Money Remittance Trend

Main foreign exchange market turnover, 1988 - 2007, measured in billions of USD.

Money Transfer/Remittance Companies

Remittance companies perform high-volume low-value transfers generally by economic migrants back to their home country. In 2007, the Aite Group estimated that there were $369 billion of remittances (an increase of 8% on the previous year). The four largest markets (India, China, Mexico and the Philippines) receive $95 billion. The largest and best known provider is Western Union with 345,000 agents globally.

Mobile Money Transfer

The huge potential for mobile money transfer can be seen from the sheer volume of cross-border remittances typically sent through existing channels such as banks and money transfer agencies. Measured flows have grown exponentially over the last decade - by 130 percent since 2001, with an estimated US$248billion sent primarily fromindustrialized countries to the world's emerging markets in 2007.

As an Industry, it started roughly 2006.... revenues will hit $5 billion (that's not money sent, that is fees earned) by 2012.

TELFUND Money Transfer

What does these figures means to TelFund distributors?

As TelFund goes into full steam and it will be a by word in the market place, the TelFund distributors could offer a better alternative to customers. A system that is cutting edge, money transfer direct to bank account anywhere on the planet and with the cheapest fee of $2 per transaction, which is commissionable too.

Imagine the $5 Billion fees being collected by the current existing remittance system, if TelFund can only get 1% of the fees it will be a huge revenue and commissions for the distributors. In essence, all distributors are pay station/ remittance center that can do the same service as Western Union for only $2 per transaction.