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According to Merriam Webster, “remittance” is defined as a transmittal of money to a distant place like another country. This transmission of money may be done through traditional money management methods such as a bank or through modern solutions like a digital money transfer platform.
As we continue into the new year, the remittance market is expected to expand despite a slight decrease in the amount transferred due to the COVID-19 pandemic. In fact, in 2022, experts project remittances to grow at nearly 5%.
In our experience, the most successful money transfer companies should do what they say: make money movement a no-brainer!
Users today want a straightforward, affordable and quick method of sending funds all around the globe – doing away with more traditional banking systems that tend to overcomplicate the process.
Canada is a beautifully scenic country residing in North America. It contains ten provinces and three territories stretching from the Atlantic to the Pacific Ocean and northward to the Arctic, making it the world's second-largest country by a total area.
Canadians are known for their hospitality and generosity, with great pride for their country. Canadians are spirited people who enjoy escaping to explore the wonderful outdoors, hiking, and adventuring across varied terrain!
The Pound Sterling is the national currency of the Isle of Man, the United Kingdom, South Sandwich Islands, Gibraltar, South Georgia, and the British Antarctic Territory.
It is the oldest currency still in constant use! Known as the sterling or pound and abbreviated as GBP. It is the fourth most commonly exchanged currency on the forex market!
