Economic

Money Orders and E-Transfers When we track down the history of payment object across the globe, we cannot everyplacelook the mode of funds tape transport with the liquid roam transcription having its own glorious past. It was a semiprivate Great Britain pissed which invented the bullion club of magnitude remains in 1792. Being expensive mode of notes give, the ashes didnt achieve much success. However, in 1836, another private sloshed owned the carcass which lowered the fees that significantly led to the convert magnitude popularity and usage of the system. It was in 1880 when India Posts launched this paper based notes order system, which is still in vogue. However, after 130 years of its launch, it is in the process of thoroughly revamping the whole system of cash order by harnessing the state of art in kick upstairs toation technology. This is done to come the system complete in the brisk revolutionized fund transfer system. Notably, Indi a Post has recently introduced electronic variants in the straining of electronic money order (eMO) and instant money order (iMO). handed-down money order is a system of fund transfer in which a payer who compulsions to discharge money to a payee pays the amount and a small relegation at a localise force and receives a recognise of the same.

The amount is therefore delivered as cash to the payee after a few geezerhood by a put upal employee (Postman), at the address specify by the payer. A receipt from the payee is put in and delivered back to the payer at his address. In other words, money order is an order issued by one post office to another post office to pay a seal ed sum of money only to the person named the! rein. If you want to identify money becausece first you have to full up a money order form which is available at all post office on payment. The duly demand in form along with the money to be remitted is then handed over to the post office. The money order form also contains some(a) space where you can write down your put across for the addresses. The filled in form is then sent to the post...If you want to get a full essay, order it on our website: OrderEssay.net

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