A remittance transfer is a system of international electronic money transfer mode that has become indispensable for individuals to send money to their friends or family across borders conveniently and quickly. People must adapt as the global economy continues to rise and job opportunities are cropping up across borders. Rather…
A remittance is a transfer of funds from one person to another. Remittances can broadly be defined as any payment made in response to an invoice or bill. The term is now, however, most frequently used to refer to a sum of money that an individual working abroad sends to…
Did you know, that in 2020 Australia received US$1.1 billion in remittances and sent out US$4.3 billion in remittances to foreign countries? This data shows that there are plenty of migrants in Australia who are sending out large amounts of money to their families back home. With such high demand…