Report Detail
Global Digital Remittance Market Size, Status and Forecast 2019-2025
- RnM3059755 |
- 26 March, 2019 |
- Global |
- 108 Pages |
- QYResearch |
- Service & Software
Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.
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.
In 2018, the global Digital Remittance market size was 1990 million US$ and it is expected to reach 8830 million US$ by the end of 2025, with a CAGR of 23.8% during 2019-2025.
This report focuses on the global Digital Remittance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Digital Remittance development in United States, Europe and China.
The key players covered in this study
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 Type, the product can be split into
Banks Digital Remittance
Digital Money Transfer Operators
Market segment by Application, split into
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Digital Remittance status, future forecast, growth opportunity, key market and key players.
To present the Digital Remittance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Digital Remittance are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Table of Contents
1 Report Overview
- 1.1 Study Scope
- 1.2 Key Market Segments
- 1.3 Players Covered
- 1.4 Market Analysis by Type
- 1.4.1 Global Digital Remittance Market Size Growth Rate by Type (2014-2025)
- 1.4.2 Banks Digital Remittance
- 1.4.3 Digital Money Transfer Operators
- 1.5 Market by Application
- 1.5.1 Global Digital Remittance Market Share by Application (2014-2025)
- 1.5.2 Migrant Labor Workforce
- 1.5.3 Study Abroad and Travel
- 1.5.4 Small Businesses
- 1.5.5 Others
- 1.6 Study Objectives
- 1.7 Years Considered
2 Global Growth Trends
- 2.1 Digital Remittance Market Size
- 2.2 Digital Remittance Growth Trends by Regions
- 2.2.1 Digital Remittance Market Size by Regions (2014-2025)
- 2.2.2 Digital Remittance Market Share by Regions (2014-2019)
- 2.3 Industry Trends
- 2.3.1 Market Top Trends
- 2.3.2 Market Drivers
- 2.3.3 Market Opportunities
3 Market Share by Key Players
- 3.1 Digital Remittance Market Size by Manufacturers
- 3.1.1 Global Digital Remittance Revenue by Manufacturers (2014-2019)
- 3.1.2 Global Digital Remittance Revenue Market Share by Manufacturers (2014-2019)
- 3.1.3 Global Digital Remittance Market Concentration Ratio (CR5 and HHI)
- 3.2 Digital Remittance Key Players Head office and Area Served
- 3.3 Key Players Digital Remittance Product/Solution/Service
- 3.4 Date of Enter into Digital Remittance Market
- 3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type and Application
- 4.1 Global Digital Remittance Market Size by Type (2014-2019)
- 4.2 Global Digital Remittance Market Size by Application (2014-2019)
5 United States
- 5.1 United States Digital Remittance Market Size (2014-2019)
- 5.2 Digital Remittance Key Players in United States
- 5.3 United States Digital Remittance Market Size by Type
- 5.4 United States Digital Remittance Market Size by Application
6 Europe
- 6.1 Europe Digital Remittance Market Size (2014-2019)
- 6.2 Digital Remittance Key Players in Europe
- 6.3 Europe Digital Remittance Market Size by Type
- 6.4 Europe Digital Remittance Market Size by Application
7 China
- 7.1 China Digital Remittance Market Size (2014-2019)
- 7.2 Digital Remittance Key Players in China
- 7.3 China Digital Remittance Market Size by Type
- 7.4 China Digital Remittance Market Size by Application
8 Japan
- 8.1 Japan Digital Remittance Market Size (2014-2019)
- 8.2 Digital Remittance Key Players in Japan
- 8.3 Japan Digital Remittance Market Size by Type
- 8.4 Japan Digital Remittance Market Size by Application
9 Southeast Asia
- 9.1 Southeast Asia Digital Remittance Market Size (2014-2019)
- 9.2 Digital Remittance Key Players in Southeast Asia
- 9.3 Southeast Asia Digital Remittance Market Size by Type
- 9.4 Southeast Asia Digital Remittance Market Size by Application
10 India
- 10.1 India Digital Remittance Market Size (2014-2019)
- 10.2 Digital Remittance Key Players in India
- 10.3 India Digital Remittance Market Size by Type
- 10.4 India Digital Remittance Market Size by Application
