Remittance Market 2020–2027: COVID-19 Outbreak, Current Trends, Growth Opportunities and Business Strategies By JPMorgan Chase & Co., Bank of America, Citigroup Inc., MoneyGram International Inc., RIA Financial Services Ltd. and TransferWise Ltd.

Allied Market Research published a new report, titled, "Remittance Market By Type (Inward Remittance and Outward Remittance), Channel (Banks, Money Transfer Operators, and Others), Application (Consumption, Savings, and Investments), and End User (Business and Personal): Global Opportunity Analysis and Industry Forecast, 2020-2027”.

The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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The report offers key drivers that propel the growth in the global remittance market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

The research offers a detailed segmentation of the global remittance market. Key segments analyzed in the research include type, remittance channel, application, end user, and geography. Extensive analysis of sales, revenue, growth rate, and market share of each type, remittance channel, application and end user for the historic period and the forecast period is offered with the help of tables.

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The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.

The research offers an extensive analysis of key players active in the global remittance industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Bank of America, Citigroup Inc., JPMorgan Chase & Co., MoneyGram International Inc., RIA Financial Services Ltd., TransferWise Ltd., UAE Exchange, Wells Fargo, Western Union Holdings Inc. and XOOM. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

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Key Benefits:
1. The report provides a qualitative and quantitative analysis of the current remittance market trends, forecasts, and market size from 2019 to 2026 to determine new opportunities.
2. Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
3. Top impacting factors & major investment pockets are highlighted in the research.
4. The major countries in each region are analyzed and their revenue contribution is mentioned.
5. The market player positioning segment provides an understanding of the current position of the market players active in the remittance industry.

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Key Offerings of the Report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

Remittance Market Key Segments:
By Type:
1. Inward Remittance
2. Outward Remittance

By Channel:
1. Banks
2. Money Transfer Operator
3. Others

By Application:
1. Consumption
2. Savings
3. Investment

By End User:
1. Business
2. Personal

By Region:
1. South Asia/Southeast Asia
2. MENA
3. Rest of the World

CHAPTERS DISCUSSED IN THE REPORT: [Total 382 Pages]
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Remittance Market, By Type
Chapter 5: Global Remittance Market, By Remittance Channel
Chapter 6: Global Remittance Market, By Application
Chapter 7: Global Remittance Market, By End User
Chapter 8: Remittance Market, By Region
Chapter 9: Company Profiles: Major Players
Chapter 10: Company Profiles: Startup’s

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