Remittances are funds that individuals send back to their home country, typically to support family members or friends. These payments often come from people who have migrated to another country for work, seeking better economic opportunities. Remittances play a crucial role in the economies of many countries, providing financial support for basic needs like food, education, and healthcare. The process of sending remittances can involve various methods, including bank transfers, money transfer services, and mobile apps. Countries with a high number of migrants, such as Mexico and India, often receive significant remittance inflows, which can contribute to their overall economic stability and growth.