International remittances refer to the money that individuals send from one country to another, typically to support family members or friends. These transfers often occur when people migrate for work and send a portion of their earnings back home. Remittances can significantly impact the economies of the recipient countries, providing essential financial support for households. The process of sending remittances can be done through various channels, including banks, money transfer services, and mobile apps. The fees and exchange rates associated with these transfers can vary widely, affecting the total amount received by the recipient. World Bank regularly tracks and reports on global remittance flows.