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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%.
Millions of families, ex-pats and workers all over the globe are seeking a fast, reliable and cost-effective way of transferring funds to China every day!
At Paysend, we understand better than most the need to obtain an expert and hassle-free money movement service that is quick and easy to use.
We’ve got some good news if you regularly send money to Nigeria!
With technology constantly evolving, it's easy to forget that some people still choose to manage their money the old-fashioned way - in cash rather than digitally.
You may be an expert on mobile or online banking to send and receive money as a Paysend customer, but the people you transfer money to may not!
Here at Paysend we want to make it as simple as possible for you to add payment information and send money abroad.
Because let’s face it, nobody likes spending ages entering lots of long card numbers, and entering usernames and passwords when you’re directed to your banking app. We can all agree we’ve got much more interesting things to be getting on with.
