Money Transfer

How Hawala Works. (Image by Akshat Chauhan)

How the Hawala system of transferring money may work in Africa

by eCommunicator Hawala is a process of transferring money from one country to the other without moving it physically. The money transfer process involves trust and balancing of broker’s books; thus is made without promissory notes or other documentation. It originated in the 8th century from South Asia as an alternative […]

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