Festive Friday: money transfers hit £31,5 million

On December 20, Britain’s global workforce are expected to transfer a record £31.5 million - to friends and family worldwide, according to statistics released by MoneyGram. Expected to be the busiest day of the year, the festive sends are anticipated to show growth of more than 20 per cent year on year.

Family Friday, which falls on the last Friday before Christmas, is the money transfer peak in a month in which £650 million is set to be sent abroad by those anxious to share their wealth with loved ones.

It is believed that more than 162,000 people in the UK, many of them Zimbabweans, will use money transfer services to give everything from the gift of financial security to a special seasonal treat over the festive period.

This global currency of giving makes a positive contribution at its origin and destination. The most generous nationalities are led by Romania, Bulgaria, Nigeria and India.

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