Money transfer: Pay what you want
Rajesh had a great discussion with CNBC regarding Xendpay. This included commentary on the global remittance ‘scandal’ and social imperative behind the new platform. It also connected with Kofi Annan’s belief that the remittance industry is ‘unethically expensive’, building into the larger narrative underpinning Xendpay’s move to a ‘Pay What You Want’ business. Watch the video here.
Founder of money transfer service Xendpay, Rajesh Agrawal, says that their company allows customers sending remittances back to developing countries to only tip what they want for their service.