Digital Remittance Market

Digital Remittance Market - Global Industry Assessment & Forecast

Technology & Media

# 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

Standard License

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Multi User License

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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

Executive Dashboard
1. Strategic Imperatives
Premium Insights
1. Top 3 Trends to Watch
2. Demand and Supply Trends
3. Top 3 Strategies Followed by Major Players
4. Top 3 Predictions by Vantage Market Research
5. Top Investment Pockets
6. Insights from Primary Respondents
Global Digital Remittance Market - Segment Analysis
1. Overview
2. Global Digital Remittance Market, 2016 - 2028 (USD Million)
3. Global Digital Remittance Market - by Type
  1. By Inward Digital Remittance
  2. By Outward Digital Remittance
4. Global Digital Remittance Market - by Channel
  1. By Bank Transfer
  2. By Money Transfer Operators
  3. By Online Platforms
  4. By Others
5. Global Digital Remittance Market - by End Use
  1. By Migrant Labor Workforce
  2. By Individual
  3. By Small Businesses
  4. By Others
6. Global Digital Remittance Market - by region
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East & Africa
7. Market comparative analysis
North America Digital Remittance Market - Segment Analysis
1. Overview
2. North America Digital Remittance Market, 2016 - 2028 (USD Million)
3. North America Digital Remittance Market, by Type
  1. By Inward Digital Remittance
  2. By Outward Digital Remittance
4. North America Digital Remittance Market, by Channel
  1. By Bank Transfer
  2. By Money Transfer Operators
  3. By Online Platforms
  4. By Others
5. North America Digital Remittance Market, by End Use
  1. By Migrant Labor Workforce
  2. By Individual
  3. By Small Businesses
  4. By Others
6. North America Digital Remittance Market, by Country
  1. U.S.
    1. U.S. Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. U.S. Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. U.S. Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  2. Canada
    1. Canada Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Canada Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Canada Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  3. Mexico
    1. Mexico Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Mexico Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Mexico Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
Europe Digital Remittance Market - Segment Analysis
1. Overview
2. Europe Digital Remittance Market, 2016 - 2028 (USD Million)
3. Europe Digital Remittance Market, by Type
  1. By Inward Digital Remittance
  2. By Outward Digital Remittance
4. Europe Digital Remittance Market, by Channel
  1. By Bank Transfer
  2. By Money Transfer Operators
  3. By Online Platforms
  4. By Others
5. Europe Digital Remittance Market, by End Use
  1. By Migrant Labor Workforce
  2. By Individual
  3. By Small Businesses
  4. By Others
6. Europe Digital Remittance Market, by Country
  1. Germany
    1. Germany Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Germany Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Germany Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  2. UK
    1. UK Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. UK Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. UK Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  3. France
    1. France Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. France Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. France Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  4. Spain
    1. Spain Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Spain Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Spain Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  5. Italy
    1. Italy Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Italy Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Italy Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  6. BENELUX
    1. BENELUX Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. BENELUX Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. BENELUX Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  7. Rest of Europe
    1. Rest Of Europe Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Rest Of Europe Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Rest Of Europe Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
Asia Pacific Digital Remittance Market - Segment Analysis
1. Overview
2. Asia Pacific Digital Remittance Market, 2016 - 2028 (USD Million)
3. Asia Pacific Digital Remittance Market, by Type
  1. By Inward Digital Remittance
  2. By Outward Digital Remittance
4. Asia Pacific Digital Remittance Market, by Channel
  1. By Bank Transfer
  2. By Money Transfer Operators
  3. By Online Platforms
  4. By Others
5. Asia Pacific Digital Remittance Market, by End Use
  1. By Migrant Labor Workforce
  2. By Individual
  3. By Small Businesses
  4. By Others
6. Asia Pacific Digital Remittance Market, by Country
  1. China
    1. China Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. China Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. China Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  2. Japan
    1. Japan Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Japan Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Japan Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  3. India
    1. India Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. India Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. India Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  4. South Korea
    1. South Korea Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. South Korea Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. South Korea Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  5. South East Asia
