A remittance is funding that is sent or transferred to another party usually abroad or it may be domestic. Remittances can be sent to another country via a wire transfer, mail, draft, or check. Remittances can be used for any type of payment such as an invoice, but it's typically used to pay family members back in a person's home country.
Remittances are an enormous source of income for developing nations since the payments are typically used to help family members back in a person's home country. And Ghodighoda Microfinance has started to provides various remit facilities at the rural area of Kanchanpur district of far western province. from where usually almost people of rural area get service of remittance.