Press release
Global Digital Remittance Market Analysis by Key Competitors-(Western Union (WU), Ria Financial Services, PayPal/Xoom, Transfer Wise, World Remit, MoneyGram) Analysis By Types (Banks Digital Remittance, Digital Money Transfer Operators).
Digital Remittance Market
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. In the same time, some companies like Ant Financial/Alipay, Coins.ph, Auxesis, Bitspark, Rebit and Cashaa, have introduced their products in remittance.
Over the next five years, It is projected that Digital Remittance will register a 25.1% CAGR in terms of revenue, reach US$ 5890 million by 2023, from US$ 1540 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Digital Remittance market by product type, application, key companies and key regions.
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To calculate the market size, It is considered value generated from the sales of the following segments:
Segmentation by product type:
Banks Digital Remittance
Digital Money Transfer Operators
Segmentation by application:
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
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
WeChat Payment
Ant Financial/Alipay
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Some Points From Table of Content:
1 Scope of the Report
2 Executive Summary
3 Global Digital Remittance by Players
4 Digital Remittance by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
Continued…
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