[PDF] The WB-BIS General Principles for International Remittance

What are sources of remittance?

Remittance Sources. A Remittance Source defines where funds originate from including necessary information such as account identification details, currency, and the formats for printing checks or generating direct deposit files. Remittance Sources allow employees to be paid fully or partially from different company bank accounts.

What is the problem of remittance?

Remittance Problems While remittances are an important lifeline in many developing countries, they can also foster a dependency on outside flows of capital instead of prompting developing countries to create sustainable, local economies.

What does remittance mean?

Remittance is the act of sending in money to pay for something. An example of remittance is what a customer sends in the mail when a bill is received. Remittance is defined as money that is sent to pay for something. An example of remittance is the check sent to pay for the treadmill you bought on TV.