Asia-Pacific Digital Remittance Market by Remittance Type (Inward Digital Remittance, Outward Digital Remittance), Remittance Channel (Banks, Money Transfer Operators (MTOs), and Others), and End User (Business and Personal)

According to a recent report published by Allied Market Research, titled, Asia-Pacific digital remittance market by Remittance Type, Remittance Channel, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025, the Asia-Pacific digital remittance market was valued at $31,234 million in 2016, and is projected to reach at $215,817 million by 2025, growing at a CAGR of 24.2% from 2018 to 2025.

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Rise in cross-border transactions & mobile-based payment channels, reduced remittance cost & transfer time, and increase in adoption of banking & financial services majorly contribute towards the growth of the market. However, slowdown of the remittance industry in Asia-Pacific and lack of awareness about using digital channels to remit money hamper the Asia-Pacific digital remittance market growth.

Based on remittance type, inward digital remittance segment dominated the market in 2016, and is expected to continue this trend during the forecast period, owing to initiatives taken by the government of different countries to boost digital penetration of inward remittances in this region. Furthermore, the outward digital remittance segment is expected to grow at the highest CAGR during the forecast period, owing to increase in engagement of people in this region with their overseas counterparts for business, leisure, education, medical, entertainment-related activities, which involve transfer of money overseas.

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The Asia-Pacific digital remittance market was led by China in 2016, and is projected to maintain its dominance during the forecast period. However, Singapore is expected to witness the highest growth, owing to the emergence of number of remittance technology start-ups in Singapore and widespread use of communication applications or social networking among foreign workers.

Some of the key market players profiled in the report include InstaReM, Remitly, Inc., Flywire, SingX Pte Ltd., Azimo Limited, WorldRemit Ltd., TransferWise Ltd., Ripple, MoneyGram, and TNG Wallet.

LIST OF TABLES

TABLE 01. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE, BY REMITTANCE TYPE, 2017-2025 ($MILLION)
TABLE 02. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR INWARD DIGITAL REMITTANCE, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 03. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR OUTWARD DIGITAL REMITTANCE, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 04. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE, BY REMITTANCE CHANNEL, 2017-2025 ($MILLION)
TABLE 05. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR BANKS, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 06. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR MONEY TRANSFER OPERATOR, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 07. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR OTHERS, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 08. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE, BY END USER, 2017-2025 ($MILLION)
TABLE 09. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR BUSINESS, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 10. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR PERSONAL, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 11. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR PERSONAL, BY TYPE, 2017-2025 ($MILLION)
TABLE 12. WHITE COLLAR WORKFORCE MARKET REVENUE, BY TYPE, 2017-2025 ($MILLION)
TABLE 13. BLUE COLLAR WORKFORCE MARKET REVENUE, BY TYPE, 2017-2025 ($MILLION)
TABLE 14. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE, BY COUNTRY, 2017-2025 ($MILLION)
TABLE 15. CHINA DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2017-2025 ($MILLION)
TABLE 16. CHINA DIGITAL REMITTANCE MARKET, BY END USER, 2017-2025 ($MILLION)
TABLE 17. CHINA OUTWARD DIGITAL REMITTANCE MARKET SIZE
TABLE 18. JAPAN DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2017-2025 ($MILLION)
TABLE 19. JAPAN DIGITAL REMITTANCE MARKET, BY END USER, 2017-2025 ($MILLION)
TABLE 20. JAPAN OUTWARD DIGITAL REMITTANCE MARKET SIZE
TABLE 21. INDIA DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2017-2025 ($MILLION)
TABLE 22. INDIA DIGITAL REMITTANCE MARKET, BY END USER, 2017-2025 ($MILLION)
TABLE 23. INDIA OUTWARD DIGITAL REMITTANCE MARKET SIZE
TABLE 24. HONG KONG DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2017-2025 ($MILLION)
TABLE 25. HONG KONG DIGITAL REMITTANCE MARKET, BY END USER, 2017-2025 ($MILLION)
TABLE 26. HONG KONG OUTWARD DIGITAL REMITTANCE MARKET SIZE
TABLE 27. SINGAPORE DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2017-2025 ($MILLION)
TABLE 28. SINGAPORE DIGITAL REMITTANCE MARKET, BY END USER, 2017-2025 ($MILLION)
TABLE 29. SINGAPORE OUTWARD DIGITAL REMITTANCE MARKET SIZE
TABLE 30. TAIWAN DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2017-2025 ($MILLION)
TABLE 31. TAIWAN DIGITAL REMITTANCE MARKET, BY END USER, 2017-2025 ($MILLION)
TABLE 32. TAIWAN OUTWARD DIGITAL REMITTANCE MARKET SIZE
TABLE 33. INDONESIA DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2017-2025 ($MILLION)
TABLE 34. INDONESIA DIGITAL REMITTANCE MARKET, BY END USER, 2017-2025 ($MILLION)
TABLE 35. INDONESIA OUTWARD DIGITAL REMITTANCE MARKET SIZE
TABLE 36. REST OF ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2017-2025 ($MILLION)
TABLE 37. REST OF ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY END USER, 2017-2025 ($MILLION)
TABLE 38. AZIMO LTD.: COMPANY SNAPSHOT
TABLE 39. AZIMO LTD.: PRODUCT PORTFOLIO
TABLE 40. FLYWIRE CORPORATION: COMPANY SNAPSHOT
TABLE 41. FLYWIRE CORPORATION: PRODUCT PORTFOLIO
TABLE 42. INSTAREM: COMPANY SNAPSHOT
TABLE 43. INSTAREM: PRODUCT PORTFOLIO
TABLE 44. MONEYGRAM INTERNATIONAL, INC: COMPANY SNAPSHOT
TABLE 45. MONEYGRAM INTERNATIONAL, INC: OPERATING SEGMENTS
TABLE 46. MONEYGRAM INTERNATIONAL, INC: PRODUCT PORTFOLIO
TABLE 47. REMITLY, INC: COMPANY SNAPSHOT
TABLE 48. RIPPLE: COMPANY SNAPSHOT
TABLE 49. RIPPLE: PRODUCT PORTFOLIO
TABLE 50. SINGX PTE LTD: COMPANY SNAPSHOT
TABLE 51. SINGX PTE LTD: PRODUCT PORTFOLIO
TABLE 52. TNG FINTECH GROUP INC: COMPANY SNAPSHOT
TABLE 53. TNG FINTECH GROUP INC: PRODUCT PORTFOLIO
TABLE 54. TRANSFERWISE LTD: COMPANY SNAPSHOT
TABLE 55. TRANSFERWISE LTD: PRODUCT PORTFOLIO
TABLE 56. WORLDREMIT LTD: COMPANY SNAPSHOT
TABLE 57. WORLDREMIT LTD: PRODUCT PORTFOLIO

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