Value transfer system

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A value transfer system refers to any system, mechanism, or network of people that receives money for the purpose of making the funds or an equivalent value payable to a third party in another geographic location, whether or not in the same form.

A value transfer system may fall into one or more of these groups:

  • Institutional formal value transfer systems, e.g. SWIFT (International), LVTS (Canada), Fedwire (USA), KlickEx (Polynesia).

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