$100 bln is sent home by US immigrants annually

Wire-transfer companies still control 70% of the remittance market, which gives them a $4.2 bln slice of an estimated $6 bln in annual transactions fees.

Wire-transfer companies still control 70% of the remittance market, which gives them a $4.2 bln slice of an estimated $6 bln in annual transactions fees. Western Union made $1.3 bln from money transfers alone in 2004. Banks are gaining ground, now holding about 11% of the remittance business.

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