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Service & Software Global Digital Money Transfer and Remittances Market 2024 by Company, Regions, Type and Application, Forecast to 2030

  • RnM3902751
    • |
  • 26 September, 2024
    • |
  • Global
    • |
  • 125 Pages
    • |
  • GIR (Global Info Research)
    • |
  • Service & Software

The digital remittance as P2P money remittance is sent via an online platform (mobile, desktop, tablet etc.), including both immediate transfers (less than 24 hours) and transfers that takes more than 24 hours. For example, Western Union (WU) is an important player of Digital Remittance. In this report, the Western Union’s digital remittance revenue is only for online money transfer, though WU’s branded website, including through their mobile devices, PC and tablet etc.).
According to our (Global Info Research) latest study, the global Digital Money Transfer and Remittances market size was valued at US$ 7747 million in 2023 and is forecast to a readjusted size of USD 22970 million by 2030 with a CAGR of 17.0% during review period.
Global key players of digital money transfer and remittance include Western Union, Ria Financial Services, etc. Global top 3 companies hold a share over 40%. North America is the largest market, with a share about 33%, followed by Asia Pacific and Europe with the share about 32% and 15%. In terms of product, digital money transfer operator is the largest segment, with a share over 80%. And in terms of application, the largest end user is personal customers, with a share about 80%.
This report is a detailed and comprehensive analysis for global Digital Money Transfer and Remittances market. Both quantitative and qualitative analyses are presented by company, by region & country, by Provider and by End User. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Digital Money Transfer and Remittances market size and forecasts, in consumption value ($ Million), 2019-2030
Global Digital Money Transfer and Remittances market size and forecasts by region and country, in consumption value ($ Million), 2019-2030
Global Digital Money Transfer and Remittances market size and forecasts, by Provider and by End User, in consumption value ($ Million), 2019-2030
Global Digital Money Transfer and Remittances market shares of main players, in revenue ($ Million), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Digital Money Transfer and Remittances
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Digital Money Transfer and Remittances market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Western Union (WU), Ria Financial Services (Euronet), PayPal/Xoom, Wise, Zepz (WorldRemit, Sendwave), MoneyGram, Remitly, Azimo, TransferGo, NIUM, Inc (Instarem), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Digital Money Transfer and Remittances market is split by Provider and by End User. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Provider and by End User. This analysis can help you expand your business by targeting qualified niche markets.
Market segmentation
Digital Money Transfer and Remittances market is split by Provider and by End User. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Provider and by End User. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Provider
Digital Money Transfer Operators
Banks Digital Remittance
Market segment by End User
Personal Customers
Micro and Small Businesses
Market segment by players, this report covers
Western Union (WU)
Ria Financial Services (Euronet)
PayPal/Xoom
Wise
Zepz (WorldRemit, Sendwave)
MoneyGram
Remitly
Azimo
TransferGo
NIUM, Inc (Instarem)
TNG FinTech
Coins.ph
OrbitRemit
Smiles/Digital Wallet Corporation
FlyRemit
SingX
Flywire
Intermex
Small World
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Digital Money Transfer and Remittances product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Digital Money Transfer and Remittances, with revenue, gross margin, and global market share of Digital Money Transfer and Remittances from 2019 to 2024.
Chapter 3, the Digital Money Transfer and Remittances competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Provider and by End User, with consumption value and growth rate by Provider, by End User, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Digital Money Transfer and Remittances market forecast, by regions, by Provider and by End User, with consumption value, from 2024 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Digital Money Transfer and Remittances.
Chapter 13, to describe Digital Money Transfer and Remittances research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Digital Money Transfer and Remittances by Provider
    • 1.3.1 Overview: Global Digital Money Transfer and Remittances Market Size by Provider: 2019 Versus 2023 Versus 2030
    • 1.3.2 Global Digital Money Transfer and Remittances Consumption Value Market Share by Provider in 2023
    • 1.3.3 Digital Money Transfer Operators
    • 1.3.4 Banks Digital Remittance
  • 1.4 Global Digital Money Transfer and Remittances Market by End User
    • 1.4.1 Overview: Global Digital Money Transfer and Remittances Market Size by End User: 2019 Versus 2023 Versus 2030
    • 1.4.2 Personal Customers
    • 1.4.3 Micro and Small Businesses
  • 1.5 Global Digital Money Transfer and Remittances Market Size & Forecast
  • 1.6 Global Digital Money Transfer and Remittances Market Size and Forecast by Region
    • 1.6.1 Global Digital Money Transfer and Remittances Market Size by Region: 2019 VS 2023 VS 2030
    • 1.6.2 Global Digital Money Transfer and Remittances Market Size by Region, (2019-2030)
    • 1.6.3 North America Digital Money Transfer and Remittances Market Size and Prospect (2019-2030)
    • 1.6.4 Europe Digital Money Transfer and Remittances Market Size and Prospect (2019-2030)
    • 1.6.5 Asia-Pacific Digital Money Transfer and Remittances Market Size and Prospect (2019-2030)
    • 1.6.6 South America Digital Money Transfer and Remittances Market Size and Prospect (2019-2030)
    • 1.6.7 Middle East & Africa Digital Money Transfer and Remittances Market Size and Prospect (2019-2030)

