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Digital Remittance Market

Digital Remittance Market

Digital Remittance Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

144

Base Year:

2022

Date

May - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1522

Segments Covered
  • By Type By Type Inward Digital Remittance, Outward Digital Remittance
  • By Channel By Channel Bank Transfer, Money Transfer Operators, Online Platforms, Others
  • By End Use By End Use Migrant Labor Workforce, Individual, Small Businesses, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 19.46 Billion
Revenue 2030Revenue 2030: USD 57.49 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 14.50%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
  1. Executive Dashboard
    1. Strategic Imperatives
  2. 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
  3. 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
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. COVID 19 Impact Analysis
    1. Key strategies undertaken by companies to tackle COVID-19
    2. Short term dynamics
    3. Long term dynamics
  11. Marketing Stratagy Analysis
    1. Marketing Channel
    2. Direct Marketing
    3. Indirect Marketing
    4. Marketing Channel Development Trends
  12. 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
  13. 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.
  14. Key Primary Respondents - VERBATIM
  15. Discussion Guide
  16. Customization Offered
  17. Annexure
  18. List of Figures
  19. List of Tables
  20. List of Abbreviations
FAQ
Frequently Asked Question
  • 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%.

  • 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..

  • The market is project to grow at a CAGR of 14.50% between 2023 and 2030.

  • The driving factors of the Digital Remittance include

    • Growth in cross-border transactions and mobile-based payment channels

  • North America was the leading regional segment of the Digital Remittance in 2022.