What does remittance mean?

Remittance: transferring funds from one account to another account is called fund transfer. Remittance can also be a traditional wire transfer, but remittance can also be digital and online, rather than through the bank.

Remittance transfer means that one party sends money to the other party by electronic remittance (usually overseas remittance). "Remittance" comes from the word "remittance", which means "remittance", and usually refers to the money sent back to family and friends by immigrants working abroad.