Have you ever tried sending money to Brazil but found yourself hesitant because of the ridiculously high cost? Or even worse, have you tried to send money to someone who doesn’t even have access to a financial institution to obtain the money?

If you absolutely needed to send money to Brazil today, you’d only have a handful of options. Luckily, the industry will change greatly over the next few years.

If you still need to wire money to Brazil, you can use a bank’s wire system. For international transfers banks put together the SWIFT system, which created in the mid-seventies after seven international banks needed to move money around and decided to create a system that would allow people to send cash worldwide.

One downside however is that both parties must have bank accounts – the sender in the country they’re transferring the money from and the receiver in the receiving country. If either party is not in their native country it will obviously be difficult since they most likely don’t have a bank account in that foreign country.

Another system does not require a bank account, you simply send money in the name of another, and give the person who’s meant to get the money a code which allows them to retrieve the money. Though a great way to wire money, it was once the primary form terrorists used to wire money across the globe. But since September 11th, efforts have been made to tighten security, so now both members in the transfer are required to show I.D..

With the popular use of cell phones all over the world, the world is transforming before our eyes causing the world of transferring money wirelessly to change dramatically. Many wireless companies are now letting their customers send money from mobile to mobile.

Soon, if you want to send cash to Brazil, all you will have to do is input the amount and the phone number you want the money sent to and in an instant the money is transferred. Some pre-paid wireless phones already have a system in place so that you can add minutes to your pre-paid cell from anywhere in the world. The only difference is the way the recipient goes about collecting the money.

The foundation for mobile-to-mobile transfers is already in place, all that’s left is to make the process completely viable from an international standpoint.

Today you can use your phone to buy things, and some banks have even begun implementing a credit card that’s a part of your cell phone. Although it’s only available on the iPhone, it’s a sign of things to come and soon enough wiring money to Brazil will be as easy as pressing the green send button on your Blackberry.