The remittance industry has grown significantly in recent years, providing individuals with an easy and efficient way to send money to loved ones abroad. With so many companies offering remittance services, it can be difficult to know which one to choose and how to track your transfer once it's been sent.
According to a report by the World Bank, the global remittance market is valued at over $700 billion, with Africa and Asia being the largest recipients. With so much money being sent across borders, it's important to make sure your transfer is tracked and arrives safely to its destination.
One of the best ways to track your remittance is to use a company that offers a tracking system. Many of the major remittance companies, such as Western Union, MoneyGram, and Xoom, provide customers with a unique tracking number that can be used to track the status of the transfer. Additionally, many remittance startups, such as WorldRemit, TransferWise, and Remitly, have mobile apps that allow you to track your transfer in real-time.
Another option for tracking your remittance is to use a third-party service such as Aramex Global Shopper. This service allows you to track your transfer and receive updates on its progress through email or SMS.
However, it's important to note that tracking options vary depending on the company and the type of service you choose. For example, some companies may only offer tracking for certain types of transfers, such as online or bank transfers, while others may not offer tracking at all.
To ensure that your remittance is tracked and arrives safely to its destination, it's important to research the different options available and choose a reputable company that offers a tracking system. By doing so, you can have peace of mind knowing that your transfer is being handled safely and efficiently.
Furthermore, according to a report by Boston Consulting Group, the remittance industry is expected to continue growing in the coming years, with digital-only providers becoming increasingly popular. This shift towards digital providers has made it easier