Digital Remittance Market Scope And Analysis

Report Code : TIPRE00013853
Category : Banking, Financial Services, and Insurance

No. of Pages : 150

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Digital Remittance Market Scope, Analysis, and Trends by 2031

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Digital Remittance Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 22.2 Billion
Market Size by 2031	US$ 76.9 Billion
Global CAGR (2023 - 2031)	16.8%
Historical Data	2021-2023
Forecast period	2023-2031
Segments Covered	By Type Inward Digital Remittance and Outward Digital Remittance By End User Business and Personal By Channel Banks Money Transfer Operators
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	The List of Companies Azimo Limited Digital Wallet Corporation InstaReM Pvt Ltd MoneyGram PayPal Holdings Inc Ria Financial Services Ltd TransferGo Ltd Western Union Holdings Inc

The "Digital Remittance Market Analysis" was carried out based on type, end user, channel, and geography. In terms of type, the market is segmented into inward digital remittance and outward digital remittance. Based on end user, the market is segmented into business and personal. Based on channel, the market is segmented into banks, money transfer operators, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Digital Remittance Market News and Recent Developments

Companies adopt inorganic and organic strategies such as mergers and acquisitions in the market. The digital remittance market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. A few recent key market developments are listed below:

In February 2024, TerraPay, a global leader in cross-border payments, announced a strategic partnership with Banco G&T Continental, a distinguished financial institution in Guatemala. This collaboration marks TerraPay’s first direct partnership in Central America. It is a significant advancement in the cross-border remittance sector, aimed at providing seamless and innovative solutions for Guatemalans abroad to send money to their families back home securely.

[Source: TerraPay Holdings Limited, Company Website]

Digital Remittance Market Report Coverage & Deliverables

The market report “Digital Remittance Market Size and Forecast (2021–2031)”, provides a detailed analysis of the market covering below areas-

Market size & forecast at global, regional, and country- level for all the key market segments covered under the scope.
Market dynamics such as drivers, restraints, and key opportunities.
Key future trends.
Detailed PEST & SWOT analysis
Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
Detailed company profiles.