Money Remittance Services Market Next Big Thing | Major Giants- MoneyGram, Xoom, Remitly

Advance Market Analytics published a new research publication on "Money Remittance Services Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Money Remittance Services market was mainly driven by the increasing R&D spending across the world.

Some of the key players profiled in the study are:
Western Union Holdings, Inc. (United States), MoneyGram (United States), Bank of America (United States), Wells Fargo & Company (United States), TransferWise (United Kingdom), UAE Exchange (UAE), Ria Money Transfer (Euronet Worldwide) (United States), JPMorgan Chase & Co. (United States), Xoom (PayPal) (United States), Remitly, Inc. (United States).

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Scope of the Report of Money Remittance Services
Money remittance services refer to financial transactions that involve the transfer of funds from one individual or entity to another, typically across geographical locations. These services facilitate the quick and secure movement of money, allowing individuals to send funds to family members, friends, or businesses in different regions or countries. Money remittance providers offer various methods for transferring funds, including bank transfers, online platforms, mobile apps, and physical agent locations. Customers can choose the most convenient option based on factors such as speed, cost, and accessibility. Money remittance services play a crucial role in enabling financial inclusion and supporting economic activities by allowing individuals to access funds when needed and by facilitating international trade and commerce. Additionally, these services often provide features such as currency conversion, tracking of transfer status, and compliance with regulatory requirements to ensure the security and transparency of transactions.

The titled segments and sub-section of the market are illuminated below:
by Type (Inward Remittance, Outward Remittance), Application (Consumption, Saving & Investments, Others (Workers Remittance)), Channel (Banks, Money Transfer Operators, Others (FinTechs)), End User (Corporate/Businesses, Personal)

Market Drivers:
Growing Digitalization and Use of Internet and Mobile Phones
The surge in International Migrant Population and Safe, Fast & Reliable Services
Increase in Adoption of Banking & Financial Services

Market Trends:
Blockchain-Based Remittances for Fast Transfer Time and Relatively Low Transaction Costs

Opportunities:
Partnership with Multiple Wallets to Scale-up The Business across the Globe
Significant Increase in Reach of the Internet, Online and Mobile Phone

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Money Remittance Services Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Money Remittance Services market
Chapter 2: Exclusive Summary - the basic information of the Money Remittance Services Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Money Remittance Services
Chapter 4: Presenting the Money Remittance Services Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Money Remittance Services market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

finally, Money Remittance Services Market is a valuable source of guidance for individuals and companies.

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This release was published on openPR.