Global Digital Remittance Market Outlook, 2029
The Global Digital Remittance Market is segmented into By Type (Inward and Outward), By Channel (Bank, Money Transfer Operation and Online platform) and By End User (Migrant Labour, Personal and Small Business).
- Bonafide Research
- 28-06-2024
- Pages : 174
- Figures : 38
- Tables : 84
- Region : Global
- Category : Business & Finance
- Legal
The Global Digital Remittance Market is anticipated to cross USD 45 Billion by 2029, increasing from USD 21.89 Billion in 2023 with 13.14% CAGR by 2024-29.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2018) USD 13.99 Billion
- Market Size (2023) USD 21.89 Billion
- Market Size (2029) USD 45 Billion
- CAGR (2024-2029) 13.14%
- Largest MarketNorth America
- Fastest Market Asia-Pacific
- Format
Featured Companies
- 1. Western Digital Corporation
- 2. PayPal Holdings, Inc
- 3. Citigroup Inc
- 4. MoneyGram International, Inc.
- 5. WorldRemit Limited
- 6. Wise PLC
- 7. Remitly
- 8. OFX
- 9. Nium
- More...
Digital Remittance Market Analysis
In the interconnected world, the way money moves across borders has undergone a profound transformation thanks to digital remittance services. These services, facilitated by advancements in technology and shifting consumer expectations, have not only simplified the process of sending money internationally but have also played a crucial role in shaping global economies and livelihoods. Traditionally, remittances involved cumbersome processes, high fees, and significant time delays. Families relying on money sent from relatives working abroad faced challenges such as lengthy bank queues, paperwork, and the uncertainty of when funds would arrive. However, the advent of digital remittance platforms has revolutionized this landscape. Digital remittance services leverage technology to streamline the transfer of funds. Mobile apps and online platforms now allow senders to initiate transactions from their smartphones or computers, often within minutes. This shift has democratized financial access, empowering millions of people, particularly in developing countries, to receive funds swiftly and securely. The digital remittance industry has attracted a diverse array of participants, ranging from fintech startups to established financial institutions and telecommunications companies. Platforms such as TransferWise (now Wise), PayPal, and Revolut have gained prominence by offering competitive exchange rates, low fees, and user-friendly interfaces. These companies capitalize on technology such as blockchain and AI to optimize transaction speed, security, and cost-effectiveness. Moreover, partnerships between remittance providers and local banks or payment processors have expanded the reach and convenience of these services. For instance, collaborations with mobile money operators in Africa have enabled seamless integration between digital remittance platforms and local financial ecosystems. The impact of digital remittances extends beyond individual transactions. They serve as lifelines for families in developing countries, contributing to poverty reduction, healthcare access, and education funding. Furthermore, these inflows stimulate local economies by increasing household purchasing power and fostering entrepreneurship. In regions heavily reliant on remittances, such as South Asia and Sub-Saharan Africa, these funds constitute a vital source of foreign exchange and financial stability. According to the research report, “Global Digital Remittance Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 45 Billion by 2029, increasing from USD 21.89 Billion in 2023. The market is expected to grow with 13.14% CAGR by 2024-29. The market expansion can be ascribed to the rise in family-to-family money transfers by migratory workers. Additionally, it is anticipated that throughout the course of the forecast period, the volume of cross-border transactions and the use of mobile-based payment channels would both increase. The growth of digital transfer platforms should cause customers to choose online transactions. The popularity of electronic devices in cross-border payments & remittance services has also been aided by the rise in mobile device usage over the past few years. Due to how fast and inexpensively they can transmit money, customers across the world are switching to digital remittance services. Additionally, digital remittance service providers provide their clients great degrees of financial security and anonymity. The entire process of transferring money was expensive and time-consuming due to the mediators' never-ending chains, extra fees, and paperwork. But the introduction of digital remittance services has made it possible for companies and clients to benefit from faster, more inexpensive, and value-added services for transferring money. Due to increased market competition, the costs associated with money transfers have significantly decreased. A number of regulators have been driven to pay heed to and regulate the digital remittance business due to the growing popularity of digital remittance networks amongst low-wage migrant workers that utilize these services to send cash to their family. Additionally, international remittances contribute significantly to the growth of emerging markets' economies. As a result, authorized regulators oversee and manage money transfer fees to entice users to keep using digital remittance services in order to support the economic development of their home nation. Over the course of the forecast, these variables are anticipated to support market expansion.
