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Mobile remittance is a type of financial service that allows users to transfer money from one location to another using a mobile device. It is a convenient and cost-effective way to send money to family and friends, pay bills, and make payments. Mobile remittance services are typically provided by banks, money transfer companies, and mobile network operators.
The mobile remittance market has grown rapidly in recent years, driven by the increasing availability of mobile devices and the growing demand for convenient and secure money transfer services. Mobile remittance services are becoming increasingly popular in developing countries, where access to traditional banking services is limited.
Companies in the mobile remittance market include Western Union, MoneyGram, TransferWise, WorldRemit, Xoom, Remitly, and Azimo. Show Less Read more