2 Company Profiles

  • 2.1 Western Union (WU)
    • 2.1.1 Western Union (WU) Details
    • 2.1.2 Western Union (WU) Major Business
    • 2.1.3 Western Union (WU) Digital Money Transfer and Remittances Product and Solutions
    • 2.1.4 Western Union (WU) Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.1.5 Western Union (WU) Recent Developments and Future Plans
  • 2.2 Ria Financial Services (Euronet)
    • 2.2.1 Ria Financial Services (Euronet) Details
    • 2.2.2 Ria Financial Services (Euronet) Major Business
    • 2.2.3 Ria Financial Services (Euronet) Digital Money Transfer and Remittances Product and Solutions
    • 2.2.4 Ria Financial Services (Euronet) Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.2.5 Ria Financial Services (Euronet) Recent Developments and Future Plans
  • 2.3 PayPal/Xoom
    • 2.3.1 PayPal/Xoom Details
    • 2.3.2 PayPal/Xoom Major Business
    • 2.3.3 PayPal/Xoom Digital Money Transfer and Remittances Product and Solutions
    • 2.3.4 PayPal/Xoom Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.3.5 PayPal/Xoom Recent Developments and Future Plans
  • 2.4 Wise
    • 2.4.1 Wise Details
    • 2.4.2 Wise Major Business
    • 2.4.3 Wise Digital Money Transfer and Remittances Product and Solutions
    • 2.4.4 Wise Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.4.5 Wise Recent Developments and Future Plans
  • 2.5 Zepz (WorldRemit, Sendwave)
    • 2.5.1 Zepz (WorldRemit, Sendwave) Details
    • 2.5.2 Zepz (WorldRemit, Sendwave) Major Business
    • 2.5.3 Zepz (WorldRemit, Sendwave) Digital Money Transfer and Remittances Product and Solutions
    • 2.5.4 Zepz (WorldRemit, Sendwave) Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.5.5 Zepz (WorldRemit, Sendwave) Recent Developments and Future Plans
  • 2.6 MoneyGram
    • 2.6.1 MoneyGram Details
    • 2.6.2 MoneyGram Major Business
    • 2.6.3 MoneyGram Digital Money Transfer and Remittances Product and Solutions
    • 2.6.4 MoneyGram Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.6.5 MoneyGram Recent Developments and Future Plans
  • 2.7 Remitly
    • 2.7.1 Remitly Details
    • 2.7.2 Remitly Major Business
    • 2.7.3 Remitly Digital Money Transfer and Remittances Product and Solutions
    • 2.7.4 Remitly Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.7.5 Remitly Recent Developments and Future Plans
  • 2.8 Azimo
    • 2.8.1 Azimo Details
    • 2.8.2 Azimo Major Business
    • 2.8.3 Azimo Digital Money Transfer and Remittances Product and Solutions
    • 2.8.4 Azimo Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.8.5 Azimo Recent Developments and Future Plans
  • 2.9 TransferGo
    • 2.9.1 TransferGo Details
    • 2.9.2 TransferGo Major Business
    • 2.9.3 TransferGo Digital Money Transfer and Remittances Product and Solutions
    • 2.9.4 TransferGo Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.9.5 TransferGo Recent Developments and Future Plans
  • 2.10 NIUM, Inc (Instarem)
    • 2.10.1 NIUM, Inc (Instarem) Details
    • 2.10.2 NIUM, Inc (Instarem) Major Business
    • 2.10.3 NIUM, Inc (Instarem) Digital Money Transfer and Remittances Product and Solutions
    • 2.10.4 NIUM, Inc (Instarem) Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.10.5 NIUM, Inc (Instarem) Recent Developments and Future Plans
  • 2.11 TNG FinTech
    • 2.11.1 TNG FinTech Details
    • 2.11.2 TNG FinTech Major Business
    • 2.11.3 TNG FinTech Digital Money Transfer and Remittances Product and Solutions
