Hugo Cuevas-Mohr when interviewed by PYMNTS.com over his document “Are Telcos, Money Transfer Companies (MTOs) and Banks on a collision course over remittances?” (The document can be downloaded from there).
Click the questions below to open the answers. Please give us your comments and join the conversation here.