Click Here to Download this information in a PDF
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
Download SampleMarket Dynamic
Market Drivers • Rise of Neobanks and Fintech Innovations: The rise of neobanks and fintech innovations has transformed the financial landscape by offering agile, customer-centric solutions, including digital remittance services. Neobanks, characterized by their digital-first approach and lack of physical branches, have disrupted traditional banking models by providing competitive exchange rates, lower transaction fees, and seamless user experiences through intuitive mobile apps. These fintech firms leverage technology to streamline remittance processes, appealing to tech-savvy consumers who prioritize convenience and cost-effectiveness. Their disruptive presence has compelled traditional banks to innovate and enhance their remittance offerings, driving competition and fostering greater choice for consumers. • Globalization of Workforce and Migration Patterns: The globalization of the workforce has spurred a significant increase in international migration, leading to higher demand for efficient cross-border payment solutions such as digital remittances. Global workforce mobility, driven by opportunities in sectors like technology, healthcare, and hospitality, has created a vast diaspora of migrant workers who regularly send money to support families and communities in their home countries. This demographic trend underscores the importance of affordable, reliable remittance services that cater to the unique needs of migrants, contributing to the steady growth of the digital remittance industry globally. Market Challenges • Currency Volatility and Exchange Rate Fluctuations: Currency volatility and exchange rate fluctuations pose significant challenges for digital remittance providers and users alike. Fluctuating exchange rates can impact the value of remittances sent and received, affecting the purchasing power of beneficiaries. Providers must navigate these fluctuations to offer competitive rates and ensure transparency in pricing to maintain customer trust. Mitigating currency risks often involves sophisticated risk management strategies and partnerships with financial institutions to stabilize transaction costs and minimize financial volatility for both senders and recipients. • Financial Inclusion and Access Barriers: Despite the proliferation of digital remittance services, barriers to financial inclusion persist in many regions. Access barriers such as limited banking infrastructure, low digital literacy rates, and unreliable internet connectivity hinder the adoption of digital payment solutions. In rural and underserved areas, where traditional banking services are scarce, recipients often rely on cash-based transactions, limiting the reach and effectiveness of digital remittance platforms. Addressing these access barriers requires collaborative efforts between remittance providers, governments, and local communities to improve financial literacy, expand digital infrastructure, and promote the use of mobile wallets and agent networks. Market Trends • Expansion of Peer-to-Peer (P2P) and Social Remittances: The expansion of peer-to-peer (P2P) remittance platforms represents a growing trend in the digital remittance industry. P2P platforms enable individuals to transfer funds directly to friends and family members without intermediaries, leveraging social connections and trust networks. These platforms typically offer lower fees, faster transaction times, and greater control over remittance processes compared to traditional methods. The rise of social remittances, where migrant workers send money directly to specific needs or projects in their home communities, further exemplifies this trend. P2P and social remittance platforms cater to consumer preferences for personalized, transparent, and cost-effective remittance solutions, driving innovation and competition in the market. • Environmental, Social, and Governance (ESG) Considerations: Increasingly, environmental, social, and governance (ESG) considerations are shaping corporate strategies and consumer choices within the digital remittance industry. Remittance providers are placing greater emphasis on sustainability, ethical business practices, and social impact initiatives. This includes initiatives to reduce carbon footprints associated with remittance operations, promote financial literacy among recipients, and support community development projects in remittance-receiving regions. Integrating ESG principles into business operations not only enhances corporate reputation and customer loyalty but also contributes positively to social welfare and economic development in vulnerable communities globally.
