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Global Digital Remittance Market to Witness a Pronounce Growth During 2024– Top Key players like WorldRemit,MoneyGram,Remitly,Inc.
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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.
Beyond the pure fee costs, important time, reach, and security benefits accrue from digital remittances. The cost savings from digital remittances could be a meaningful boost to global GDP and have a noteworthy impact on poverty. In order for all of these positive developments to be realized, and enabling environment for digital remittances must be created.
Identity, connectivity, banking, and literacy solutions for all must be developed by the public and private sectors in collaboration. With the current refugee crisis, the time is ripe for digital remittances to provide enhanced economic opportunity for those that need it most.
In the foreseeable future, Digital Remittance will show an optimistic upward trend. Although Digital Remittance bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage and financial support, do not enter the Digital Remittance field hastily.
According to this study, over the next five years the Digital Remittance market will register a 23.6% CAGR in terms of revenue, the global market size will reach US$ 5720 million by 2024, from US$ 1990 million in 2019. In particular, this report presents the global revenue market share of key companies in Digital Remittance business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
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
Market Segment by Type, covers
Banks Digital Remittance
Digital Money Transfer Operators
Market Segment by Applications, can be divided into
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses
Others
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Related Information:
North America Digital Remittance Market Growth 2019-2024
United States Digital Remittance Market Growth 2019-2024
Asia-Pacific Digital Remittance Market Growth 2019-2024
Europe Digital Remittance Market Growth 2019-2024
EMEA Digital Remittance Market Growth 2019-2024
Global Digital Remittance Market Growth 2019-2024
China Digital Remittance Market Growth 2019-2024
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