In money transfer and cross-border payments, the receiving country is the country in which the beneficiary is paid. It is also called the destination, payout or recipient country, and it forms one end of a remittance corridor, the other being the sending country. In statistics on remittances, it is the economy that records the money as an inflow.
The receiving country largely determines how a transfer can be delivered. Its banking coverage, mobile money use and agent networks decide whether payout is by account credit, wallet or cash pickup. Its central bank sets the rules on who may pay out, whether funds must be converted to local currency, and what identity checks apply to the beneficiary. Exchange controls, a shortage of foreign currency or a gap between official and market exchange rates in the receiving country can raise the cost of a transfer and push senders toward informal channels such as hawala.