World Money Pay - Toronto Currency Exchange

World Money Pay® – Foreign Exchange, International Remittance & Payments. Buy and Sell USD Foreign Currency. Get Exchange Rates Up to 2% Better Than Banks. Contact Us to Start Saving Today! Highly Secure Process. Cheapest Exchange Fees. Best Rates Guaranteed. FINTRAC-Regulated. MSB Registration Number #M18879370.

In 2016, online transfers continued their remarkable growth expanding to 177 million transactions worth $68 billion. EFT payments have become the most common form of remote commercial payment, growing to account for more transaction volume than cheques by a large margin.

World Bank data sets the number at US$613 billion that was sent in remittances worldwide in 2017. In the same year, Canada received US$1.3 billion in remittances which represents 0.22% of total remittances sent worldwide. On the flipside, the US$24.6 billion that we sent overseas represents a much larger 4% of total remittances sent.

Canada sends over $30 billion in remittances worldwide every year.

Country Rank volume percentage of Total Remittances Sent from Canada
China 1 $5,387,225,438 17%
France 4 $1,685,755,792 5%
Germany 8 $1,052,950,815 3%
India 2 $3,739,767,801 12%
Italy 5 $1,393,745,585 4%
Lebanon 7 $1,108,807,017 3%
Philippines 3 $3,080,379,015 10%
United Kingdom 10 $739,213,877 2%
United States 9 $860,574,646 3%
Vietnam 6 $1,238,597,075 4%

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World Money Pay® - foreign exchange, international remittance & payments. Buy & Sell Foreign Currency. MSB Registration Number #M18879370.Top 10 remittance recipients in 2015 ($US billions): India ($72.2bn), China ($63.9bn), the Philippines ($29.7bn), Mexico ($25.7bn), Nigeria ($20.8bn), the Arab Republic of Egypt ($20.4bn), Pakistan ($20.1bn), Bangladesh ($15.8bn), Vietnam ($12.3bn), Indonesia ($10.5bn)

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