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Many people today regularly send money across borders for personal, family, or business reasons. Some regularly send remittances to support their loved ones back home, while others occasionally transfer funds to pay for goods or manage financial obligations.
Today, international trade and online shopping rely heavily on payment services, with PayPal leading the way. With 429 million users, PayPal plays a major role in handling transactions across the globe every day.
Remitly is one of the major companies operating in the global money transfer services market. In the United States, it is among the biggest brands for remittances to other countries. Its affordability and accessibility have made it popular among migrants sending money back home.
Sendwave has transformed how people send money internationally. It offers a reliable and convenient solution for global transfers eliminating the use of indirect money transfer through third-party applications. Its intuitive application and affordable fees have quickly become a favorite among those who need to frequently transfer money to their friends and relatives.
In our highly globalized world today, cross-border interactions are common—whether sending money abroad, purchasing products from global merchants, or making transactions from foreign countries. In 2023 alone, cross-border payments reached a total value of $190.1 trillion.
