1h Free Analyst Time
The digital remittance market is forecasted to grow by USD 15.2 million during 2023-2028, accelerating at a CAGR of 14.08% during the forecast period. The report on the digital remittance 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 in digital remittance, reduced remittance cost and transfer time, and enhanced cash flow leading to business growth.
The digital remittance market is segmented as below:
By End-user
- Personal
- Small business
- Migrant labor workforce
- Others
By Type
- Outward digital remittance
- Inward digital remittance
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the digital remittance market covers the following areas:
- Digital remittance market sizing
- Digital remittance market forecast
- Digital remittance 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 primary and secondary research. 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 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 End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global digital remittance market: Ant Group, Citigroup Inc., Digital Wallet Co. Ltd., Euronet Worldwide Inc., JPMorgan Chase and Co., Mastercard Inc., MoneyGram Payment Systems Inc., Nium Pte. Ltd., OrbitRemit, Pangea, Papaya Global Ltd., PayPal Holdings Inc., Remitbee Inc., Remitly Global Inc., Standard Chartered PLC, TransferGo Ltd., 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 government initiatives to promote online payment."
According to the report, one of the major drivers for this market is the technological advancements in digital remittance.
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:
- Ant Group
- Citigroup Inc.
- Digital Wallet Co. Ltd.
- Euronet Worldwide Inc.
- JPMorgan Chase and Co.
- Mastercard Inc.
- MoneyGram Payment Systems Inc.
- Nium Pte. Ltd.
- OrbitRemit
- Pangea
- Papaya Global Ltd.
- PayPal Holdings Inc.
- Remitbee Inc.
- Remitly Global Inc.
- Standard Chartered PLC
- TransferGo Ltd.
- Wells Fargo and Co.
- Western Union Holdings Inc.
- Wise Payments Ltd.
- WorldRemit Ltd.
