Meanings of global remittance in English

Based in Dallas, MoneyGram is one of the biggest players in the global remittance market.

But domination of the $689 billion global remittance economy is not actually Facebook's end goal.

MoneyGram's global remittance channels for sending money overseas would help Ant build a cross-border network after a string of recent investments in Asia.

The moves are a first step in going after a global remittance business that moves more than $600 billion around the world annually.

Dallas-based MoneyGram is one of the biggest firms in the global remittance market, offering services in around 350,000 stores across 200 countries.

Global remittances to low and middle-income countries alone are expected to reach 485 billion in 2018.

Estimates put global remittances at about $300 billion, three times the amount that rich nations give in aid to developing countries.