World Money Pay® – Foreign Exchange, International Remittance & Payments. Buy and Sell USD Foreign Currency. Get Exchange Rates Up to 2% Better Than Banks. Contact Us to Start Saving Today! Highly Secure Process. Cheapest Exchange Fees. Best Rates Guaranteed. Safest International Money Transfers. FINTRAC-Regulated. MSB Registration Number #M18879370.
In 2016, online transfers continued their remarkable growth expanding to 177 million transactions worth $68 billion. EFT payments have become the most common form of remote commercial payment, growing to account for more transaction volume than cheques by a large margin.
World Bank data sets the number at US$613 billion that was sent in remittances worldwide in 2017. In the same year, Canada received US$1.3 billion in remittances which represents 0.22% of total remittances sent worldwide. On the flipside, the US$24.6 billion that we sent overseas represents a much larger 4% of total remittances sent.
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World Money Pay Currency Exchange services clients in Toronto, Mississauga, Brampton, Oakville, Burlington, Caledon, Bolton, Concord, Vaughan, Woodbridge, Burlington, Etobicoke, Ajax, Pickering, Scarborough, Oshawa, Hamilton, Niagara Falls, St. Catharines, Montreal, Calgary, Edmonton, Saskatoon, Winnipeg, Vancouver, Victoria, Banff, Whistler, Pickering, Barrie, Lethbridge, Stoney Creek, Grimsby, Burnaby, Cambridge, Kingston, Surrey, Windsor, Richmond, Georgetown, Aurora, Orangeville, Scarborough, Halifax, Kitchener, London, Cornwall, Brantford, Peterborough, Milton, for foreign Exchange.
Country | Rank | volume | percentage of Total Remittances | Sent from Canada | |
---|---|---|---|---|---|
China | 1 | $5,387,225,438 | 17% | ||
France | 4 | $1,685,755,792 | 5% | ||
Germany | 8 | $1,052,950,815 | 3% | ||
India | 2 | $3,739,767,801 | 12% | ||
Italy | 5 | $1,393,745,585 | 4% | ||
Lebanon | 7 | $1,108,807,017 | 3% | ||
Philippines | 3 | $3,080,379,015 | 10% | ||
United Kingdom | 10 | $739,213,877 | 2% | ||
United States | 9 | $860,574,646 | 3% | ||
Vietnam | 6 | $1,238,597,075 | 4% |
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World Money Pay® - foreign exchange, international remittance & payments. Buy & Sell Foreign Currency. MSB Registration Number #M18879370.Top 10 remittance recipients in 2015 ($US billions): India ($72.2bn), China ($63.9bn), the Philippines ($29.7bn), Mexico ($25.7bn), Nigeria ($20.8bn), the Arab Republic of Egypt ($20.4bn), Pakistan ($20.1bn), Bangladesh ($15.8bn), Vietnam ($12.3bn), Indonesia ($10.5bn)