Tens of thousands of refugees are on the move across Europe. For financial service providers such as Western Union, they're an attractive market. But despite their often high fees, such services are the only way for many refugees to obtain funds.
For many countries in Africa, money transfers from citizens living abroad are an extremely important source of income - sometimes even more so than development aid. But there are drawbacks, says DW's Ludger Schadomsky.
Tens of thousands of migrants on the move across Europe are an attractive market for financial service providers like Western Union. The world leader in the cash wire transfer business charges exorbitant fees.
Market meltdown - Kaesong closure a lose-lose move for Koreas - How Western Union profits from refugees
Austria's foreign minister, Sebastian Kurz, has called for drastic consequences for countries which fail to take back their asylum-seeking citizens. Following the recent Berlin attack, he also called for tighter borders.
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