Listing ID #3819110
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Market Size – Money Transfer Business India
The domestic money transfer business offers a colossal opportunity for individuals to become money transfer agent (money transfer agency). As a proxy indicator of the size of the domestic remittance market, India Post handled 96 million money orders last year. 1 With an average remittance of Rs.780 the total value comes to around Rs.75 billion. This is just a fraction of the total size of the remittance business in India, as most domestic remittances follow other formal and informal routes.
The online money transfer business or the money transfer agency provides huge earning potential in terms of commissions earned on domestic as well as international money transfer. The volume of the money transfer business is very high resulting into huge profits for the agents and thereby achieving self sufficiency in terms of income generation. It has become a very lucrative business for most individuals desirous of starting business of their own.
Become VA digital bharat Money Transfer Agent In 3 Simple Steps
Money transfer facility in the digital India portal has been started, according to this facility of digital India portal, you will be able to transfer money. In just a few minutes you can provide good service to your customer. Please use this service and help people
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