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Money Transfer Business

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  • Published date: January 15, 2019
  • Modified date: January 28, 2020
    • Malad West, Mumbai, Maharashtra, India

The domestic money transfer business offers a colossal opportunity for individuals to become a money transfer agent (money transfer agency). As a proxy indicator of the size of the domestic remittance market, India Post handled 96 million money orders last year. 1 With an average remittance of Rs.780, the total value comes to around Rs.75 billion. This is just a fraction of the total size of the remittance business in India, as most domestic remittances follow other formal and informal routes.

Phone Number: 02242383838

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