Press release
Digital Remittance Market: Steady Growth, Key Players, and Emerging Trends with Market Size Forecast for 2025-2029
Digital Remittance Market Size
What Is The Projected Market Size Of The Global Digital Remittance Market And Its Growth Rate?
The Digital Remittance Market has seen rapid growth in the recent years and is expected to grow at a steady pace in the coming years.
• 2024 Market Size: $25.11 billion
• 2025 Market Size: $28.95 billion (15.3% CAGR)
• 2029 Market Size: $51.57 billion (15.5% CAGR)
Factors contributing to the growth of this market include improvement of digital connectivity, emergence of fintech platforms, the rise in demand of convenient money transfers and the surge in the use of cryptocurrency for remittances.
What Is Driving The Growth In The Digital Remittance Market?
The substantial growth in the number of international transactions is propelling the growth of the digital remittance market. With the aid of banks and other online platforms such as international money transfer services or specific agents, international money transfers and transactions have become more efficient and accessible. This increased accessibility and efficiency have resulted in a growing number of transactions, hence driving the growth of the digital remittance market. For instance, World Bank predicts a 4.2% rise in international transactions for low- and middle-income countries (LMICs) to $630 billion in 2022.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=12517&type=smp
Who Are the Key Players Driving Digital Remittance Market Growth?
Major companies operating in the digital remittance market include:
• Remitly Inc.
• Citigroup Inc.
• American Express Company
• PayPal Holdings Inc.
• Mastercard Inc.
• Western Union Holdings Inc.
• MoneyGram International Inc.
• Ria Money Transfer
• Wise Payments Limited
• WorldRemit Corp.
• Flywire Payments Corporation
• OzForex Limited.
• Xoom Corporation.
• GoCardless Ltd.
• Nium Pte. Ltd.
• PaySend, OrbitRemit Limited
• Taptap Send.
• TransferGo Ltd.
• CurrencyFair, Currencycloud, Pangea Money Transfer, Azimo Ltd., Remitbee, InstaReM Pvt. Ltd., Digital Wallet Corporation, SingX Pte Ltd.
What Are The Key Trends In The Digital Remittance Market?
Key emerging trends in the Digital Remittance Market are:
• Technological advancements in payment systems.
• Integration of blockchain for secure and transparent transactions.
• Artificial intelligence in remittance services.
• Integration of biometric authentication in remittance services.
• Integration of machine learning.
What Are The Segments Of The Global Digital Remittance Market?
The digital remittance market is segmented into:
1) By Type: Inward Digital Remittance, Outward Digital Remittance.
2) By Channel: Banks, Money Transfer Operators, Online Platforms, Other Channels.
3) By End Use: Migrant Labor Workforce, Individual, Small Businesses, Other End Uses.
Which Region Leads The Digital Remittance Market?
North America was the largest region in the digital remittance market in 2024, while Asia-Pacific is projected to be the fastest-growing region in the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/digital-remittance-global-market-report
What Is Covered In The Digital Remittance Market Global Market Report?
Market Size Analysis: Analyze the Digital Remittance Market size by key regions, countries, product types, and applications.
Market Segmentation Analysis: Identify various subsegments within the Digital Remittance Market for effective categorization.
Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
Market Contribution: Evaluate contributions of different segments to the overall Digital Remittance Market growth.
Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
Industry Challenges: Analyze challenges and risks affecting the Digital Remittance Market.
Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/customise?id=12517&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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: Steady Growth, Key Players, and Emerging Trends with Market Size Forecast for 2025-2029 here
News-ID: 3834234 • Views: …
More Releases from The Business Research Company
Handguns Market Overview, Emerging Developments, and Key Player Analysis
An Overview of the Expanding Handguns Market
The global handguns market is set to experience significant growth in the coming years, driven by innovations and increasing demand across various user groups. This report offers insights into the market size, key drivers, prominent players, emerging trends, and segmentation, providing a comprehensive understanding of the industry's current landscape and future prospects.
Download a free sample of the handguns market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25341&type=smp
Projected Growth and Market Size…
Leading Companies Fueling Growth and Innovation in the Ground Handling Systems M …
The ground handling systems market is on track for notable expansion as the aviation sector increasingly embraces advanced technologies and sustainability initiatives. This growth reflects broader trends in airport infrastructure development, cargo logistics, and digital innovation, which are reshaping how ground operations are managed globally. Let's explore the market's growth expectations, leading players, emerging trends, and detailed segmentation.
Projected Market Growth and Size of the Ground Handling Systems Market
The ground…
Future Prospects: Key Trends Shaping the GEO Satellite Market Until 2030
The global GEO satellite market is positioned for meaningful growth over the coming years, driven by advancements in technology and increasing demand across various sectors. Understanding the market's size, key players, technological trends, and segmentation provides valuable insight into the evolving landscape and future opportunities of this industry.
Projected Market Growth and Size of the GEO Satellite Market by 2030
The GEO satellite market is anticipated to experience steady expansion, reaching…
Emerging Sub-Segments Transforming the Flying Taxis Market Landscape
The concept of flying taxis has moved from science fiction toward becoming a practical mode of transportation. With rapid technological advancements and increasing investments, this market is positioned for impressive growth as it aims to redefine urban mobility and reduce ground traffic congestion. Below is an overview of the flying taxis market, its growth drivers, key players, and emerging trends shaping the future of urban air travel.
Anticipated Growth of the…
More Releases for Digital
Digital luxury brands Market Is Booming Worldwide | Major Giants Balenciaga Digi …
HTF MI recently introduced Global Digital luxury brands Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Digital luxury brands Market are:
Balenciaga Digital, Louis Vuitton Digital, Gucci Digital, Dolce & Gabbana DGFamily, Prada Virtual,…
Introducing Digital Sales Pro, Inc: Revolutionizing Digital Sales in the Digital …
Digital Sales Pro, Inc. is a company that helps content creators and publishers make money from content and reach a larger audience with their craft.
In today's world, it can be tough for content creators and publishers to make money and connect with their audience.
At, Digital Sales Pro, Inc. we understand these challenges and have created a suite of solutions that help our clients build a strong online presence, monetize…
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
Introduction
The healthcare industry has seen significant growth and development over the years, with technology playing a critical role in transforming patient care. One such innovative technology that has emerged in recent years is the Global Digital Twin in Healthcare Market. This technology allows healthcare professionals to create a virtual replica of a patient's physical self, enabling them to monitor and analyze patient data in real-time. The Global Digital Twin in…
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
In 2021, the market for Digital Twin in Healthcare worldwide was worth $6.75 billion US dollars. AMR Group projects that the market will reach US$ 96.5 billion by 2031, growing at a CAGR of 40 percent between 2022 and 2031.
Industry Overview
Digital twins are virtual copies of physical objects or things that data scientist & IT professionals can use to compute simulations prior to developing and deploying the original devices. Digital…
Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.
North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant…
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect.
Get Sample Copy of this Report -…
