The phrase "transmission of money" can also be referred to as a money transfer or remittance. Other synonyms include the phrase "sending money," "money wiring," "cash transfer," "money exchange," "money remittance," "sending funds," "money transaction," and "monetary transfer." Each of these phrases describes the act of transferring money from one person to another, either electronically or physically. The most popular ways to transfer money include wire transfers, online banking, mobile apps, and money transfer services. In today's global economy, the ease and efficiency of transferring money worldwide have greatly improved, providing opportunities for people to send and receive funds faster and more conveniently.