    1. South East Asia Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. South East Asia Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. South East Asia Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  6. Rest of Asia Pacific
    1. Rest of Asia Pacific Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Rest of Asia Pacific Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Rest of Asia Pacific Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
Latin America Digital Remittance Market - Segment Analysis
1. Overview
2. Latin America Digital Remittance Market, 2016 - 2028 (USD Million)
3. Latin America Digital Remittance Market, by Type
  1. By Inward Digital Remittance
  2. By Outward Digital Remittance
4. Latin America Digital Remittance Market, by Channel
  1. By Bank Transfer
  2. By Money Transfer Operators
  3. By Online Platforms
  4. By Others
5. Latin America Digital Remittance Market, by End Use
  1. By Migrant Labor Workforce
  2. By Individual
  3. By Small Businesses
  4. By Others
6. Latin America Digital Remittance Market, by Country
  1. Brazil
    1. Brazil Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Brazil Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Brazil Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  2. Argentina
    1. Argentina Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Argentina Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Argentina Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  3. Rest of Latin America
    1. Rest of Latin America Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Rest of Latin America Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Rest of Latin America Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
Middle East & Africa Digital Remittance Market - Segment Analysis
1. Overview
2. Middle East & Africa Digital Remittance Market, 2016 - 2028 (USD Million)
3. Middle East & Africa Digital Remittance Market, by Type
  1. By Inward Digital Remittance
  2. By Outward Digital Remittance
4. Middle East & Africa Digital Remittance Market, by Channel
  1. By Bank Transfer
  2. By Money Transfer Operators
  3. By Online Platforms
  4. By Others
5. Middle East & Africa Digital Remittance Market, by End Use
  1. By Migrant Labor Workforce
  2. By Individual
  3. By Small Businesses
  4. By Others
6. Middle East & Africa Digital Remittance Market, by Country
  1. GCC Countries
    1. GCC Countries Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. GCC Countries Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. GCC Countries Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  2. South Africa
    1. South Africa Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. South Africa Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. South Africa Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
  3. Rest of Middle East & Africa
    1. Rest of Middle East & Africa Digital Remittance Market, By Type
      1. By Inward Digital Remittance
      2. By Outward Digital Remittance
    2. Rest of Middle East & Africa Digital Remittance Market, By Channel
      1. By Bank Transfer
      2. By Money Transfer Operators
      3. By Online Platforms
      4. By Others
    3. Rest of Middle East & Africa Digital Remittance Market, By End Use
      1. By Migrant Labor Workforce
      2. By Individual
      3. By Small Businesses
      4. By Others
Key Market Dynamics
1. Introduction
2. Market Drivers
3. Market Restraints
4. Market Opportunities
5. Porter's Five Forces Analysis
6. PEST Analysis
7. Regulatory Landscape
8. Technology Landscape
9. Regional Market Trends
COVID 19 Impact Analysis
1. Key strategies undertaken by companies to tackle COVID-19
2. Short term dynamics
3. Long term dynamics
Marketing Stratagy Analysis
1. Marketing Channel
2. Direct Marketing
3. Indirect Marketing
4. Marketing Channel Development Trends
Competative Landscape
1. Competition Matrix - 2021
2. Company Market Share Analysis - 2021
3. Key Company Activities, 2018 - 2021
4. Strategic Developments - Heat Map Analysis
5. Company Offering Evaluation
6. Company Regional Presence Evaluation
Company Profiles
1. Azimo Limited
2. Digital Wallet Corporation
3. Moneygram International Inc.
4. NIUM PTE. Ltd.
5. PayPal Holdings Inc.
6. Remitly Inc.
7. Ria Financial Services Ltd.
8. Ripple Labs Inc.
9. TransferGo Ltd.
10. Western Union Holdings Inc.
11. Wise (Earlier TransferWise Ltd.)
12. WorldRemit Ltd.
Key Primary Respondents - VERBATIM
Discussion Guide
Customization Offered
Annexure
List of Figures
List of Tables
List of Abbreviations

Vantage Market Research | 04-May-2022

Digital Remittance Market to Reach Valuation of USD 39.8 Billion by 2028 - The Adoption of Digitalization is Expected to Open the Door to Drive the Global Digital Remittance Market Growth

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.

Digital Remittance Market

Digital Remittance Market - Global Industry Assessment & Forecast

Technology & Media

Segments Covered

Snapshot

Customization Offered

FAQ

Frequently Asked Question

What is the global demand for Digital Remittance in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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Digital Remittance Market

Digital Remittance Market - Global Industry Assessment & Forecast

Technology & Media

Segments Covered

Snapshot

Customization Offered

FAQ

Frequently Asked Question

What is the global demand for Digital Remittance in terms of revenue?

Which are the prominent players in the market?

At what CAGR is the market projected to grow within the forecast period?

What are the driving factors fueling the growth of the market.

Which region accounted for the largest share in the market?

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