What is payment and remittance services?
Payment remittance is a money exchange using a transfer. One party will send funds to another individual or entity, typically using electronic transfer or wire submission. Transactions of this kind are often done internationally and can be completed almost immediately.
What are the benefits of remittances?
Remittances contribute significantly to fostering and strengthening global trade relations. The financial connectivity established through remittance transactions facilitates international trade, enabling businesses to engage in cross-border transactions with greater ease.
What is FXK Remittance?
… (FXK) payment is an international, cross-border payment requiring currency conversion between two currencies to exchange money between a sender and recipient
