What is a bank remit?

Excuse me, could you please clarify what exactly is meant by the term "bank remit"? Is it a specific financial transaction or service offered by banks? I'm curious about the process involved in a bank remit and how it differs from other forms of money transfer. Does it involve any fees or exchange rates? Additionally, could you elaborate on the benefits or use cases of a bank remit for individuals or businesses? Thank you for your time and consideration.