Press release
Digital Remittance Market estimated to bring USD 8.5 billion by 2025 at a CAGR of 23.3% | Worldwide Top Key Companies (Western Union, PayPal, TransferWise, Remitly)
Digital Remittance Market
Global Digital Remittance Market Overview:
As per the projections of the Market Analyst, The Digital Remittance market has been experiencing rapid growth graph since the past few years. Global Digital Remittance Market Size was valued at 1.5 billion USD, and it will reach 8.5 billion USD in 2025, with a CAGR of 23.3% between 2018 and 2025.
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Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.
On the basis of Application, Migrant labor workforce is the most important drivers to promote the global development. In future, the blockchain technology will exert far-reaching influence on the remittance market. Most of traditional bank, fintech and other financial firms have researched and tested the blockchain technology used in remittance volume.
Regionally, United States, Europe and China is expected to have the largest market share and dominate the Digital Remittance from 2018 to 2025
Market Players of Global Digital Remittance Market:
1 Western Union (WU)
2 Ria Financial Service
3 PayPal/Xoom
4 TransferWise
5 WorldRemit
6 MoneyGram
7 Remitly
8 Azimo
9 TransferGo
10 InstaReM
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The Global Digital Remittance is segmented into:
Global Digital Remittance Market& Forecast - By Product Type Segmentation
1 Banks Digital Remittance
2 Digital Money Transfer Operators
Global Digital Remittance Market and Forecast - Application Segmentation
1 Migrant Labor Workforce
2 Study Abroad and Travel
3 Small Businesses
Global Digital Remittance Market and Forecast - Region Segmentation
1 United States
2 Europe
3 China
4 Japan
5 Southeast Asia
6 India
7 Central & South America
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Key Questions Answered in this Report:
1 What will the market size be in 2025?
2 What are the key factors driving the Digital Remittance Market?
3 What are the challenges to market growth?
4 Who are the key players in the Digital Remittance Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Report Overview
2 Global Growth Trends
3 Market Share by Key Players
4 Breakdown Data by Type and Application
5 United States
6 Europe
7 China
8 Japan
9 Southeast Asia
10 India
11 Central & South America
12 International Players Profiles
13 Market Forecast 2018-2025
14 Analyst's Viewpoints/Conclusions
15 Appendix
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