noun
- people who send money to someone, especially to family members in another country
- financial institutions or services that facilitate money transfers
Usage: finance; economics
Usage: finance; business
Examples
- Migrant workers are often the primary remitters sending money back to their home countries.
- The bank identified several frequent remitters who regularly transferred funds overseas.
- Digital remitters have made international money transfers faster and cheaper.
- Many remitters use mobile apps to send money to their families abroad.
- The government tracks large remitters to monitor international financial flows.
- Traditional remitters like Western Union face competition from newer fintech companies.