Digital Remittance Segmentation
| By Type | Inward | |
| Outward | ||
| By Channel | Bank | |
| Money Transfer Operation | ||
| Online Platform | ||
| Other | ||
| By End User | Migrant Labour | |
| Personal | ||
| Small Business | ||
| Other | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| South America | Brazil | |
| Argentina | ||
| Colombia | ||
| MEA | United Arab Emirates | |
| Saudi Arabia | ||
| South Africa | ||
Outward is leading in the digital remittance market due to its pioneering use of blockchain technology, which revolutionizes cross-border transactions with enhanced speed, cost-efficiency, and security. Outward has distinguished itself in the competitive digital remittance landscape by embracing blockchain technology as a core mechanism for facilitating international money transfers. Unlike traditional remittance methods that often involve multiple intermediaries, delays, and high transaction fees, Outward's blockchain-based platform enables direct peer-to-peer transactions. This decentralized approach leverages blockchain's distributed ledger technology to securely record and verify transactions across a network of computers, ensuring transparency and reducing the risk of fraud or manipulation. One of the key advantages of Outward's blockchain integration is its ability to streamline the remittance process, significantly reducing both the time and cost associated with cross-border transfers. By eliminating intermediaries such as correspondent banks and clearinghouses, Outward minimizes transaction fees and processing delays, allowing customers to send and receive funds more quickly and economically. Transactions that traditionally took days to settle can now be completed within minutes, enhancing the overall user experience and responsiveness to customer needs. Moreover, blockchain technology enhances security by encrypting transaction data and maintaining a tamper-resistant record of all transactions. This cryptographic protection ensures that sensitive financial information remains confidential and protected from unauthorized access, bolstering trust and confidence among users. In addition to efficiency and security benefits, Outward's blockchain-based platform offers real-time visibility into transaction status, providing customers with instant updates on the progress of their transfers. This transparency not only improves the customer experience but also helps build credibility and loyalty in an industry where reliability and accountability are paramount. Money Transfer Operation (MTO) channels are leading in the digital remittance market due to their extensive global network, established brand trust, and integrated digital platforms. Money Transfer Operation (MTO) channels have solidified their leadership in the digital remittance market by leveraging several key advantages. MTOs benefit from an extensive global network of physical locations and partnerships, which facilitate convenient cash pickup and delivery options for recipients worldwide. This expansive reach ensures accessibility in both urban centers and remote areas, catering to diverse customer needs and preferences. MTOs have built strong brand trust over decades of operation, establishing a reputation for reliability, security, and customer service excellence. This brand equity is crucial in an industry where trust and credibility are paramount concerns for senders and recipients alike. Customers often choose MTOs based on their established track record and positive word-of-mouth recommendations within their communities. MTOs have successfully transitioned to integrated digital platforms, offering user-friendly mobile apps and online portals that streamline the remittance process. These digital innovations enhance convenience by enabling customers to initiate transactions, track transfers in real-time, and manage their financial transactions from the comfort of their devices. Such digital transformation has not only improved customer experience but also increased operational efficiency and reduced costs associated with traditional brick-and-mortar operations. Moreover, MTOs prioritize compliance with regulatory requirements, including anti-money laundering (AML) and know-your-customer (KYC) standards, to ensure adherence to legal frameworks across different jurisdictions. This commitment to regulatory compliance instills confidence among customers and regulatory authorities, further reinforcing their position as trusted leaders in the digital remittance space. Personal end users are leading in the digital remittance market due to their increasing adoption of mobile and online platforms for convenient, direct money transfers. Personal end users have emerged as leaders in the digital remittance market primarily because of their growing preference for mobile and online platforms to initiate cross-border money transfers. This trend reflects a broader shift towards digital solutions that offer convenience, accessibility, and cost-effectiveness. Personal end