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Money transfer

From Wikipedia, the free encyclopedia

Money transfer generally refers to one of the following cashless modes of payment or payment systems:

Cash-based wire transfer systems

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  • al-Barakat, an informal money transfer system originating in the Arab world
  • Currency exchange, transfer for of one currency to another
  • Hawala (also known as hundi), an informal system primarily used to send money
  • Remittance, a transfer of money by a foreign worker to his or her home country

See also

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