HAWALA
NOT ON GRAJ.

A sender pays a broker in one country; a broker in another pays the recipient. No funds cross the border for that transaction — the two brokers hold a running balance and settle it later, often by netting against flows in the opposite direction.

It reaches places banks do not, settles in hours rather than days, costs less than correspondent banking, and needs no account. For a migrant worker sending money home or a trader paying a supplier, those are the only four things that matter.

Value transfer is a licensed activity in most jurisdictions, and operating outside that licensing is an offense regardless of intent. Informal does not mean unregulated, and the distinction matters to anyone using it in a business.

A platform claiming to serve commerce everywhere cannot pretend the formal banking system is the only way value moves. GRAJ does not operate, facilitate or integrate hawala — it is not a money transmitter — and this page is here because pretending the system does not exist would be a worse kind of dishonesty.