users, often migrant workers or individuals supporting family members abroad, value the ability to send money quickly and securely from their smartphones or computers. Digital remittance platforms cater to these needs by offering intuitive mobile apps and user-friendly interfaces that simplify the transfer process. Furthermore, personal end users benefit from competitive exchange rates and lower transaction fees offered by digital remittance providers compared to traditional banking channels or offline money transfer operators. These cost savings are significant for individuals sending regular remittances, as they allow more of the sender's earnings to reach their intended recipients without deductions. Another key factor driving the leadership of personal end users in the digital remittance market is the ability to track transactions in real-time and receive instant notifications on the status of their transfers. This transparency and visibility provide peace of mind to senders and recipients, ensuring that funds are delivered promptly and securely. Moreover, personal end users appreciate the flexibility offered by digital remittance platforms, which often support various payout options such as bank deposits, cash pickups, and mobile wallet transfers. This flexibility allows recipients to choose the method that best suits their preferences and local circumstances, further enhancing customer satisfaction and loyalty.
Click Here to Download this information in a PDF
Digital Remittance Market Regional Insights
North America is leading in the digital remittance market due to its high concentration of tech-savvy consumers, strong digital infrastructure, and extensive network of remittance service providers. North America has established itself as a leader in the digital remittance market owing to several key factors that collectively contribute to its dominance in the industry. The region boasts a significant population of tech-savvy consumers who readily adopt digital and mobile technologies for financial transactions, including cross-border remittances. This demographic inclination towards digital solutions has fueled the rapid growth of digital remittance platforms, which offer convenience, speed, and cost-effectiveness compared to traditional methods. North America benefits from a robust digital infrastructure that supports seamless internet connectivity and mobile penetration across urban and rural areas. This widespread access to technology enables remittance service providers to reach a broad customer base and offer innovative solutions tailored to diverse needs and preferences. As a result, North American consumers enjoy access to a wide array of digital remittance options, from established fintech platforms to traditional financial institutions that have embraced digital transformation. Moreover, the competitive landscape in North America's digital remittance market is characterized by a diverse ecosystem of providers, including fintech startups, established tech giants, and financial institutions. This diversity fosters innovation and competition, driving continuous improvements in service quality, pricing transparency, and customer experience. Consumers benefit from this competitive environment through lower transaction fees, competitive exchange rates, and enhanced features such as real-time transaction tracking and customer support. Additionally, North America's leadership in the digital remittance market is supported by stringent regulatory frameworks that promote consumer protection, financial transparency, and compliance with anti-money laundering (AML) regulations. These regulatory standards enhance trust and confidence among consumers, ensuring that their transactions are secure and conducted within legal parameters.
Click Here to Download this information in a PDF
Key Development
• In February 2024 Digital Wallet Corporation (DWC), did an agreement with Seven Bank, Ltd (Seven Bank), a Japanese bank, to acquire its subsidiary and international money transfer service, Seven Global Remit, Ltd. DWC owns and operates Smiles Mobile Remittance. This acquisition will allow DWC and Seven Bank to collaborate in redefining and improving the landscape of international money transfer services and financial inclusion for foreign residents in Japan. • In February 2024, Visa signed an agreement with Egyptian Banks Company to introduce new solutions around electronic payment services, digital wallets and other offerings. The partnership aims to expand the scope of instant payments and streamline the receipt of international remittances from Egyptian expatriates, the companies said in a Sunday (Feb. 11) press release. • In January 2024, Arab Bank and Mastercard announced the launch of cross border payment services RemitEx. The new collaboration leverages Mastercard's Cross-Border Services platform to provide a remittance product that will enable Arab Bank’s customers to make faster, safer and full-value transfers without fees for the recipient.
