The US started receiving data from Swift, a money transfer system based in Brussels which handles millions of transactions daily.
In Kenya, the M-Pesa mobile money transfer system was launched in 2007 and is now woven into the fabric of everyday life.
Shoppers in Kenya will do it by texting a cashier equipped with a relatively cheap handset like the Nokia 1208 essentially a face-to-face version of the M-PESA money transfer system.
When she first went to Kenya to learn how to set up a money-transfer system, she intended to stay for three months.
But there is also, equally clearly, a rather big difference between a cheap money-transfer system like M-PESA and a full lending bank like Citicorp.
The interest in the video is the idea that payment (in this case, tipping) could be a smart-system transfer of a non-money asset, if valued by the payee.
Posing as money launderers, DEA agents picked up bags of cash from the bad guys at hotels and parking lots and sent the funds into the U.S. financial system after getting wire transfer instructions from money brokers.
In India, where things too often are still done in triplicate, Andhra Pradesh's pioneering e-seva system lets people pay their utility bills, transfer money, buy railway tickets and so on.
Before Sept. 11 it was easy for Sudeith to transfer money to his contacts using the anonymous, centuries-old Middle Eastern banking system known as hawala.
Once we start seeing consumers numbering in the hundreds of thousands and money moving in the billions, then Bank Transfer Day could leave its fingerprint on the American financial system.
The Europe-based organization that clears money transfers, known as Swift, this month banned 20 Iranian financial institutions from using its international bank-transfer system.
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