Toast, like a number of other startups in the region, caters to the large number of migrant workers, who have traditionally been reliant on services like Moneygram or Western Union for sending most of their salary back home to family. Founded in 2015, Toast offers an Android app which takes cross-border remittance digital and cuts out the fees, which can amount to as much as one month of salary over the course of a year of monthly payments. Rather than burning the current system down and starting afresh, Toast works with existing local remittance stores and kiosks, which help recipients collect money. It does, however, it disintermediates the big firms, like Western Union, who profit the most from these basic overseas transactions.

https://techcrunch.com/2016/11/10/toast-funding-cross-border-remittance-payments/