Lesson #186

The quest to make international money transfer faster and cheaper

Sending money via money-transfer agents or even large banks is slow and expensive. To make a transfer work, several banks charge fees; the process takes a long time; and consumers don't get the best exchange rate. Consumers get the worst deal when they send or receive money in cash. But new financial technology companies are starting to offer faster service and better rates. Plus, learn the English phrase "on hand."