Companies Mentioned
- Western Digital Corporation
- PayPal Holdings, Inc
- Citigroup Inc
- MoneyGram International, Inc.
- WorldRemit Limited
- Wise PLC
- Remitly
- OFX
- Nium
- Euronet Worldwide, Inc.
- Ripple Labs, Inc
- Azimo B.V.
- Revolut Ltd.
- Paysafe Limited
- Digital Wallet Corporation
- Veem
Table of Contents
- 1. Executive Summary
- 2. Market Dynamics
- 2.1. Market Drivers & Opportunities
- 2.2. Market Restraints & Challenges
- 2.3. Market Trends
- 2.3.1. XXXX
- 2.3.2. XXXX
- 2.3.3. XXXX
- 2.3.4. XXXX
- 2.3.5. XXXX
- 2.4. Covid-19 Effect
- 2.5. Supply chain Analysis
- 2.6. Policy & Regulatory Framework
- 2.7. Industry Experts Views
- 3. Research Methodology
- 3.1. Secondary Research
- 3.2. Primary Data Collection
- 3.3. Market Formation & Validation
- 3.4. Report Writing, Quality Check & Delivery
- 4. Market Structure
- 4.1. Market Considerate
- 4.2. Assumptions
- 4.3. Limitations
- 4.4. Abbreviations
- 4.5. Sources
- 4.6. Definitions
- 5. Economic /Demographic Snapshot
- 6. Global Digital Remittance Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Region
- 6.3. Market Size and Forecast, By Geography
- 6.4. Market Size and Forecast, By type
- 6.5. Market Size and Forecast, By Channel
- 6.6. Market Size and Forecast, By End user
- 7. North America Digital Remittance Market Outlook
- 7.1. Market Size By Value
- 7.2. Market Share By Country
- 7.3. Market Size and Forecast, By type
- 7.4. Market Size and Forecast, By Channel
- 7.5. Market Size and Forecast, By End user
- 7.6. United States Digital Remittance Market Outlook
- 7.6.1. Market Size By Value
- 7.6.2. Market Size and Forecast By type
- 7.6.3. Market Size and Forecast By Channel
- 7.6.4. Market Size and Forecast By End user
- 7.7. Canada Digital Remittance Market Outlook
- 7.7.1. Market Size By Value
- 7.7.2. Market Size and Forecast By type
- 7.7.3. Market Size and Forecast By Channel
- 7.7.4. Market Size and Forecast By End user
- 7.8. Mexico Digital Remittance Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By type
- 7.8.3. Market Size and Forecast By Channel
- 7.8.4. Market Size and Forecast By End user
- 8. Europe Digital Remittance Market Outlook
- 8.1. Market Size By Value
- 8.2. Market Share By Country
- 8.3. Market Size and Forecast, By type
- 8.4. Market Size and Forecast, By Channel
- 8.5. Market Size and Forecast, By End user
- 8.6. Germany Digital Remittance Market Outlook
- 8.6.1. Market Size By Value
- 8.6.2. Market Size and Forecast By type
- 8.6.3. Market Size and Forecast By Channel
- 8.6.4. Market Size and Forecast By End user
- 8.7. United Kingdom Digital Remittance Market Outlook
- 8.7.1. Market Size By Value
- 8.7.2. Market Size and Forecast By type
- 8.7.3. Market Size and Forecast By Channel
- 8.7.4. Market Size and Forecast By End user
- 8.8. France Digital Remittance Market Outlook
- 8.8.1. Market Size By Value
- 8.8.2. Market Size and Forecast By type
- 8.8.3. Market Size and Forecast By Channel
- 8.8.4. Market Size and Forecast By End user
- 8.9. Italy Digital Remittance Market Outlook
- 8.9.1. Market Size By Value
- 8.9.2. Market Size and Forecast By type
- 8.9.3. Market Size and Forecast By Channel
- 8.9.4. Market Size and Forecast By End user
- 8.10. Spain Digital Remittance Market Outlook
- 8.10.1. Market Size By Value
- 8.10.2. Market Size and Forecast By type
- 8.10.3. Market Size and Forecast By Channel
- 8.10.4. Market Size and Forecast By End user
- 8.11. Russia Digital Remittance Market Outlook
- 8.11.1. Market Size By Value
- 8.11.2. Market Size and Forecast By type
- 8.11.3. Market Size and Forecast By Channel
- 8.11.4. Market Size and Forecast By End user
- 9. Asia-Pacific Digital Remittance Market Outlook
- 9.1. Market Size By Value
- 9.2. Market Share By Country
- 9.3. Market Size and Forecast, By type
- 9.4. Market Size and Forecast, By Channel
- 9.5. Market Size and Forecast, By End user
- 9.6. China Digital Remittance Market Outlook
- 9.6.1. Market Size By Value
- 9.6.2. Market Size and Forecast By type
- 9.6.3. Market Size and Forecast By Channel
- 9.6.4. Market Size and Forecast By End user
- 9.7. Japan Digital Remittance Market Outlook
- 9.7.1. Market Size By Value
- 9.7.2. Market Size and Forecast By type
- 9.7.3. Market Size and Forecast By Channel
- 9.7.4. Market Size and Forecast By End user
- 9.8. India Digital Remittance Market Outlook
- 9.8.1. Market Size By Value
