Money transfers refer to the process of sending money from one person or entity to another, often using electronic methods. This can include services like PayPal, Venmo, or traditional bank transfers. Money transfers can be domestic or international, allowing individuals to send funds across borders quickly and securely. The transfer process typically involves the sender providing the recipient's details, such as their bank account or mobile number. Fees may apply depending on the service used and the amount being sent. Overall, money transfers offer a convenient way to manage financial transactions without the need for cash.