The Hindu Business Line takes a look at how money transfers work for migrant workers. For many who travel to work and then send the money they earn back to their families there are many challenges that they must confront . Many are unable to open a proper bank account as they do not have the documents necessary, so they turn to riskier means of sending money. They must be wary of the security of their money – many are often robbed on their way to send money. They often have to miss a day’s work in order to go make the transfer. What are better options for these migrant workers that offer a more secure and convenient alternative? A new study by the Institute for Financial and Management Research in Chennai, India suggests that technology could offer a potential solution to many of these issues. Mobile banking – mobile phones equipped with smart cards and biometric identification – could allow money transfers to occur in a much safer and faster manner.