Let's not forget that in most money transfer corridors the receiving side has the following characteristics: very low smartphone penetration very small data plan penetration very small post-paid penetration very small bank account penetration few usable cash in/ cash out stations business-unfriendly regulations Also, people don't just want to receive the founds, but be able to manage them in a simple "storage account" and use them as transaction funding sources for simple payments and domestics p2p services. Also, anything over 5% fee of the amount transferred is highly resented and is a psychological barrier.