Press release
Asia-Pacific Digital Remittance Market 2018-2025 | TransferWise Ltd, Ripple, MoneyGram, TNG Wallet, Flywire, SingX Pte Ltd., Azimo Limited
Digital remittance is referred as the transfer of money by foreign migrants in their native countries by using digital transfer network such as easy-to-use mobile application, digital wallet, and others. The market witnesses entry of digital remittance operators, which poses a serious challenge to traditional cash-in-hand providers due to reduced user fees and ease of usability. Numerous benefits of using digital remittance such as convenience, speed, lower cost, elimination of the need for tedious form-filling processes, agents, and codes and others have shifted the focus of consumers toward digital transactions for money remittance.Rise in cross-border transactions and mobile-based payment channels, reduced remittance cost & transfer time, and growth in adoption of banking & financial services drive the growth of the market. However, lack of awareness and slowdown of the remittance industry in Asia-Pacific is expected to impede the market growth. Conversely, continuous technological innovations in digital remittance industry as well as rise in internet and mobile penetration in this region are expected to present major opportunities for market expansion in the near future.
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The Asia-Pacific digital remittance market is segmented based on remittance type, remittance channel, end user, and country. Based on remittance type, the market is bifurcated into inward and outward digital remittance. Based on remittance channel, the market is divided into bank, money transfer operator, and others. By end user, it is categorized into personal and business. Based on country, it is analyzed across China, Japan, India, Hong Kong, Singapore, Taiwan, Indonesia, and Rest of Asia-Pacific.
The report provides the profiles of key players, namely InstaReM, Remitly, Inc., Flywire, SingX Pte Ltd., Azimo Limited, WorldRemit Ltd., TransferWise Ltd, Ripple, MoneyGram, and TNG Wallet.
KEY BENEFITS
The study provides an in-depth analysis of the Asia-Pacific digital remittance market and current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the Asia-Pacific digital remittance industry.
The quantitative analysis of the Asia-Pacific digital remittance market from 2016 to 2025 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY REMITTANCE TYPE
- Inward Digital Remittance
- Outward Digital Remittance
BY REMITTANCE CHANNEL
- Bank
- Money Transfer Operator (MTO)
- Others
BY END USER
- Business
- Personal
BY COUNTRY
- China
- Japan
- India
- Hong Kong
- Singapore
- Taiwan
- Indonesia
- Rest of Asia-Pacific
KEY MARKET PLAYERS
- InstaReM
- Remitly, Inc.
- Flywire
- SingX Pte Ltd.
- Azimo Limited
- WorldRemit Ltd
- TransferWise Ltd
- Ripple
- MoneyGram
- TNG Wallet.
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Table of Contents:
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. RESEARCH METHODOLOGY
1.3.1. Secondary research
1.3.2. Primary research
1.3.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. PORTER’S FIVE FORCES ANALYSIS
3.4. DEMOGRAPHIC AND PSYCHOGRAPHIC ANALYSIS OF CUSTOMERS
3.5. KEY INSIGHTS ON TICKET SIZE
3.6. KEY PLAYER POSITIONING, 2016
3.7. MARKET DYNAMICS
3.7.1. Drivers
3.7.1.1. Rise in cross-border transactions and mobile-based payment channels
3.7.1.2. Reduced remittance cost & transfer time
3.7.1.3. Growth in adoption of banking & financial services
3.7.2. Restraints
3.7.2.1. Slowdown of the remittance industry in Asia-Pacific
3.7.2.2. Lack of awareness
3.7.3. Opportunities
3.7.3.1. Technological innovations in digital remittance industry
3.7.3.2. Rise in Internet and Mobile penetration
CHAPTER 4: ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY REMITTANCE TYPE
4.1. OVERVIEW
4.2. INWARD DIGITAL REMITTANCE
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast, by country
4.2.4. Market analysis by country
4.3. OUTWARD DIGITAL REMITTANCE
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast, by country
4.3.4. Market analysis by country
CHAPTER 5: ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL
5.1. OVERVIEW
5.2. BANKS
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast, by country
5.2.4. Market analysis by country
5.3. MONEY TRANSFER OPERATOR
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast, by country
5.3.4. Market analysis by country
5.4. OTHERS
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast, by country
5.4.4. Market analysis by country
CHAPTER 6: ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY END USER
6.1. OVERVIEW
6.2. BUSINESS
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast, by country
6.2.4. Market analysis by country
6.3. PERSONAL
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast, by country
6.3.4. Market analysis by country
6.3.4.1. Personal digital remittance market size and forecast by type
6.3.4.1.1. White Collar Workforce
6.3.4.1.1.1. Key growth factors and opportunities
6.3.4.1.1.2. White collar workforce market size and forecast, by type
6.3.4.1.2. Blue Collar Workforce
6.3.4.1.2.1. Key growth factors and opportunities
6.3.4.1.2.2. Blue collar workforce market size and forecast, by type
CHAPTER 7: ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY COUNTRY
7.1. OVERVIEW
7.2. CHINA
7.2.1. Key growth factors and opportunities
7.2.2. Market size and forecast, by remittance channel
7.2.3. Market size and forecast, by end user
7.2.4. China digital remittance Market size by top 10 corridor (Outward, 2017)
7.2.5. China outward digital remittance market size
7.3. JAPAN
7.3.1. Key growth factors and opportunities
7.3.2. Market size and forecast, by remittance channel
7.3.3. Market size and forecast, by end user
7.3.4. Japan digital remittance market size by top 10 corridor (Outward, 2017)
7.3.5. Japan outward digital remittance market size
7.4. INDIA
7.4.1. Key growth factors and opportunities
7.4.2. Market size and forecast, by remittance channel
7.4.3. Market size and forecast, by end user
7.4.4. India digital remittance Market size by top 10 corridor (Outward, 2017)
7.4.5. India outward digital remittance market size
7.5. HONG KONG
7.5.1. Key growth factors and opportunities
7.5.2. Market size and forecast, by remittance channel
7.5.3. Market size and forecast, by end user
7.5.4. Hong Kong digital remittance Market size by top 10 corridor (Outward, 2017)
7.5.5. Hong Kong outward digital remittance market size
7.6. SINGAPORE
7.6.1. Key growth factors and opportunities
7.6.2. Market size and forecast, by remittance channel
7.6.3. Market size and forecast, by end user
7.6.4. Singapore digital remittance Market size by top 10 corridor (Outward, 2017)
7.6.5. Singapore outward digital remittance market size
7.7. TAIWAN
7.7.1. Key growth factors and opportunities
7.7.2. Market size and forecast, by remittance channel
7.7.3. Market size and forecast, by end user
7.7.4. Taiwan digital remittance Market size by top 10 corridor (Outward, 2017)
7.7.5. Taiwan outward digital remittance market size
7.8. INDONESIA
7.8.1. Key growth factors and opportunities
7.8.2. Market size and forecast, by remittance channel
7.8.3. Market size and forecast, by end user
7.8.4. Indonesia digital remittance Market size by top 10 corridor (Outward, 2017)
7.8.5. Indonesia outward digital remittance market size
7.9. REST OF ASIA-PACIFIC
7.9.1. Key growth factors and opportunities
7.9.2. Market size and forecast, by remittance channel
7.9.3. Market size and forecast, by end user
Continue….
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