For people who live away from home, sending money across borders can be a real struggle. Many often have to deal with hidden fees, bad exchange rates, and inaccessible financial services. Fortunately, technology has helped ease international money transfers with apps like BOSS Revolution, Wise, and Taptap Send.
Online payment services and systems provide people with a secure and convenient online shopping method. If you have spent time selling or buying on any online marketplace such as eBay or even Facebook Groups, you must have come across PayPal as a choice to complete your purchase.
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.