With over $857 billion of international bank transfers taking place in 2023, not to mention domestic transfers, the world already supports a vast number of money transfers. Because of this huge demand, a wide range of platforms exist to help you send money wherever you need.
Did you know that more than 90% of consumers now use digital payments for their transactions? It seems that digital payments are now mainstream and embedded in everyday consumer activities and retail transactions.
Millions of migrant workers, families, and businesses send money back home every month. In 2022 alone, $800 billion flowed through the accounts of migrant workers to support their loved ones.
Sending money across international borders has become a routine necessity for many, and technology continues to simplify the process. Today, you can send money internationally through various platforms, and PayPal is one of those options. However, questions about PayPal international fees often arise.
Trying to decide between Western Union and MoneyGram for your money transfer needs? Our guide compares the pros and cons of each to help you choose the right service for you.