NAICS Code 522320-10 - Money Transfer Service

Marketing Level - NAICS 8-Digit

Business Lists and Databases Available for Marketing and Research

Total Verified Companies: 12,410
Contact Emails: 22,845
Company Websites: 12,178
Phone Numbers: 12,312
Business Addresses: 12,410
Companies with Email: 998
Get Business List
NAICS CODE 522320-10
Reach new customers, connect with decision makers, and grow your business.
Pricing from $0.05 to $0.25 per lead
Ideal for: Direct Mailing Email Campaigns Calling Market Research ‐ Free Sample & Report, Custom Lists, and Expert Support — All Included
Looking for more companies? See NAICS 522320 - Financial Transactions Processing, Reserve, and Clearinghouse Activities - 27,119 companies, 105,303 emails.

NAICS Code 522320-10 Description (8-Digit)

Money Transfer Service is a subdivision of the Financial Transactions Processing, Reserve, and Clearinghouse Activities industry. This industry involves the transfer of funds from one location to another, either domestically or internationally. Money Transfer Service providers offer a range of services to their customers, including wire transfers, online transfers, and mobile transfers. These services are used by individuals and businesses to send money to family members, friends, or business partners in different parts of the world.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 522320 page

Tools

Tools commonly used in the Money Transfer Service industry for day-to-day tasks and operations.

  • Money transfer software
  • Mobile applications
  • Payment gateways
  • Anti-fraud software
  • Compliance software
  • Currency exchange rate calculators
  • Customer relationship management (CRM) software
  • Data analytics tools
  • Risk management tools
  • Transaction monitoring software

Industry Examples of Money Transfer Service

Common products and services typical of NAICS Code 522320-10, illustrating the main business activities and contributions to the market.

  • International money transfers
  • Domestic money transfers
  • Online money transfers
  • Mobile money transfers
  • Peer-to-peer money transfers
  • Remittance services
  • Cross-border money transfers
  • Instant money transfers
  • Bank-to-bank money transfers
  • Prepaid debit card transfers

History

A concise historical narrative of NAICS Code 522320-10 covering global milestones and recent developments within the United States.

  • The Money Transfer Service industry has a long history dating back to the 19th century when Western Union was founded in the United States. The company was the first to introduce electronic money transfer services in 1871, which revolutionized the way people sent and received money. In the 20th century, the industry saw significant growth with the introduction of new technologies such as the Automated Clearing House (ACH) system, which allowed for faster and more efficient electronic transfers. In recent years, the industry has seen a surge in growth due to the increasing popularity of mobile payment apps and digital wallets, which have made it easier for people to send and receive money across borders. In the United States, the Money Transfer Service industry has a more recent history, with the first money transfer company, MoneyGram, being founded in 1940. The industry saw significant growth in the 1990s with the introduction of new technologies such as the internet and mobile phones, which made it easier for people to send and receive money. In recent years, the industry has continued to grow due to the increasing demand for fast and secure money transfer services, particularly among immigrant communities. The industry has also faced challenges such as increased competition from fintech startups and regulatory scrutiny over issues such as money laundering and fraud.