Editing Informal value transfer system (section)

{{Financial market participants}}

An '''informal value transfer system''' ('''IVTS''') is any system, mechanism, or network of people that receives [[money]] for the purpose of making the funds or an equivalent value payable to a third party in another geographic location, whether or not in the same form. Informal value transfers generally take place outside of the conventional [[banking system]] through [[non-bank financial institutions]] or other [[business]] entities whose primary business activity may not be the transmission of money. The IVTS transactions occasionally interconnect with formal banking systems, such as through the use of [[bank account]]s held by the IVTS operator.