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When an immigrant sends money back to their home country, it is referred to as a "remittance." Remittances are often used to support family members, fund education, or invest in local businesses, and they play a significant role in the economies of many developing countries. This financial support can greatly impact the livelihoods of those receiving the funds.

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1mo ago

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Why have immigrant groups called for a boycott of western union?

Immigrant groups have called for a boycott of Western Union primarily due to high fees associated with money transfers, which they argue disproportionately burden low-income individuals and families. Additionally, there have been concerns about the company's practices and lack of transparency, which can exacerbate financial hardships for immigrants sending remittances back home. The boycott aims to advocate for fairer pricing and more equitable services in the money transfer industry.


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