Remittance is the act of sending money. It can either be domestic (within a country) or international (across national borders). Ongoing growth in migration has led to significant, continuous rise in the amount of money remitted each year.
Mobile Money transfer represents an opportunity to facilitate remittance that benefits customers by providing a service that is safe, fast and cost-effective. As well as Mobile Money service providers being able to create a new way to bring funds into mobile wallets, thereby stimulating service usage and generating revenue.