This report focuses on the global Digital Remittance status, future forecast, growth opportunity, a key market, and key players. The study objectives are to present Digital Remittance development in the United States, Europe, and China. This report studies the Digital Remittance market. Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.
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Migrant labor workforce is the most important drivers to promote global development. In the future, the blockchain technology will exert far-reaching influence on the remittance market. Most of the traditional bank, fintech, and other financial firms have researched and tested the blockchain technology used in remittance volume. In the same time, some companies like Ant Financial/Alipay, Coins.ph, Auxesis, Bitspark, Rebit and Cashaa, have introduced their products in remittance.
In 2017, the global Digital Remittance market size was 1540 million US$ and it is expected to reach 8590 million US$ by the end of 2025, with a CAGR of 24.0% during 2018–2025.
The key players covered in this study
- Western Union (WU)
- Ria Financial Services
- TNG Wallet
- Smiles/Digital Wallet Corporation
- Avenues India Pvt Ltd
- WeChat Payment
- Ant Financial/Alipay
Market segment by Type, the product can be split into
- Banks Digital Remittance
- Digital Money Transfer Operators
Market segment by Application, split into
- Migrant Labor Workforce
- Study Abroad and Travel
- Small Businesses
Market segment by Regions/Countries, this report covers
- United States
- Southeast Asia
- Central & South America
The study objectives of this report are:
- To analyze global Digital Remittance status, future forecast, growth opportunity, key market and key players.
- To present the Digital Remittance development in United States, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and strategies.
- To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Digital Remittance are as follows:
- History Year: 2013–2017
- Base Year: 2017
- Estimated Year: 2018
- Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Table of content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
2 Global Growth Trends
2.1 Digital Remittance Market Size
2.2 Digital Remittance Growth Trends by Regions
2.2.1 Digital Remittance Market Size by Regions (2013–2025)
3 Market Share by Key Players
3.1 Digital Remittance Market Size by Manufacturers
3.1.1 Global Digital Remittance Revenue by Manufacturers (2013–2018)
3.1.2 Global Digital Remittance Revenue Market Share by Manufacturers (2013–2018)
Key Que Answered in this report:
- What will the Digital Remittance Market?
- What are the key factors driving the Global Digital Remittance Market?
- What are the key market trends in the Digital Remittance Market?
- improve pasting the growth of the Digital Remittance Market?
- What are the challenges to the Digital Remittance Market?
- What are the market opportunities and threats faced by the vendors in the Global Digital Remittance Market?
- What are the key outcomes of the five forces analysis of the Digital Remittance Market?
What is our report offers:
Strategic suggestions and proposals for the beginners to understand
Assessments of the market share from different countries and regions were conducted
Top key market players, market share analysis included.
The market observations such as constraints, drivers, threats, opportunities, investment opportunities, challenges, and recommendations are added.
The competitive landscaping mappings of the ongoing trends are discussed.
Based on the market estimations, the strategic recommendations are made in the business segments
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