Online money transfer app usage surged 11% in July according

Online money transfer app usage surged 11% in July according to App Annie data, translating into likely quarterly revenue gains. Such retail adoption rates often precede upward stock revisions by market analysts. A spokesperson for Munger, who declined to be interviewed, offered a simpler explanation for his activism. Wire transfers are fast: When a loved one needs cash fast or you need to complete a transaction quickly, a domestic wire transfer can move the money within hours or even minutes. Emerging market growth continues to be the core driver for the online money transfer sector, with Africa and Southeast Asia posting double-digit transaction increases. This geographic spread enhances investor confidence in diversified revenue pipelines.