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The money transfer agencies market is forecasted to grow by USD 15.84 billion during 2023-2028, accelerating at a CAGR of 11.54% during the forecast period. The report on the money transfer agencies market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological advancements, increasing number of students studying abroad, and rising tourism.
The money transfer agencies market is segmented as below:
By Service
- Money transfer
- Currency exchange
By Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the money transfer agencies market covers the following areas:
- Money transfer agencies market sizing
- Money transfer agencies market forecast
- Money transfer agencies market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global money transfer agencies market: Azimo BV, Bank of America Corp., Citigroup Inc., Denarii, Euronet Worldwide Inc., Finablr Ltd., HDFC Bank Ltd., JPMorgan Chase and Co., MoneyGram Payment Systems Inc., NIUM Pte. Ltd., NOW Payment Services Provider LLC, OzForex Ltd., PayPal Holdings Inc., Remitly Global Inc., Remitware Payments Canada Inc., Sendah Direct, TransferGo Ltd., U.S. Bancorp, Wells Fargo and Co., Western Union Holdings Inc., Wise Payments Ltd., and WorldRemit Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising number of start-ups."
According to the report, one of the major drivers for this market is the technological advancements.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Azimo BV
- Bank of America Corp.
- Citigroup Inc.
- Denarii
- Euronet Worldwide Inc.
- Finablr Ltd.
- HDFC Bank Ltd.
- JPMorgan Chase and Co.
- MoneyGram Payment Systems Inc.
- NIUM Pte. Ltd.
- NOW Payment Services Provider LLC
- OzForex Ltd.
- PayPal Holdings Inc.
- Remitly Global Inc.
- Remitware Payments Canada Inc.
- Sendah Direct
- TransferGo Ltd.
- U.S. Bancorp
- Wells Fargo and Co.
- Western Union Holdings Inc.
- Wise Payments Ltd.
- WorldRemit Ltd.
