Explanation:

- Drafts: A draft is a written order by one party to another, typically involving banks, to pay a specified sum to a third party.

- Remittances: This term refers to money that migrants send back to their country of origin. These funds are typically sent to support family and friends or to invest in home country.

- Bills: These are statements of money owed for goods or services. They are usually used in the context of expenses rather than monetary transfers between individuals or countries.

- Payments: A general term for any transfer of money to settle a transaction or service. This term is broad and can apply to many contexts.