Episode 4 discusses the fundamentals of international money transfers, building from Personal Transfers and remittances - P2P - Person to Person, to the transfers involving businesses, P2B, B2P and B2B. We saw how technology and migration impacted the development of the industry; now I will explain how the information of the payment to be made across the world and the value of the transfer, goes from origin to destination, from sender to beneficiary. Sending money internationally may sound easy but a very complex system has been built to achieve cross-border transfers and payments in an efficient, fast and secured way and as cheap as possible. I will guide you through the details of the channels, the market participants and the challenges the industry faces to serve their clients.