MonDeliv online payment system enables people making international money wire transfers to any bank account in other countries at lower cost than offered by Western Union or traditional commercial banks. MonDeliv helps to save customer money on banking fees for money transfers up to 300 EUR - it's cheap, fast, easy.
MonDeliv is different from competitors in a sense that that there is no need for receiver to register anywhere or pay extra fees for withdrawal (in contrast to PayPal, Dwolla, Skrill, etc.) as receiver gets money directly to his/her bank account, not some virtual wallet. Opaltransfer.com requires arrival to the bank in person and complex registration.
Initially system is planned to accept payments from outside Latvia to Latvian customers and then expand business in other countires. First customers are expected to be among those 350'000 Latvian residents living outside Latvia with relatives, friends or family remaining in home country, whom they are sending money.