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Today, when cash moves much faster and electronic money transfers are routinely used by millions, an invisible war is wagered by traditional service providers and innovative peer-to-peer (P2P) operators. The latter are fighting an uphill battle to unseat the current elite, while banks and money transfer giants such as MoneyGram and Western Union are clinging to their dominant position. They’ve got the numbers, the expertise and the political support, but nothing can indefinitely stop the advancements of technology.
Who are the peer-to-peer money transfer services?
TransferWise, Azimo and CurrencyFair are just a few of the important players in this highly competitive ... (read more)