peningamiðu
Peningamiðu is an Icelandic term that translates to "money transfer" or "remittance." It refers to the process of sending money from one person or entity to another. This can occur domestically within Iceland or internationally. Historically, peningamiðu would have involved physical movement of currency, but with modern technology, it primarily encompasses electronic transfers.
Various methods facilitate peningamiðu in Iceland. Banks offer wire transfers, allowing individuals and businesses to send