Cross-border remittance refers to the foreign exchange remittance business of individual online banking customers to the payee who opens an account in a bank outside the mainland within the prescribed limit. Cross-border remittance has both telecom fees and handling fees, which is time-consuming to operate.

Remittance is also called remittance. Remittance is one of the payment methods of international settlement, which refers to a business processing method in which the payer actively remits money to the payee through a third party (usually a bank) by using various settlement tools. There are usually four basic parties in remittance business: the remitter (that is, the payer), the remittance bank, the remittance bank and the payee. There are three commonly used remittance methods: letter transfer, wire transfer and draft.