Money transfer is the process of sending funds from one person or entity to another. This can be done through various methods, including bank transfers, online services, and mobile apps. The transfer can occur locally or internationally, allowing individuals and businesses to pay for goods, services, or send money to family and friends. Different platforms facilitate money transfers, such as PayPal, Venmo, and traditional banks. Each method may have its own fees, transfer limits, and processing times. Security is a key concern, so many services use encryption and other measures to protect users' financial information during transactions.