Remittance amongst top opportunities in Payments, WorldRemit $40 M funding speaks of it again

Atleast 3 people who have spent more than a decade chasing Mobile Payments and Money business models have told me secretly that till 2012/13 even they used cheques (US checkbook is with their parents abroad in their native country). What does it mean? Remittance experience was broken for us, for the payment experts and for probably everybody. The Moneygram's and Western Union's of the world had not solved the problem. Either the charges were so high or the method was so complex and risky that people found it difficult to enjoy sending money home. I have high hopes from online/mobile and Bitcoin related innovations happening in remittance business.

WorldRemit says 'Global online money transfer service is disrupting ...

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