Digital Remittance Market Outlook to 2027 - Competitive Landscape by MoneyGram, OrbitRemit, Remitly, Ria Financial Services, TransferWise

Rising necessity for secure, safer, and quicker cross-border monetary transactions is one of the major factors driving the growth of the digital remittance market. Moreover, the rising smartphone penetration, attached to the growing number of digital-savvy customers opting for digital remittances, is anticipated to drive the market.

Digital Remittance Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Remittance Channel (Banks, Money Transfer Operators, Others); Remittance Type (Inward Digital Remittance, Outward Digital Remittance); Application (Personal Remittance, Business Remittance) and Geography

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Increasing internet penetration has allowed customers to access financial remittance services. Moreover, an increase in payment automation and digitalization is anticipated to create growth opportunities over the forecast period. Moreover, an increasing number of economic migrants traveling from developing economies to developed economies searching for better work opportunities is predicted to contribute to market growth.

The "Global Digital Remittance Market Analysis to 2027" is a specialized and in-depth study of the digital remittance market with a special focus on the global market trend analysis. The report aims to provide an overview of digital remittance market with detailed market segmentation by remittance channel, remittance type, application. 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 leading digital remittance market players and offers key trends and opportunities in the digital remittance market.

Top Listed Companies in Digital Remittance Market are-
- Azimo
- InstaReM
- Mobetize Corp.
- MoneyGram
- OrbitRemit
- Remitly
- Ria Financial Services
- TransferWise
- Western Union
- WorldRemit Ltd

The global digital remittance market is segmented on the basis of remittance channel, remittance type, application. On the basis of remittance channel, the market is segmented as banks, money transfer operators, others. On the basis of remittance type, the market is segmented as inward digital remittance, outward digital remittance. On the basis of application, the market is segmented as personal remittance, business remittance.

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 various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The digital remittance market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

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