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WireCash Launches Money Transfer Marketplace

Wednesday, April 1, 2015 5:02:00 AM PDT | VentureDeal
   Santa Monica, California  --  Financial services technology company WireCash has announced the launch of what it calls the first online money transfer marketplace.

The service aims to integrate traditional off-line money transfer companies into its online platform in order to provide US residents with online access.

Users can login, compare money transfer services and complete money transfers based on a variety of criteria that suits their requirements.

The company says that currently there are about "20 million money senders in the United States, annually remitting more than $120 billion outbound.  Nearly 75% of the market is controlled by over 400 companies who are not currently operating online."

WireCash also says that it currently has five licensed money transmitters processing online money transfers to over 60 countries.

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