Here are some of the key takeaways: Digital's share of the global remittance industry is still fairly small at 6% — but growth is extremely fast at digital-first startups and legacy companies. Fourteen year-old Xoom makes more revenue from electronic channels than 75 year-old MoneyGram, the second-largest remittance company in the world. Startups are undercutting incumbents' fees in certain corridors; however, legacy firms have matched prices in many major corridors.

http://www.businessinsider.com/moneygrams-digital-business-inches-forward-2016-8?utm_source=feedburner&utm_medium=referral