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.
No comments:
Post a Comment