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Global Digital Money Transfer and Remittance Market Size 2021 | Rapid Growth in Urbanization, Future Industry Opportunities, Driving Factors and Industry Size Forecast to 2029 Featuring Western Union Holdings, Inc., Euronet Worldwide Inc., PayPal (Xoom),
Digital Money Transfer and Remittance Market
Money transfer operators offer lower transfer costs than banks while delivering the same levels of reliability and security. The pace of money transactions under such a scenario is one of the significant benefits offered by money transfer operators.
Global Digital Money Transfer and Remittance Market 2021 debates the report moreover centers around global giant manufacturers of the Digital Money Transfer and Remittance with dynamic information like company profiles, market segmentation statistics, demanding situations and limitations, industry value, cost, sales, income, and much more information. This study provides key facts at the state of the industry and is a valuable supply of steerage and path for organizations and people inquisitive regards the market.
The significant number of migrant corporate workers and laborers across the U.S. and Canada is anticipated to provide a major share of the market pie to the region of North America.
The objective of the study is to outline market sizes of various segments and nations in previous years and to estimate the values for the next five years. The report is Intended to offers the most segmented consumption and sales data of diverse types of Digital Money Transfer and Remittance, downstream consumption fields, and competitive landscape in numerous regions and countries around the globe, this report studies the latest market data from the primary and secondary imposing sources.
The global digital money transfer and remittance market was valued at USD 241.7 billion in 2019 and is expected to grow at a 7.7% CAGR during the forecast period.
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Digital Money Transfer and Remittance Market, By Company
Western Union Holdings, Inc., Euronet Worldwide Inc., PayPal (Xoom), MoneyGram International, OrbitRemit, FlyRemit, Digital Wallet Corporation (Smiles), VayuPay, ControlBox Corp., Rootways Inc., and Cyrus
Moreover, continuous growth in the migration and preference to the U.S. by migrant laborers is anticipated to help North America to retain its position by the end of the forecast period.
Digital Money Transfer and Remittance Market Report Highlights:
• Comprehensive summary of parent market & supernumerary market
• Shifting market dynamics in the industry (like COVID & Economic Impact Analysis)
• In-depth market segmentation (Trends, Drivers, Restraints, Growth with Historical & Forecast Analysis)
• Recent industry updates and growth activity
• Competitive landscape (Emerging Vendors & Market Share Analysis for Major Players along with complete Profiles)
The report also offered market size (value and volume). Furthermore, the report also provides detailed information regards crucial aspects like drivers and restraining factors, which will describe the future growth of the Digital Money Transfer and Remittance market.
The Digital Money Transfer and Remittance Market Has Been Segmented as Below:
By Type: Domestic Remittance, International Remittance
By Application: Business Remittance, Personal Remittance, Public Services Remittance
By Sales Channel: Banks, Money Transfer Operators, Online Platforms, Others
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Market Study and Insights: Global Digital Money Transfer and Remittance Market
Since the worldwide COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the world with the WHO (World Health Organization) stating it a public health emergency. The global effects of the coronavirus disease 2019 (COVID-19) are already preliminary to be felt, and will expressively affect the Digital Money Transfer and Remittance market in 2021.
COVID-19 can disturb the global economy in three major ways: by directly affecting production and demand, by generating supply chain and market disruption, and by its financial influence on companies and financial markets.
The outbreak of COVID-19 has transported effects on various aspects such as flight cancellations; travel bans, and quarantines; restaurants closed; all indoor events constrained; over forty countries state of emergency declared; huge slowing of the supply chain; stock market instability; falling business confidence, rising panic among the population, and uncertainty regards future.
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Geographically, this report is segmented into various key regions, with industry sales, revenue, global market shares, and growth rate of Digital Money Transfer and Remittance in these regions, from 2017 to 2029, covering
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What does the Digital Money Transfer and Remittance Market Report Offer?
The market report provides qualitative and quantitative visions on the industry and an in-depth analysis of the size & growth rate for all segments impacting the market growth. Also, the report offers an insightful study of market dynamics, opportunities, evolving trends, and competitive landscape. The valuable insights obtainable are based on the latest trends, latest industry developments like mergers & acquisitions, partnerships, and others by adopting various research methodologies that will affect the development of the now and future market growth during the estimated period.
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