Remittance firms sue Westpac as banks shun money transfer firms

An Australian court case is set to throw a spotlight on a steady retreat by Western banks out of the US$435 billion global remittance business, a trend that threatens to erode the livelihoods of hundreds of millions of the world's poor.

via South China Morning Post - Business feed http://www.scmp.com/business/banking-finance/article/1652715/remittance-firms-sue-westpac-banks-shun-money-transfer