openPR Logo
Press release

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

07-28-2021 11:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Valuates Reports

Digital Remittance Market Worth $21420 Million by 2027 |

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.

View Full Report : https://reports.valuates.com/market-reports/QYRE-Auto-1191/global-digital-remittance

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.

Inquire for Sample Report : https://reports.valuates.com/request/sample/QYRE-Auto-1191/Global_Digital_Remittance_Market

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

Valuates Reports
sales@valuates.com
For U.S. Toll Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91-9945648335

Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports/

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Digital Remittance Market Worth $21420 Million by 2027 | Valuates Reports here

News-ID: 2339420 • Views: 305

More Releases from Valuates Reports

Metaverse Market in Business, Consumer, Hardware, Property & in VR Industry | Va …
Metaverse Market Size The global Metaverse market size is projected to reach USD 28 Billion by 2028, from 510 USD Million in 2022, at a CAGR of 95% during 2022-2028. A metaverse is a term used to describe the internet as a 3D virtual living space.Gaming, content creation, learning, social interaction, training, and virtual shopping are all expected to grow at a significant rate in the metaverse market. Metaverse offers communication
FinTech Market Worth is Predicted to Grow USD 16652680 Billion by 2028 with a CA …
FinTech Market Size The global fintech market size is projected to reach US$ 16652680 million by 2028 from US$ 6588780 million in 2021 at a Compound Annual Growth Rate (CAGR) of 13.9% during the forecast period 2022-2028. Key drivers of the fintech market include the rise in digital banking and a growing interest in cryptocurrencies, blockchain will spur market growth in the coming years. Also, a Platform as a Service( PAAS)
Bioinformatics Cloud Platform Market Report | Valuates Reports
Bioinformatics Cloud Platform Market With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Bioinformatics Cloud Platform 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 Bioinformatics Cloud Platform market in terms of revenue. Players, stakeholders, and other
Usage-Based Insurance (UBI) Market by Policy Type [Pay-As-You-Drive Insurance (P …
UBI Market Size The global usage-based insurance market size was valued at $28.7 billion in 2019, and is projected to reach $149.2 billion by 2027, growing at a CAGR of 25.1% from 2020 to 2027. Usage-based insurance is expected to grow rapidly in the coming years. Key drivers of the usage-based insurance market include the growing adoption of telematics technology in the automotive insurance space. Download Free Sample: https://reports.valuates.com/request/sample/ALLI-Auto-0U87/Usage_Based_Insurance Trends Influencing the Global

All 5 Releases


More Releases for Remittance

Asia-Pacific Digital Remittance Market by Remittance Type (Inward Digital Remitt …
Digital remittance involves the transfer of money by foreign migrants cross-border to another person via digital platforms. It serves as a latest service, which makes transferring funds easier, quicker, and enables remote sends. The remittance industry is shifting its focus on being digitally remastered. Factors such as growth in base of customers comfortable with using mobile devices in Asia-Pacific, rise in competition from new entrants, and margin pressures due to
Asia-Pacific Digital Remittance Market by Remittance Type (Inward Digital Remitt …
Digital remittance involves the transfer of money by foreign migrants cross-border to another person via digital platforms. It serves as a latest service, which makes transferring funds easier, quicker, and enables remote sends. The remittance industry is shifting its focus on being digitally remastered. Factors such as growth in base of customers comfortable with using mobile devices in Asia-Pacific, rise in competition from new entrants, and margin pressures due to
Asia-Pacific Digital Remittance Market by Remittance Type (Inward Digital Remitt …
Digital remittance involves the transfer of money by foreign migrants cross-border to another person via digital platforms. It serves as a latest service, which makes transferring funds easier, quicker, and enables remote sends. The remittance industry is shifting its focus on being digitally remastered. Factors such as growth in base of customers comfortable with using mobile devices in Asia-Pacific, rise in competition from new entrants, and margin pressures due to
Asia-Pacific Digital Remittance Market by Remittance Type (Inward Digital Remitt …
According to a recent report published by Allied Market Research, titled, Asia-Pacific digital remittance market by Remittance Type, Remittance Channel, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025, the Asia-Pacific digital remittance market was valued at $31,234 million in 2016, and is projected to reach at $215,817 million by 2025, growing at a CAGR of 24.2% from 2018 to 2025. Access Full Summary @ https://www.alliedmarketresearch.com/asia-pacific-digital-remittance-market The personal segment dominated the
The Biggest Issue with Remittance: Ken Research
Introduction: The Global Remittance Market has been valued to be at approximately USD 600 Billion based on Market Research Reports for Remittance. The market has had a growth rate of about 4.5% between 2012 and 2017 due to increasing reliance on remittance amounts in low and middle income countries. Close to 70% of the remittance amount transferred is used for the basic expenses of the recipient families in developing economies.
Global Remittance Market Key Applications & Investments 2025
Qyresearchreports include new market research report "Global Remittance Market Size,Status and Forecast 2025" to its huge collection of research reports. QYResearchReports.com has added a new report covering the global Remittance market to its vast database. The research report studies the global Remittance market to analyze the factors impacting it. The report has been divided into several chapters that discuss the global Remittance market in absolute detail. The report begins with the