Digital Remittance Market Worth $21420 Million by 2027 | Valuates Reports

The global Digital Remittance market size is projected to reach US$ 21420 million by 2027, from US$ 3889.5 million in 2020, at a CAGR of 27.6% during 2021-2027.

This report studies the 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.

The top three companies, Western Union (WU), Ria Financial Services and PayPal/Xoom, have 48% of the market share.

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With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Digital Remittance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Digital Remittance market in terms of revenue.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Digital Remittance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Digital Remittance market.

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Digital Remittance Market Segment Review

Digital Remittance market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Digital Remittance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Digital Remittance Market by Type

o Banks Digital Remittance
o Digital Money Transfer Operators

The segment of digital money transfer holds a comparatively larger share in global market, which accounts for about 86%.

Digital Remittance Market by Application

o Migrant Labor Workforce
o Study Abroad and Travel
o Small Businesses
o Others

The migrant labor workforce holds an important share in terms of applications and accounts for 67% of the market share.

Major Players in the Digital Remittance Market

o Western Union (WU)
o Ria Financial Services
o PayPal/Xoom
o TransferWise
o WorldRemit
o MoneyGram
o Remitly
o Azimo
o TransferGo
o InstaReM
o TNG Wallet
o Toast Me
o OrbitRemit
o Smiles Mobile Remittance
o Avenues India Pvt Ltd

Similar Reports

o Remittance Market https://reports.valuates.com/market-reports/ALLI-Manu-0X32/remittance

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