Domestic money transfer refers to the process of sending money from one person or entity to another within the same country. This can be done through various methods, including bank transfers, mobile payment apps, and money transfer services. The transactions are typically quick and can be completed using online platforms or in-person services. These transfers are commonly used for personal reasons, such as sending money to family or friends, paying bills, or making purchases. Popular services for domestic money transfer include PayPal, Venmo, and traditional banks, which offer secure and efficient ways to move funds without the need for cash.