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Digital Remittance Market Growing at a CAGR of 25.1% Forecast Period 2019 and 2024 | Western Union (WU), Ria Financial Services, PayPal/Xoom, TransferWise, WorldRemit, MoneyGram, Remitly, Azimo, TransferGo, InstaReM, TNG Wallet etc

05-13-2019 03:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsWeb

Digital Remittance Market

Digital Remittance Market

Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet. 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. The global Digital Remittance market is valued at 1540 million USD in 2018 and is expected to reach 5890 million USD by the end of 2024, growing at a CAGR of 25.1% between 2019 and 2024.

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Leading Digital Remittance Market Players:
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

Global Digital Remittance Market Analysis to 2024 is a specialized and in-depth study of the Digital Remittance industry with a focus on the global market trend. The report aims to provide an overview of global Digital Remittance market with detailed market segmentation by product/application and geography. The global Digital Remittance market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the Digital Remittance players and offers key trends and opportunities in the market.

Market Segment by Type:
Banks Digital Remittance
Digital Money Transfer Operators

Market Segment by Applications:
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Digital Remittance market based on product and application. It also provides market size and forecast till 2024 for overall Digital Remittance market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments.

Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Digital Remittance Market Size
2.2 Digital Remittance Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Digital Remittance Market Size by Manufacturers
3.2 Digital Remittance Key Players Head office and Area Served
3.3 Key Players Digital Remittance Product/Solution/Service
3.4 Date of Enter into Digital Remittance Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Digital Remittance Sales by Product
4.2 Global Digital Remittance Revenue by Product
4.3 Digital Remittance Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Digital Remittance Breakdown Data by End User

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