TT payment which stands for Telegraphic transfer payment is an electronic way of transferring funds overseas. Through this method of payment the funds are generally expected to be available to the beneficiary within 24 hours and one of its advantages is that you can also track payments.
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TT stands for telegraphic transfer, a form of bank transfer, TT payments are a cheap and fast way of transferring money overseas through most banks. This is said to be one of the simplest forms of international transfers.