Value Transfer System

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Information About

Value Transfer System

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

Informal Value Transfer System s, e.g. Hawala .

Retail value transfer systems:

---Traditional retail value transfer systems, e.g. Western Union . (Also, Bank s and Post Office s usually support various forms of transferring funds.)

--- Internet -only value transfer systems, e.g. PayPal , XchangeAGENT ,or Electronic Money .

Institutional formal value transfer systems, e.g. SWIFT .

EXTERNAL LINKS

1996 paper: The Effect of Internet Value Transfer Systems on Monetary Policy