The following is a petition from avaaz.org to try to reduce the usurious fees Western Union charges for money transfers to some of the world's poorest nations:
This holiday season, Josh, a Kenyan student in the Netherlands, scraped together a year's worth of savings and sent it home to support 10 struggling family members. Shockingly, the giant money transfer company Western Union skimmed off 20% of the cash meant for Josh's family in fees.
Josh’s story is painfully retold every day, the world over, on a staggering scale -- an estimated $44.3 billion worldwide was lost in transfer fees last year! The World Bank recommends that transaction costs not exceed 5% of the total, but Western Union has never faced serious pressure to lower its crippling charges. If we unite in a global outcry now, we can expose its predatory practices when its carefully crafted, family-friendly image is most vulnerable: the giving season.
Josh's generosity -- and that of millions of workers around the world -- shouldn't go to waste! Let's call on Western Union to lower its fees to 5% for the poorest countries, and when the petition reaches 250,000 we’ll deliver it to the company’s image-sensitive board of directors. Sign now and then forward this petition to family and friends.
Showing posts with label western union. Show all posts
Showing posts with label western union. Show all posts
Thursday, December 30, 2010
Subscribe to:
Posts (Atom)