Domestic remittance is a financial service that enables individuals to transfer money within their own country. It is a popular form of payment for those who are unbanked or underbanked, as it is often more convenient and cost-effective than other payment methods. Domestic remittance services are typically provided by banks, money transfer companies, and other financial institutions. These services are often used to pay bills, send money to family members, and make other payments. Domestic remittance services are typically provided through a variety of channels, including online, mobile, and in-person. Online services allow customers to transfer money quickly and securely, while mobile services provide customers with the convenience of transferring money on the go. In-person services are often used for larger transfers, such as sending money to family members abroad. Some of the companies in the domestic remittance market include Western Union, MoneyGram, TransferWise, PayPal, and WorldRemit. Show Less Read more
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