    • 2.11.4 TNG FinTech Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.11.5 TNG FinTech Recent Developments and Future Plans
  • 2.12 Coins.ph
    • 2.12.1 Coins.ph Details
    • 2.12.2 Coins.ph Major Business
    • 2.12.3 Coins.ph Digital Money Transfer and Remittances Product and Solutions
    • 2.12.4 Coins.ph Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.12.5 Coins.ph Recent Developments and Future Plans
  • 2.13 OrbitRemit
    • 2.13.1 OrbitRemit Details
    • 2.13.2 OrbitRemit Major Business
    • 2.13.3 OrbitRemit Digital Money Transfer and Remittances Product and Solutions
    • 2.13.4 OrbitRemit Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.13.5 OrbitRemit Recent Developments and Future Plans
  • 2.14 Smiles/Digital Wallet Corporation
    • 2.14.1 Smiles/Digital Wallet Corporation Details
    • 2.14.2 Smiles/Digital Wallet Corporation Major Business
    • 2.14.3 Smiles/Digital Wallet Corporation Digital Money Transfer and Remittances Product and Solutions
    • 2.14.4 Smiles/Digital Wallet Corporation Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.14.5 Smiles/Digital Wallet Corporation Recent Developments and Future Plans
  • 2.15 FlyRemit
    • 2.15.1 FlyRemit Details
    • 2.15.2 FlyRemit Major Business
    • 2.15.3 FlyRemit Digital Money Transfer and Remittances Product and Solutions
    • 2.15.4 FlyRemit Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.15.5 FlyRemit Recent Developments and Future Plans
  • 2.16 SingX
    • 2.16.1 SingX Details
    • 2.16.2 SingX Major Business
    • 2.16.3 SingX Digital Money Transfer and Remittances Product and Solutions
    • 2.16.4 SingX Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.16.5 SingX Recent Developments and Future Plans
  • 2.17 Flywire
    • 2.17.1 Flywire Details
    • 2.17.2 Flywire Major Business
    • 2.17.3 Flywire Digital Money Transfer and Remittances Product and Solutions
    • 2.17.4 Flywire Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.17.5 Flywire Recent Developments and Future Plans
  • 2.18 Intermex
    • 2.18.1 Intermex Details
    • 2.18.2 Intermex Major Business
    • 2.18.3 Intermex Digital Money Transfer and Remittances Product and Solutions
    • 2.18.4 Intermex Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.18.5 Intermex Recent Developments and Future Plans
  • 2.19 Small World
    • 2.19.1 Small World Details
    • 2.19.2 Small World Major Business
    • 2.19.3 Small World Digital Money Transfer and Remittances Product and Solutions
    • 2.19.4 Small World Digital Money Transfer and Remittances Revenue, Gross Margin and Market Share (2019-2024)
    • 2.19.5 Small World Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Digital Money Transfer and Remittances Revenue and Share by Players (2019-2024)
  • 3.2 Market Share Analysis (2023)
    • 3.2.1 Market Share of Digital Money Transfer and Remittances by Company Revenue
    • 3.2.2 Top 3 Digital Money Transfer and Remittances Players Market Share in 2023
    • 3.2.3 Top 6 Digital Money Transfer and Remittances Players Market Share in 2023
  • 3.3 Digital Money Transfer and Remittances Market: Overall Company Footprint Analysis
    • 3.3.1 Digital Money Transfer and Remittances Market: Region Footprint
    • 3.3.2 Digital Money Transfer and Remittances Market: Company Product Type Footprint
    • 3.3.3 Digital Money Transfer and Remittances Market: Company Product Application Footprint
  • 3.4 New Market Entrants and Barriers to Market Entry
  • 3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Provider