- 9.8.2. Market Size and Forecast By type
- 9.8.3. Market Size and Forecast By Channel
- 9.8.4. Market Size and Forecast By End user
- 9.9. Australia Digital Remittance Market Outlook
- 9.9.1. Market Size By Value
- 9.9.2. Market Size and Forecast By type
- 9.9.3. Market Size and Forecast By Channel
- 9.9.4. Market Size and Forecast By End user
- 9.10. South Korea Digital Remittance Market Outlook
- 9.10.1. Market Size By Value
- 9.10.2. Market Size and Forecast By type
- 9.10.3. Market Size and Forecast By Channel
- 9.10.4. Market Size and Forecast By End user
- 10. South America Digital Remittance Market Outlook
- 10.1. Market Size By Value
- 10.2. Market Share By Country
- 10.3. Market Size and Forecast, By type
- 10.4. Market Size and Forecast, By Channel
- 10.5. Market Size and Forecast, By End user
- 10.6. Brazil Digital Remittance Market Outlook
- 10.6.1. Market Size By Value
- 10.6.2. Market Size and Forecast By type
- 10.6.3. Market Size and Forecast By Channel
- 10.6.4. Market Size and Forecast By End user
- 10.7. Argentina Digital Remittance Market Outlook
- 10.7.1. Market Size By Value
- 10.7.2. Market Size and Forecast By type
- 10.7.3. Market Size and Forecast By Channel
- 10.7.4. Market Size and Forecast By End user
- 10.8. Columbia Digital Remittance Market Outlook
- 10.8.1. Market Size By Value
- 10.8.2. Market Size and Forecast By type
- 10.8.3. Market Size and Forecast By Channel
- 10.8.4. Market Size and Forecast By End user
- 11. Middle East & Africa Digital Remittance Market Outlook
- 11.1. Market Size By Value
- 11.2. Market Share By Country
- 11.3. Market Size and Forecast, By type
- 11.4. Market Size and Forecast, By Channel
- 11.5. Market Size and Forecast, By End user
- 11.6. UAE Digital Remittance Market Outlook
- 11.6.1. Market Size By Value
- 11.6.2. Market Size and Forecast By type
- 11.6.3. Market Size and Forecast By Channel
- 11.6.4. Market Size and Forecast By End user
- 11.7. Saudi Arabia Digital Remittance Market Outlook
- 11.7.1. Market Size By Value
- 11.7.2. Market Size and Forecast By type
- 11.7.3. Market Size and Forecast By Channel
- 11.7.4. Market Size and Forecast By End user
- 11.8. South Africa Digital Remittance Market Outlook
- 11.8.1. Market Size By Value
- 11.8.2. Market Size and Forecast By type
- 11.8.3. Market Size and Forecast By Channel
- 11.8.4. Market Size and Forecast By End user
- 12. Competitive Landscape
- 12.1. Competitive Dashboard
- 12.2. Business Strategies Adopted by Key Players
- 12.3. Key Players Market Share Insights and Analysis, 2022
- 12.4. Key Players Market Positioning Matrix
- 12.5. Porter's Five Forces
- 12.6. Company Profile
- 12.6.1. PayPal Holdings, Inc
- 12.6.1.1. Company Snapshot
- 12.6.1.2. Company Overview
- 12.6.1.3. Financial Highlights
- 12.6.1.4. Geographic Insights
- 12.6.1.5. Business Segment & Performance
- 12.6.1.6. Product Portfolio
- 12.6.1.7. Key Executives
- 12.6.1.8. Strategic Moves & Developments
- 12.6.2. The Western Union Company
- 12.6.3. MoneyGram International, Inc.
- 12.6.4. WorldRemit Limited
- 12.6.5. Wise PLC
- 12.6.6. Remitly
- 12.6.7. OFX
- 12.6.8. Nium
- 12.6.9. Euronet Worldwide, Inc.
- 12.6.10. Ripple Labs, Inc
- 12.6.11. Azimo B.V.
- 12.6.12. Revolut Ltd.
- 12.6.13. Paysafe Limited
- 12.6.14. Digital Wallet Corporation
- 12.6.15. Citigroup Inc.
- 12.6.16. Veem
- 13. Strategic Recommendations
- 14. Annexure
- 14.1. FAQ`s
- 14.2. Notes
- 14.3. Related Reports
- 15. Disclaimer
Table 2: Influencing Factors for Digital Remittance Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Digital Remittance Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Digital Remittance Market Size and Forecast, By type (2018 to 2029F) (In USD Billion)
Table 8: Global Digital Remittance Market Size and Forecast, By Channel (2018 to 2029F) (In USD Billion)
Table 9: Global Digital Remittance Market Size and Forecast, By End user (2018 to 2029F) (In USD Billion)
Table 10: North America Digital Remittance Market Size and Forecast, By type (2018 to 2029F) (In USD Billion)
Table 11: North America Digital Remittance Market Size and Forecast, By Channel (2018 to 2029F) (In USD Billion)
Table 12: North America Digital Remittance Market Size and Forecast, By End user (2018 to 2029F) (In USD Billion)
