Digital remittance refers to the transfer of funds between two countries or regions through certain settlement tools and payment systems. —
This report also covers the recent COVID-19 and its impact on Digital Remittance Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
Compared with traditional payment methods, digital remittance can create safe, convenient, and fast transactions. At present, with the economic globalization, the popularity of smartphones and the Internet and the improvement of financial remittance services are the factors driving digital remittances. In order to seek a better job opportunity or living environment, more and more international economic immigrants are shifting from developing economies to advanced economies, which has also promoted the development of the market.
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The Major Players Profiled in This Report Include:
Ria Financial Outward Remittance
SingX Pte Ltd.
The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
Money Transfer Operators
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Due to the increasing adoption of mobile-based applications and mobile banking launched by financial institutions and remittance operators, the remittance operator segment has the largest market share. The rapid development of cross-border e-commerce has also promoted the development of the online platform market. It is expected that the online platform will develop at a faster rate.
The Asia-Pacific region is expected to become the fastest-growing regional market over the forecast time. The Asia-Pacific region is an emerging economic development body. The economic development and the promotion of digital payment methods have promoted the development of the market in the region. The growing customer base accustomed to using mobile devices in the Asia-Pacific region has created growth opportunities for the market in the region.
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Digital Remittance Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Digital Remittance Market by Types
Chapter 4 Segmentation of Digital Remittance Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Digital Remittance Market in Major Countries
Chapter 7 North America Digital Remittance Landscape Analysis
Chapter 8 Europe Digital Remittance Landscape Analysis
Chapter 9 Asia Pacific Digital Remittance Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Digital Remittance Landscape Analysis
Chapter 11 Major Players Profile
11.1.1 InstaReM Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2.1 Flywire Profile and Recent Development
11.2.2 Market Performance
11.2.3 Product and Service Introduction
11.3 Western Union
11.3.1 Western Union Company Profile and Recent Development
11.3.2 Market Performance
11.3.3 Product and Service Introduction
Chapter 12 Data Source and Research Methodology
The List of Tables and Figures
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Key Questions Answered by This Report:
What is the size and CAGR of the Digital Remittance Market?
What are the key driving factors of the most profitable regional market?
Which are the leading companies in the global market?
How will the Digital Remittance Market advance in the coming years?
What are the main strategies adopted in the global market?
Which region may hit the highest market share in the coming era?
What trends, challenges, and barriers will impact the development and sizing of the Digital Remittance Market?
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