Sentences with phrase «remittance fees for transferring»

Not exact matches

When Jagmeet Singh, an Ontario MPP, introduced a private member's bill in May 2012 that called for a five percent cap on money - transfer fees in the province, he shed light on a relatively overlooked issue to most Canadians: remittance transfers...

This could disrupt the global remittance market, valued at $ 514 billion in 2012, by providing a less expensive method for direct transfers globally.8 Current providers may be forced to lower fees or be replaced by entrants like BitPesa, a mobile payment application for Bitcoin in the developing world.

In addition, the Act amends the Electronic Fund Transfer Act (a) to provide for limitations on interchange transaction fees; (b) to prohibit exclusive payment networks and routing restrictions for debit cards; (c) to limit the restrictions that credit and debit card networks may impose on retailers regarding discounts or transaction amount limits based on form of payment, and (d) to provide standards for remittance fee practices.