Roughly 80% of WSBI member savings banks in Africa are somehow involved in the remittances often as agents of money transfer operators (MTOs). And for a while, they partnered up exclusively with dominant MTOs (Western Union, Money Gram). Today, savings banks have developed business coop- eration with new and promising MTOs (Money Express, Choice Money Transfer, Eurogiro, etc.) However, taken into account the postal background of some of these members, it is important to recall that post offices have been involved in the remittance business for ages with paper orders, which predated modern e-transfer solutions, which took time to accommodate low.
