Digital Remittance Market International Growth Scenario with Impact of COVID-19 by 2027 - Mobetize Corp., MoneyGram, OrbitRemit, Remitly, Ria Financial Services

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 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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The 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.

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 analyzes factors affecting digital remittance market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the digital remittance market in these regions.

Report Spotlights

- Progressive industry trends in the global Digital Remittance market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the market from 2017 to 2027
- Estimation of the demand for Digital Remittance across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and the demand for Digital Remittance
- Market trends and outlook coupled with factors driving and restraining the growth of the market
- Decision-making process by understanding strategies that underpin commercial interest with regard to the market growth
- Digital Remittance market size at various nodes of market
- Detailed overview and segmentation of the market and its dynamics in the industry
- Digital Remittance market size in various regions with promising growth opportunities

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