money transmission Meaning in the Cambridge English Dictionary
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Meaning of “money transmission” in the English Dictionary

"money transmission" in Business English

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money transmissionnoun [U]

uk   us   FINANCE, BANKING
the ​act of ​movingmoney between ​bankaccounts or from one ​person or ​organization to another: Another ​development has been the ​growth of ​electronicmoneytransmission. Banks will be ​obliged to tell ​customers up ​front how much they ​charge for ​cashmachine, ​cheque, and other ​moneytransmissionservices.
(Definition of money transmission from the Cambridge Business English Dictionary © Cambridge University Press)
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