Western Union money transfers to India, made by people in Australia, are likely to be delayed due to the fact that the company is investigating fraudulent transfers made to India.
There has been a significant upsurge in international remittance activity in the past two years, with a number of cross-border mobile remittance services now being deployed, according to analyst firm Juniper Research.
The Commonwealth Bank (CBA) in Australia and UK banking group, Barclays, have collaborated to allow their retail banking customers to send money between the two countries using only a mobile telephone number.
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