Egypt Remittance Market Outlook: Ken Research

Egypt has been one of the finest Arabian countries in terms of labour supply. This results into high international inbound remittance across the country. The domestic remittance transactions are high which is owing to growth in internal migration and growing urban population. The effective growth in nuclear families in the country has resulted into augmented the bill payment activities as number of subscribers for utilities, mobile telephone services and internet are on increment. Even though the international remittance market has slowed down since 2016, it is projected to recover as Middle Eastern economies invest to expand.

Visit @ https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/egypt-remittance-market/182340-93.html

According to the report analysis, 'Egypt Remittance Market Outlook to 2023 - By Inbound and Outbound Remittance, By Transfer Mode (Bank Transfer, Through Friends or Relatives, Through Agent or Courier, Carried Money on Their Visits, and Others), By Banking and Non-Banking Transfer, By Bill Payment Type (Mobile Services, Internet Services, Utilities, and Others), By Bill Payment Mode (Cash Payments, Card Payments, and Fund Transfers)' states that the competition within Egypt International Remittance market concentrated in nature with the existence of Western Union, RIA Money Transfer, and MoneyGram. Other companies that function in the space are OFX, XE Trade, Payoneer, and more, however they account for smaller share. in domestic remittance space Egypt Post registers the market which is followed by ITSC Egypt (that functions in collaboration with Egypt Post), whereas HSBC Egypt is the greatest private company that functions in domestic money transfer services in Egypt. The Bill Payment Market in Egypt is fragmented in nature with existence of companies such as Masary, Fawry, Bee, Sadad, Aman, and several others, in which Fawry and Masary combined registered for majority of the market share.

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=MTgyMzQw

The inbound remittance has been the leading source of transaction whereas outbound remittance registers for a marginal share; it is majorly owing to the high Egyptian migration in other countries for better job opportunities. Saudi Arabia, Kuwait, UAE, Jordan among others have been key inbound remittance flow corridors which are majorly owing to the substantial Egyptian migration to these countries, whereas resident from countries likewise Syrian Arab Republic, West Bank and Gaza, Lebanon, and other have been key countries accountable for outbound remittance from Egypt. in Egypt International Remittance Market, bank transfer that involves usage of cheques, drafts, direct deposits, and others accounts for a major share during 2018. However, about one-fourth of the population still rely on their friends and relatives to send or receive money. It is mainly owing to the absence of trust on banking channels and it is the least expensive approach for migrants to save the transaction fee and taxes.

Expected continual growth in Egyptian migrants in other countries, internal migration, and growing use of internet and mobile services is projected to sustain the growth of Egypt Remittance Market. However, policy changes across Saudi Arabia are predicted to negatively impact the international remittance market across Egypt. Most of the Egyptian workers in Saudi Arabia are either predicted to return to Egypt or move to other country in search of other improved employment opportunities.

Key Segments Covered

Egypt International Remittance Market

By Inbound and Outbound Remittance

By Major Flow Corridors

Inbound Flow Corridors
Outbound Flow Corridors
By Mode of Transfers

Bank Transfers
Through Friends or Relatives
Through Agent or Courier
Carried Money on Their Visits
Single Size
Custom Size
Egypt Domestic Remittance Market

By Channel of Transfer

By Major Flow Corridors

Banking Transactions
Non-Banking Transactions
By Major Flow Corridors

Bank Transfers
Egypt Bill Payments Market
By Type of Bill Payments

Visit @ https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/egypt-remittance-market/182340-93.html

Mobile Services
Internet Services
Utilities
By Mode of Bill Payments

Cash Payments
Card Payments
Fund Transfers
Key Target Audience

Money Transfer Organization
Bill Payment Companies
Banks
Time Period Captured in the Report:

Historical Period - 2013-2018
Forecast Period - 2019-2023
Companies Covered:

Western Union
RIA Money Transfer
MoneyGram
Egypt Post
ITSC Egypt
HSBC Egypt
Fawry
Masary
Bee: Smart Payment Solutions
Key Topics Covered in the Report

Executive Summary
Research Methodology
Egypt Remittance Market - Overview and Genesis
Egypt International Remittance Market
Egypt Domestic Remittance Market
Egypt Bill Payment Market
Egypt Remittance Market Consumer Profile
Value Chain Analysis of Egypt Remittance Market
Government Regulations in Egypt Remittance Market
Issues and Challenges in Egypt Remittance Market
Trends and Growth Drivers
Competitive Landscape and Company Profiles in Egypt Remittance Market
Future Outlook and Projections of Egypt Remittance Market
Analyst Recommendations
For More Information, refer to below link:-

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/egypt-remittance-market/182340-93.html

Related Reports

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/international-remittance-industry-in-qatar-outlook-to-2025/484732-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/international-remittance-industry-in-saudi-arabia-outlook-to-2025/484733-93.html

Follow Us

LinkedIn- https://www.linkedin.com/company/ken-research/
Facebook- https://www.facebook.com/kenresearch
Twitter-https://twitter.com/KenResearch
YouTube-https://www.youtube.com/c/KenResearchKen

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
support@kenresearch.com
+91-9015378249

Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

This release was published on openPR.