What might be a typical reason individuals use remittance services?

Individuals often use remittance services primarily to send money to family members living abroad. Many expatriates work in different countries and send a portion of their earnings back home to support their loved ones. This financial support can be crucial for families who rely on these funds for daily living expenses, education, medical care, and other essential needs.

Sending remittances is often a reliable and cost-effective way for individuals to ensure their families have access to necessary resources, particularly when they cannot be physically present. This practice is commonly seen in regions where many individuals migrate to pursue better job opportunities while their families remain in their home countries.

While funding new business ventures, purchasing luxury items, or investing in real estate can be valid financial activities, they are typically not the primary motivations behind the use of remittance services, which focus more on the immediate familial support.