India is considered to be one of the largest remittances receiving country in the world. This means, there are lot of Indian citizens who are migrated to the foreign countries. When an individual go to a foreign land for work purpose, leaving his or her family behind, they make a point to send money to their family back home, this practice is known as remittance. Remittances are basically income earned by migrants residing in the foreign land which they transfer to their family or friends who are residents of another country. Experts from the financial field claim that, remittances have a strong significant impact on poverty reduction and can finance economic growth in the receiving country's economy. Today after a drastic change in migration count, it is also said that remittances, especially the online remittance service are playing an increasingly role in the economies of many countries, eventually contributing to economic growth and to the livelihoods of people of the receiving country.

As the world continues to be integrated and essentially moving towards globalization, physical movement between people between countries and continents increases. This eventually leads to grow of online remittances as these migrants move abroad in the hope of securing their future with a well settled job. For most families that send their children abroad to study and consequently work there, they finance their stay with an expectation of receiving the same back. It mostly happens if the students fortunate gets the desired job.

Reasons for why people send money back home have been studied for years despite the reasons being quite simple. It is said that the most basic reason for remittance is to aid family and relatives back home. Pure concern for relatives and dependents in the home country drives migrant workers to send money. The well-being of their families is of paramount importance especially in periods of financial crunch, which we see an increased influx of remittances to families in affected countries. Since the migrant is unable to cover the cost of travel and maintenance alone, they receive a lot of financial support from the parents which at times leaves them financially strained back home. Once the migrants secure jobs, they in return send money back home by using the option of online remittance service, in essence to mitigate the financial toll it took on the family and help the family make invests assumed they would have made had they not spent their savings on the migration process.