Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.
Scope of the Report:
Beyond the pure fee costs, important time, reach, and security benefits accrue from digital remittances. The cost savings from digital remittances could be a meaningful boost to global GDP and have a noteworthy impact on poverty. In order for all of these positive developments to be realized, and enabling environment for digital remittances must be created.
Identity, connectivity, banking, and literacy solutions for all must be developed by the public and private sectors in collaboration. With the current refugee crisis, the time is ripe for digital remittances to provide enhanced economic opportunity for those that need it most.
In the foreseeable future, Digital Remittance will show an optimistic upward trend. Although Digital Remittance bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage and financial support, do not enter the Digital Remittance field hastily.
The global Digital Remittance market is valued at 1990 million USD in 2018 and is expected to reach 5720 million USD by the end of 2024, growing at a CAGR of 23.6% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Digital Remittance.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Digital Remittance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Digital Remittance market by product type and applications/end industries.
Market Segment by Companies, this report covers
Western Union (WU)
Ria Financial Services
PayPal/Xoom
TransferWise
WorldRemit
MoneyGram
Remitly
Azimo
TransferGo
InstaReM
TNG Wallet
Coins.ph
Toast
OrbitRemit
Smiles/Digital Wallet Corporation
Avenues India Pvt Ltd
FlyRemit
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Banks Digital Remittance
Digital Money Transfer Operators
Market Segment by Applications, can be divided into
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses
Others
Summary:
Get latest Market Research Reports on Digital Remittance Market 2019 by Company, Regions, Type and Application, Forecast to 2024. Industry analysis & Market Report on Digital Remittance Market 2019 by Company, Regions, Type and Application, Forecast to 2024 is a syndicated market report, published as Global Digital Remittance Market 2019 by Company, Regions, Type and Application, Forecast to 2024. It is complete Research Study and Industry Analysis of Digital Remittance Market 2019 by Company, Regions, Type and Application, Forecast to 2024 market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.