11 Central & South America
- 11.1 Central & South America Digital Remittance Market Size (2014-2019)
- 11.2 Digital Remittance Key Players in Central & South America
- 11.3 Central & South America Digital Remittance Market Size by Type
- 11.4 Central & South America Digital Remittance Market Size by Application
12 International Players Profiles
- 12.1 Western Union (WU)
- 12.1.1 Western Union (WU) Company Details
- 12.1.2 Company Description and Business Overview
- 12.1.3 Digital Remittance Introduction
- 12.1.4 Western Union (WU) Revenue in Digital Remittance Business (2014-2019)
- 12.1.5 Western Union (WU) Recent Development
- 12.2 Ria Financial Services
- 12.2.1 Ria Financial Services Company Details
- 12.2.2 Company Description and Business Overview
- 12.2.3 Digital Remittance Introduction
- 12.2.4 Ria Financial Services Revenue in Digital Remittance Business (2014-2019)
- 12.2.5 Ria Financial Services Recent Development
- 12.3 PayPal/Xoom
- 12.3.1 PayPal/Xoom Company Details
- 12.3.2 Company Description and Business Overview
- 12.3.3 Digital Remittance Introduction
- 12.3.4 PayPal/Xoom Revenue in Digital Remittance Business (2014-2019)
- 12.3.5 PayPal/Xoom Recent Development
- 12.4 TransferWise
- 12.4.1 TransferWise Company Details
- 12.4.2 Company Description and Business Overview
- 12.4.3 Digital Remittance Introduction
- 12.4.4 TransferWise Revenue in Digital Remittance Business (2014-2019)
- 12.4.5 TransferWise Recent Development
- 12.5 WorldRemit
- 12.5.1 WorldRemit Company Details
- 12.5.2 Company Description and Business Overview
- 12.5.3 Digital Remittance Introduction
- 12.5.4 WorldRemit Revenue in Digital Remittance Business (2014-2019)
- 12.5.5 WorldRemit Recent Development
- 12.6 MoneyGram
- 12.6.1 MoneyGram Company Details
- 12.6.2 Company Description and Business Overview
- 12.6.3 Digital Remittance Introduction
- 12.6.4 MoneyGram Revenue in Digital Remittance Business (2014-2019)
- 12.6.5 MoneyGram Recent Development
- 12.7 Remitly
- 12.7.1 Remitly Company Details
- 12.7.2 Company Description and Business Overview
- 12.7.3 Digital Remittance Introduction
- 12.7.4 Remitly Revenue in Digital Remittance Business (2014-2019)
- 12.7.5 Remitly Recent Development
- 12.8 Azimo
- 12.8.1 Azimo Company Details
- 12.8.2 Company Description and Business Overview
- 12.8.3 Digital Remittance Introduction
- 12.8.4 Azimo Revenue in Digital Remittance Business (2014-2019)
- 12.8.5 Azimo Recent Development
- 12.9 TransferGo
- 12.9.1 TransferGo Company Details
- 12.9.2 Company Description and Business Overview
- 12.9.3 Digital Remittance Introduction
- 12.9.4 TransferGo Revenue in Digital Remittance Business (2014-2019)
- 12.9.5 TransferGo Recent Development
- 12.10 InstaReM
- 12.10.1 InstaReM Company Details
- 12.10.2 Company Description and Business Overview
- 12.10.3 Digital Remittance Introduction
- 12.10.4 InstaReM Revenue in Digital Remittance Business (2014-2019)
- 12.10.5 InstaReM Recent Development
- 12.11 TNG Wallet
- 12.12 Coins.ph
- 12.13 Toast
- 12.14 OrbitRemit
- 12.15 Smiles/Digital Wallet Corporation
- 12.16 Avenues India Pvt Ltd
- 12.17 FlyRemit
13 Market Forecast 2019-2025
- 13.1 Market Size Forecast by Regions
- 13.2 United States
- 13.3 Europe
- 13.4 China
- 13.5 Japan
- 13.6 Southeast Asia
- 13.7 India
- 13.8 Central & South America
- 13.9 Market Size Forecast by Product (2019-2025)
- 13.10 Market Size Forecast by Application (2019-2025)
14 Analyst's Viewpoints/Conclusions
15 Appendix
- 15.1 Research Methodology
- 15.1.1 Methodology/Research Approach
- 15.1.1.1 Research Programs/Design
- 15.1.1.2 Market Size Estimation
- 12.1.1.3 Market Breakdown and Data Triangulation
- 15.1.2 Data Source
- 15.1.2.1 Secondary Sources
- 15.1.2.2 Primary Sources
- 15.1.1 Methodology/Research Approach
- 15.2 Disclaimer
Summary:
Get latest Market Research Reports on Digital Remittance . Industry analysis & Market Report on Digital Remittance is a syndicated market report, published as Global Digital Remittance Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Digital Remittance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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