Digital remittance market is anticipated to grow at a CAGR of 15.9% during the forecast period. The market growth can be attributed to the increasing fund transfers from migrant workers to their families. Moreover, the increasing number of cross-border transactions and the growing adoption of mobile-based payment channels are expected to propel market growth over the forecast period. According to Visa Economic Empowerment Institute, global remittances totalled $706 billion in 2019, of this, low- and middle-income countries (LMICs) received a record $554 billion, which was larger than foreign direct investments (FDIs) in these countries. In addition, customers across the globe are also shifting toward digital remittance services as they reduced the money transfer time and remittance costs, and offer high privacy and protection for consumers’ money.
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This Digital Remittance Market report briefly talks about the significance of every segment and growth aspects. It offers key statistics about major regions such as Europe, Asia Pacific, Middle East, Africa, North America and Latin America. This comprehensive Digital Remittance Market report works as a potent tool to allow key players get the right direction and guidance for companies to survive in the competitive market. Some of the major sectors are discussed in this Digital Remittance Market report such as manufacturing technology and industry applications. Competitors section, product type section and end-user section are the leading sections covered in this Digital Remittance Market study report. Entire market is covered in this Market report along with leading sections. It also covers basic overview of the entire market to help new entrants in making business easy going and forward.
All the significant parameters are also captured in this Digital Remittance Market research report. Key strategies are also captured here to help novel entrants to retain their position in the market. All the significant parameters are also discussed here along with market dynamics such as trends, challenges, opportunities and drivers. It also presents product specifications, company profile and 2022-2028 market shares for every company. Important information covered in this report enables key participants to know regarding the qualitative growth parameters of the global market. Quantifiable information covered in this Digital Remittance Market report helps to analyze country level and regional level data integrating the supply and demand strengths which are augmenting the market growth. It then goes on to talk about COVID-19 epidemic and how it several affected a number of major business sectors around the globe.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Digital Remittance Market Report Segment
By Type
- Inward Digital Remittance
- Outward Digital Remittance
By Distribution Channel
- Oil and gas Banks
- Money Transfer Operators
- Online Platform
- Other Channels
By End User
- Business
- Personal
Global Digital Remittance Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital remittance market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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