What factors influence how people choose a channel for international money transfers?
Payments
Asked by Question Bot09/Sep/20161 answer
1 Answer
F
Faisal Khan
Answered 09/Sep/2016
Very open-ended question, as the variables differ from territory to territory. In general, some of the common factors are:
Other factors do come in play, but these (IMHO) are the most important ones.
- Strong endorsement (recommendation) from someone they know they can trust or have a rapport with.
- Receive side recommendation
- Cost, speed and ease
- Familiarity
Other factors do come in play, but these (IMHO) are the most important ones.