Table 13: United States Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 14: United States Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 15: United States Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 16: Canada Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 17: Canada Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 18: Canada Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 19: Mexico Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 20: Mexico Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 21: Mexico Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 22: Europe Digital Remittance Market Size and Forecast, By type (2018 to 2029F) (In USD Billion)
Table 23: Europe Digital Remittance Market Size and Forecast, By Channel (2018 to 2029F) (In USD Billion)
Table 24: Europe Digital Remittance Market Size and Forecast, By End user (2018 to 2029F) (In USD Billion)
Table 25: Germany Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 26: Germany Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 27: Germany Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 28: United Kingdom Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 29: United Kingdom Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 30: United Kingdom Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 31: France Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 32: France Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 33: France Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 34: Italy Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 35: Italy Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 36: Italy Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 37: Spain Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 38: Spain Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 39: Spain Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 40: Russia Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 41: Russia Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 42: Russia Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 43: Asia-Pacific Digital Remittance Market Size and Forecast, By type (2018 to 2029F) (In USD Billion)
Table 44: Asia-Pacific Digital Remittance Market Size and Forecast, By Channel (2018 to 2029F) (In USD Billion)
Table 45: Asia-Pacific Digital Remittance Market Size and Forecast, By End user (2018 to 2029F) (In USD Billion)
Table 46: China Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 47: China Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 48: China Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 49: Japan Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 50: Japan Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 51: Japan Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 52: India Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 53: India Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 54: India Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 55: Australia Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 56: Australia Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 57: Australia Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 58: South Korea Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 59: South Korea Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 60: South Korea Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 61: South America Digital Remittance Market Size and Forecast, By type (2018 to 2029F) (In USD Billion)
Table 62: South America Digital Remittance Market Size and Forecast, By Channel (2018 to 2029F) (In USD Billion)
Table 63: South America Digital Remittance Market Size and Forecast, By End user (2018 to 2029F) (In USD Billion)
Table 64: Brazil Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 65: Brazil Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 66: Brazil Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 67: Argentina Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 68: Argentina Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 69: Argentina Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 70: Colombia Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 71: Colombia Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 72: Colombia Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 73: Middle East & Africa Digital Remittance Market Size and Forecast, By type (2018 to 2029F) (In USD Billion)
