What is remitter?

A remitter is a person or organization that sends or transfers funds or assets to another person or organization. Remitters can be individuals, businesses, or financial institutions that initiate a transfer of funds through a payment system, such as a bank transfer, wire transfer, or electronic payment. Remitters are commonly associated with cross-border payments, as they may need to send money to another country for personal or business reasons. Remitters are responsible for ensuring that the funds they transfer reach the intended recipient through a secure and reliable payment channel, regardless of the distance between the sender and receiver.