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    Initially, only banks used to offer the facility of online money transfer. To avail it, users

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    Online money transfer has simplified our lives in great many number of ways. First, it negated the need to stand in long queues in front of a bank counter, then it eased the entire method of sending money to beneficiaries, and even more, it started allowing customers to pay directly from their bank accounts. Such has been the popularity of online money transfer that today over half of all money transfers are done online. Interestingly, more and more innovative uses of online money transfers are evolving…and at this point of time, we can't really foresee how much more simplified online money transfer will make lives for us.

    Initially, only banks used to offer the facility of online money transfer. To avail it, users n

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    counter, then it eased the entire method of sending money to beneficiaries, and even more, it started allowing customers to pay directly from their bank accounts. Such has been the popularity of online money transfer that today over half of all money transfers are done online. Interestingly, more and more innovative uses of online money transfers are evolving…and at this point of time, we can't really foresee how much more simplified online money transfer will make lives for us.

    Initially, only banks used to offer the facility of online money transfer. To avail it, users

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    ir bank accounts. Such has been the popularity of online money transfer that today over half of all money transfers are done online. Interestingly, more and more innovative uses of online money transfers are evolving…and at this point of time, we can't really foresee how much more simplified online money transfer will make lives for us.

    Initially, only banks used to offer the facility of online money transfer. To avail it, users

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    more and more innovative uses of online money transfers are evolving…and at this point of time, we can't really foresee how much more simplified online money transfer will make lives for us.

    Initially, only banks used to offer the facility of online money transfer. To avail it, users

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    online money transfer will make lives for us.

    Initially, only banks used to offer the facility of online money transfer. To avail it, users needed an user id and password for respective accounts, which they could use to transfer money online from one account to the other. However, the major disadvantage of most online money transfer services offered by banks is that, users’ facility was limited only to account to account transfer within the same banks. This barricade, however removed gradually as patrons could start using online money transfer facilities given by banks to transfer money to other bank accounts.

    The real breakthrough in online money transfer was brought by private non-banking players, i.e. PayPal

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