  • 4.1 Global Digital Money Transfer and Remittances Consumption Value and Market Share by Provider (2019-2024)
  • 4.2 Global Digital Money Transfer and Remittances Market Forecast by Provider (2025-2030)

5 Market Size Segment by End User

  • 5.1 Global Digital Money Transfer and Remittances Consumption Value Market Share by End User (2019-2024)
  • 5.2 Global Digital Money Transfer and Remittances Market Forecast by End User (2025-2030)

6 North America

  • 6.1 North America Digital Money Transfer and Remittances Consumption Value by Provider (2019-2030)
  • 6.2 North America Digital Money Transfer and Remittances Market Size by End User (2019-2030)
  • 6.3 North America Digital Money Transfer and Remittances Market Size by Country
    • 6.3.1 North America Digital Money Transfer and Remittances Consumption Value by Country (2019-2030)
    • 6.3.2 United States Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 6.3.3 Canada Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 6.3.4 Mexico Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)

7 Europe

  • 7.1 Europe Digital Money Transfer and Remittances Consumption Value by Provider (2019-2030)
  • 7.2 Europe Digital Money Transfer and Remittances Consumption Value by End User (2019-2030)
  • 7.3 Europe Digital Money Transfer and Remittances Market Size by Country
    • 7.3.1 Europe Digital Money Transfer and Remittances Consumption Value by Country (2019-2030)
    • 7.3.2 Germany Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 7.3.3 France Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 7.3.4 United Kingdom Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 7.3.5 Russia Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 7.3.6 Italy Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)

8 Asia-Pacific

  • 8.1 Asia-Pacific Digital Money Transfer and Remittances Consumption Value by Provider (2019-2030)
  • 8.2 Asia-Pacific Digital Money Transfer and Remittances Consumption Value by End User (2019-2030)
  • 8.3 Asia-Pacific Digital Money Transfer and Remittances Market Size by Region
    • 8.3.1 Asia-Pacific Digital Money Transfer and Remittances Consumption Value by Region (2019-2030)
    • 8.3.2 China Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 8.3.3 Japan Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 8.3.4 South Korea Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 8.3.5 India Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 8.3.6 Southeast Asia Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 8.3.7 Australia Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)

9 South America

  • 9.1 South America Digital Money Transfer and Remittances Consumption Value by Provider (2019-2030)
  • 9.2 South America Digital Money Transfer and Remittances Consumption Value by End User (2019-2030)
  • 9.3 South America Digital Money Transfer and Remittances Market Size by Country
    • 9.3.1 South America Digital Money Transfer and Remittances Consumption Value by Country (2019-2030)
    • 9.3.2 Brazil Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 9.3.3 Argentina Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)

10 Middle East & Africa

  • 10.1 Middle East & Africa Digital Money Transfer and Remittances Consumption Value by Provider (2019-2030)
  • 10.2 Middle East & Africa Digital Money Transfer and Remittances Consumption Value by End User (2019-2030)
  • 10.3 Middle East & Africa Digital Money Transfer and Remittances Market Size by Country
    • 10.3.1 Middle East & Africa Digital Money Transfer and Remittances Consumption Value by Country (2019-2030)
    • 10.3.2 Turkey Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 10.3.3 Saudi Arabia Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)
    • 10.3.4 UAE Digital Money Transfer and Remittances Market Size and Forecast (2019-2030)

11 Market Dynamics

  • 11.1 Digital Money Transfer and Remittances Market Drivers
  • 11.2 Digital Money Transfer and Remittances Market Restraints
  • 11.3 Digital Money Transfer and Remittances Trends Analysis
  • 11.4 Porters Five Forces Analysis
    • 11.4.1 Threat of New Entrants
    • 11.4.2 Bargaining Power of Suppliers
    • 11.4.3 Bargaining Power of Buyers
    • 11.4.4 Threat of Substitutes
    • 11.4.5 Competitive Rivalry

12 Industry Chain Analysis

  • 12.1 Digital Money Transfer and Remittances Industry Chain
  • 12.2 Digital Money Transfer and Remittances Upstream Analysis
  • 12.3 Digital Money Transfer and Remittances Midstream Analysis
  • 12.4 Digital Money Transfer and Remittances Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Digital Money Transfer and Remittances. Industry analysis & Market Report on Digital Money Transfer and Remittances is a syndicated market report, published as Global Digital Money Transfer and Remittances Market 2024 by Company, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Digital Money Transfer and Remittances market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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