Table 74: Middle East & Africa Digital Remittance Market Size and Forecast, By Channel (2018 to 2029F) (In USD Billion)
Table 75: Middle East & Africa Digital Remittance Market Size and Forecast, By End user (2018 to 2029F) (In USD Billion)
Table 76: United Arab Emirates Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 77: United Arab Emirates Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 78: United Arab Emirates Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 79: Saudi Arabia Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 80: Saudi Arabia Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 81: Saudi Arabia Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Table 82: South Africa Digital Remittance Market Size and Forecast By type (2018 to 2029F) (In USD Billion)
Table 83: South Africa Digital Remittance Market Size and Forecast By Channel (2018 to 2029F) (In USD Billion)
Table 84: South Africa Digital Remittance Market Size and Forecast By End user (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Digital Remittance Market Share By Region (2023)
Figure 6: North America Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Digital Remittance Market Share By Country (2023)
Figure 8: US Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Europe Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Europe Digital Remittance Market Share By Country (2023)
Figure 13: Germany Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: UK Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: France Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 16: Italy Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 17: Spain Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 18: Russia Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 19: Asia-Pacific Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 20: Asia-Pacific Digital Remittance Market Share By Country (2023)
Figure 21: China Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 22: Japan Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 23: India Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 24: Australia Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 25: South Korea Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 26: South America Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 27: South America Digital Remittance Market Share By Country (2023)
Figure 28: Brazil Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 29: Argentina Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 30: Columbia Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 31: Middle East & Africa Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 32: Middle East & Africa Digital Remittance Market Share By Country (2023)
Figure 33: UAE Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 34: Saudi Arabia Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 35: South Africa Digital Remittance Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 36: Competitive Dashboard of top 5 players, 2023
Figure 37: Market Share insights of key players, 2023
Figure 38: Porter's Five Forces of Global Digital Remittance Market
Digital Remittance Market Research FAQs
Related Reports
One individual can access, store, display, or archive the report in Excel format but cannot print, copy, or share it. Use is confidential and internal only. Read More
One individual can access, store, display, or archive the report in PDF format but cannot print, copy, or share it. Use is confidential and internal only. Read More
Up to 10 employees in one region can store, display, duplicate, and archive the report for internal use. Use is confidential and printable. Read More
All employees globally can access, print, copy, and cite data externally (with attribution to Bonafide Research). Read More
Safe and Secure SSL Encrypted
Quick Contacts
Want to customize this report?
We offer 10% Free Customization at the time of purchase
Get Free Customization
Trusted Partners
Budget constraints? Get in touch with us for special pricing
Request DiscountOrder Detail
- Order Placed (22 December, 2024)
- Notify To Team (22 December, 2024)
- Report updation (23 December, 2024)
- Report Quality Check (23 December, 2024)
- Report Dispatch (24 December, 2024)
- Hard Copy
Recently Viewed Products
Global Digital Remittance Market Outlook, 2029
We are friendly and approachable, give us a call.