Digital Remittance Market
Digital Remittance Market - Global Industry Assessment & Forecast
#
Pages:
144
Base Year:
2022
May - 2022
Format:
Report Code:
VMR-1522
Segments Covered
By
Type Inward Digital Remittance, Outward Digital Remittance
-
By
Channel Bank Transfer, Money Transfer Operators, Online Platforms, Others
-
By
End Use Migrant Labor Workforce, Individual, Small Businesses, Others
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 19.46 Billion |
 Revenue 2030:
|
USD 57.49 Billion |
 Revenue CAGR
(2023 - 2030): |
14.50% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Digital Remittance Market Segment Analysis
- Digital Remittance Type Outlook (Revenue, USD Million, 2018 - 2030)
- Inward Digital Remittance
- Outward Digital Remittance
- Digital Remittance Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Digital Remittance End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
-
North America Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
-
North America Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- U.S.
- U.S. Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- U.S. Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- U.S. Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- U.S. Digital Remittance Market, by Type
- Canada
- Canada Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Canada Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Canada Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Canada Digital Remittance Market, by Type
-
Mexico
- Mexico Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Mexico Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Mexico Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Mexico Digital Remittance Market, by Type
-
North America Digital Remittance Market, by Type
- Europe
-
Europe Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
-
Europe Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
-
Europe Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- U. K.
- U.K. Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- U.K. Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- U.K. Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- U.K. Digital Remittance Market, by Type
- France
- France Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- France Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- France Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- France Digital Remittance Market, by Type
-
Germany
- Germany Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Germany Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Germany Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Germany Digital Remittance Market, by Type
-
Italy
- Italy Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Italy Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Italy Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Italy Digital Remittance Market, by Type
-
Spain
- Spain Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Spain Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Spain Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Spain Digital Remittance Market, by Type
-
Rest of Europe
- Rest of Europe Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Rest of Europe Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Rest of Europe Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Rest of Europe Digital Remittance Market, by Type
-
Europe Digital Remittance Market, by Type
- Asia Pacific
-
Asia Pacific Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
-
Asia Pacific Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
-
Asia Pacific Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- China
- China Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- China Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- China Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- China Digital Remittance Market, by Type
- Japan
- Japan Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Japan Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Japan Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Japan Digital Remittance Market, by Type
-
Germany
- Germany Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Germany Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Germany Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Germany Digital Remittance Market, by Type
-
India
- India Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- India Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- India Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- India Digital Remittance Market, by Type
-
South Korea
- South Korea Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- South Korea Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- South Korea Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- South Korea Digital Remittance Market, by Type
-
South East Asia
- South East Asia Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- South East Asia Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- South East Asia Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- South East Asia Digital Remittance Market, by Type
-
Rest of Asia Pacific
- Rest of Asia Pacific Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Rest of Asia Pacific Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Rest of Asia Pacific Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Rest of Asia Pacific Digital Remittance Market, by Type
-
Asia Pacific Digital Remittance Market, by Type
- Latin America
-
Latin America Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
-
Latin America Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
-
Latin America Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Brazil
- Brazil Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Brazil Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Brazil Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Brazil Digital Remittance Market, by Type
- Argentina
- Argentina Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Argentina Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Argentina Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Argentina Digital Remittance Market, by Type
-
Rest of Latin America
- Rest of Latin America Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Rest of Latin America Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Rest of Latin America Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Rest of Latin America Digital Remittance Market, by Type
-
Latin America Digital Remittance Market, by Type
- Middle East & Africa
-
Middle East & Africa Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
-
Middle East & Africa Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
-
Middle East & Africa Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- GCC Countries
- GCC Countries Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- GCC Countries Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- GCC Countries Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- GCC Countries Digital Remittance Market, by Type
- South Africa
- South Africa Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- South Africa Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- South Africa Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- South Africa Digital Remittance Market, by Type
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Digital Remittance Market, by Type
- Inward Digital Remittance
- Outward Digital Remittance
- Rest of Middle East & Africa Digital Remittance Market, by Channel
- Bank Transfer
- Money Transfer Operators
- Online Platforms
- Others
- Rest of Middle East & Africa Digital Remittance Market, by End Use
- Migrant Labor Workforce
- Individual
- Small Businesses
- Others
- Rest of Middle East & Africa Digital Remittance Market, by Type
-
Middle East & Africa Digital Remittance Market, by Type
- North America
Vantage Market
Research | 04-May-2022
FAQ
Frequently Asked Question
What is the global demand for Digital Remittance in terms of revenue?
-
The global Digital Remittance valued at USD 19.46 Billion in 2022 and is expected to reach USD 57.49 Billion in 2030 growing at a CAGR of 14.50%.
Which are the prominent players in the market?
-
The prominent players in the market are Azimo Limited, Digital Wallet Corporation, Moneygram International Inc., NIUM PTE. Ltd., PayPal Holdings Inc., Remitly Inc., Ria Financial Services Ltd., Ripple Labs Inc., TransferGo Ltd., Western Union Holdings Inc., Wise (Earlier TransferWise Ltd.), WorldRemit Ltd..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 14.50% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Digital Remittance include
- Growth in cross-border transactions and mobile-based payment channels
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Digital Remittance in 2022.
