Sensational title without any facts to support it... If you speak to enough low-income consumers who send money abroad, you might quickly discover that there is no "tragedy", nobody "gets robbed"... and, what is most puzzling, they are not that eager so save on sending money. Why?

It is not because they lack infrastructure. A large portion of SaveOnSend' "cash" users have a smartphone and a bank account which could be easily linked for an online money transfer. BUT they overwhelmingly prefer to use a cash agent network, and, as the result, are paying 3-5-10 times more for sending money home.

It seemed odd, so we specifically surveyed such users - their response was consistent: they loved their local cash agent! That person has been helping them for years and become more like a friend who brings gifts on Thanksgiving for kids. It seems to be a basic human trait that transcends income levels - we are ok to spend extra on positive emotions, be it with a local cash agent and on an extra $15 drink.

See the striking difference in margins between sending money by cash vs. online with our free tool at https://www.saveonsend.com/