WOCCU Eyes Kenya For RemittanceService

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ROME - (07/26/05) - The World Council of CUs hasdispatched a staffer to Nairobi, Kenya for the next six months tolay the groundwork for expansion of its International RemittanceNetwork in that country. IRnet, which offers a low-cost alternativeto other wire transfer firms, is used primarily by immigrantsworking in the U.S. to send money to families back home, primarilyin Mexico. But WOCCU CEO Pete Crear said the group believes thereis substantial opportunity now in the east African country forremittance services.

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