Press release
Mobile Remittance Service Market to Witness Huge Growth by 2023 | Leading Key Players:Mobetize Corp., Remitly, Regalii, peerTransfer
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2018-2023 Global Mobile Remittance Service Market Report Status and Outlook
Around 400 million of the two billion unbanked people in the world have some forms of mobile money account. The global remittance revenue generated from digital channels is estimated to be less than 6% of the total but is progressively growing. However, a predominant endto-enddigital scenario is still some time off.
The growth of the digital remittance market is driven by rise in digitization & automation, reduced remittance cost & transfer time, and growth in adoption of banking & financial services. Furthermore, regulatory initiatives that encourage all financial institutions to become more transparent and nurture richer ecosystems of data & partners supplement the market growth. However, lack of awareness & guidance is a major factor that restrains people from opting for digital remittance transfer mode. Increase in access of financial services such as basic bank accounts among remittance recipients and rise in internet usage offer growth opportunities for the market.
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Companies Profiled in this report includes: Mobetize Corp., Remitly, Regalii, peerTransfer, Currency Cloud, Azimo, WorldRemit, TransferWise, Ripple, MoneyGram
This report presents a comprehensive overview, market shares and growth opportunities of Mobile Remittance Service market by product type, application, key companies and key regions.
To calculate the market size, Publisher considers value generated from the sales of the following segments:
Segmentation by product type:
Banks
Money Transfer Operators
Segmentation by application:
Migrant Labor Workforce
Low-income Households
Small Businesses
Others
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Research objectives
To study and analyze the global Mobile Remittance Service market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Mobile Remittance Service market by identifying its various subsegments.
Focuses on the key global Mobile Remittance Service players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Mobile Remittance Service with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Mobile Remittance Service submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Content:
2018-2023 Global Mobile Remittance Service Market Report (Status and Outlook)
1 Scope of the Report
2 Executive Summary
3 Global Mobile Remittance Service by Players
4 Mobile Remittance Service by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global Mobile Remittance Service Market Forecast
11 Key Players Analysis
11.1 Mobetize Corp.
11.1.1 Company Details
11.1.2 Mobile Remittance Service Product Offered
11.1.3 Mobetize Corp. Mobile Remittance Service Revenue, Gross Margin and Market Share (2016-2018)
11.1.4 Main Business Overview
11.1.5 Mobetize Corp. News
11.2 Remitly
11.2.1 Company Details
11.2.2 Mobile Remittance Service Product Offered
11.2.3 Remitly Mobile Remittance Service Revenue, Gross Margin and Market Share (2016-2018)
11.2.4 Main Business Overview
11.2.5 Remitly News
11.3 Regalii
11.3.1 Company Details
11.3.2 Mobile Remittance Service Product Offered
11.3.3 Regalii Mobile Remittance Service Revenue, Gross Margin and Market Share (2016-2018)
11.3.4 Main Business Overview
11.3.5 Regalii News
11.4 peerTransfer
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