Digital remittance is a form of financial transaction that enables the transfer of money from one person to another, typically across international borders. It is a growing sector of the global financial services industry, driven by the increasing demand for convenient, secure, and cost-effective money transfer solutions. Digital remittance services are typically provided by specialized companies, which use digital technologies such as mobile apps, online banking, and blockchain to facilitate the transfer of funds. The digital remittance market is highly competitive, with a wide range of providers offering different services and features. These services are often tailored to meet the needs of specific customer segments, such as migrant workers, international students, and expatriates. The market is also characterized by rapid innovation, with new technologies and services being developed to meet the changing needs of customers. Some of the leading companies in the digital remittance market include TransferWise, WorldRemit, Remitly, Azimo, and Xoom. Show Less Read more
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