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October 1, 2014   

Remittances // FAQs

 

Frequently Asked Questions

Where can money be sent?
In which countries are credit unions distributing remittances?

Why is IRnet better than a normal wire or the competition?

What marketing materials are available?

What is the market potential?

Who is the target market?

How do we sign up?

Where can money be sent?

Credit unions in the United States can send money anywhere MoneyGram and Vigo have agent locations. Please visit their websites for the most current listing.

In which countries are credit unions distributing remittances?

See the list of IRnet® agent/payer credit unions on our website.

How do the money transfer products available through World Council’s program differ from a normal wire or the competition?

What marketing materials are available?

Brochures, posters, flyers, sample newsletters, articles and example radio/TV spots are available. For further information, please contact us.


What is the market potential?

Who is the target market?

Recent immigrants, especially Latinos, and expatriates frequently use transfer services to send money to friends and relatives back home. Many of these individuals are unbanked and therefore carry large amounts of cash in hand. Nearly 70% of these individuals send money back home.

Providing remittance services is a way for credit unions to attract new members and serve people who would otherwise not have access to traditional financial services.


How do we sign up?

To get started offering remittance services through IRnet® follow these steps.