I'm working on a project on financial services and need more information on remittance and remittance service providers.
2007-01-17 23:54:00 · 3 answers · asked by Nonnie P 1 in Business & Finance ➔ Other - Business & Finance
Remittance is the process of sending money or transferring , and is usually done by an expat back to his/her home country. According to the world bank, remittances are an important source of income for the receiving country, usually developing and emerging market countries.
Remit2Home is a service provider of remittance along with Western Union and Money Gram
2007-01-18 18:55:02 · answer #1 · answered by Arthur N 2 · 0⤊ 0⤋
Remittance is just another word for payment.
2007-01-18 08:01:35 · answer #2 · answered by squeaky 3 · 0⤊ 0⤋
Remitance is the cash you received after dicounting the future payments you should receive and other cost that the financial institute cut
discounting - turning the future value to present value
2007-01-18 08:07:02 · answer #3 · answered by sciolism 2 · 0⤊ 0⤋