Which countries do not accept remittance entrustment by letter transfer?

There are three ways to settle foreign exchange remittance: letter transfer, wire transfer and draft.

Remittance is basically the same as telegraphic transfer, but the difference is that the remittance bank uses the remittance power of attorney or payment power of attorney plus its signature as the settlement tool at the application of the remitter, and sends it to the remittance bank without telegraphic transfer, entrusting the latter to pay the remittance accordingly. After the latter verifies that the signatures are consistent, it will pay immediately.