In 2017, Russia had the largest remittance flows to Armenia, around 60.5% of overall remittances. Saudi Arabia is the largest source of remittance payments in the world. They receive funds transfers through formal or informal remittance networks. It accounts for nearly 75% of all mobile remittance transactions. WorldRemit is an online money transfer service that provides international remittance services. Unlimited remittance of profits, dividends, service fees or capital is now the rule. However, a value added tax is imposed on transfer fees charged by the remittance companies. These include health care, financial aid, foreign exchange remittance and education. Most states allow or require electronic remittance of tax to the state. The bank now accounts for more than 10% of the remittance business. The income of people solely depends on the remittance and the agriculture. In September 2008, the World Bank established the first international database of remittance prices. They also enjoyed complete control over China's international remittance and foreign trade financing. However, temporary migration can generate a substantial remittance of capital flow to the homeland. In 2014, it did over US $50 billion collectively in money remittance and exchange volumes.