Digital Remittance Market Size, Share, Trends & Analysis By Type, Regional Outlook, Industry Insights, Key Players, Applications And Forecast To 2028

  • Category:Software & Hardware
  • Published on:Jul 2020
  • Pages:131
  • Formats:
  • Report Code:30175

Report Summary

Eternity Insights has published a new study on Global Digital Remittance Market focusing on key segments as by Type (Banks Digital Remittance,Digital Money Transfer Operators, Other), by Application (Migrant Labor Workforce,Study Abroad and Travel,Small Businesses,Others), and by region. This deep dive re-search report highlights the market and competitive intelligence across the key segments of the mar-ket. The report also considers the impact of COVID-19 on the global Digital Remittance Market.

The report considers 2018-2020 as historic period, 2021 as base year, and 2022-2028 as forecast period. The report includes quantitative analysis of the market supported by the market drivers, challenges, and trends to accurately map the market scenario and competition. Moreover, key insights related to market having direct impact on the market will also be covered.

Digital Remittance Market report is based on robust research methodology designed using blend of research ap-proaches developed using secondary/desk research and validated through the primary research and expert insights. Eternity Insights also uses paid data bases such as FACIVA, Hoovers, and other bench-marking and forecasting tools to provide accurate statistical analysis of supply and demand trends.

Global Digital Remittance Market Size, 2018-2028 (USD Million)

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Global Digital Remittance Market Segmentation:

Digital Remittance Market, By Type

  • Banks Digital Remittance
  • Digital Money Transfer Operators
  • Other

Digital Remittance Market, By Application

  • Migrant Labor Workforce
  • Study Abroad and Travel
  • Small Businesses
  • Others

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Geographically, the market is categorized in to five regions as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America region dominates the global Digital Remittance market in terms of demand generation. The Digital Remittance market in Asia Pacific region is expected to grow at significantly high growth rate. The regional market is further sub-segmented and analyzed at granular level across key countries. The report will include market size and forecast for Digital Remittance market for below listed coun-tries across each region.

North America (U.S. and Canada), Europe (Germany, France, Italy, UK, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific region); Latin America (Brazil, Mexico, and rest of the Latin America); Middle East and Africa (GCC, South Africa, and Rest of the Middle East and Africa).

Global Digital Remittance Market Taxonomy:

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Global Digital Remittance Market Competitive Landscape

The global Digital Remittance market analysis report covers detailed analysis of competitive scenario across globe. The report includes profiles of leading players covering below details

  • Company Overview
  • Financial Analysis
  • Product Portfolio Analysis
  • Strategic Overview
  • SWOT Analysis

List of Companies Profiled in the report:

  • Western Union (WU)
  • Ria Financial Services
  • PayPal/Xoom
  • TransferWise
  • WorldRemit
  • MoneyGram
  • Remitly
  • Azimo
  • TransferGo
  • InstaReM
  • TNG Wallet
  • Coins.ph
  • Toast
  • OrbitRemit
  • Smiles/Digital Wallet Corporation
  • Avenues India Pvt Ltd
  • FlyRemit
  • Other Players of Specific Interest can be added based on requirement

Market Segmentation

Report Attributes Details
The market size value in 2021 USD XX.XX Million
CAGR (2021 - 2028) XX.XX %
The Revenue forecast in 2028 USD XX.XX Million
Base year for estimation 2021
Historical data 2018-2019
Forecast period 2022-2028
Quantitative units
  • Revenue in USD Million
  • CAGR from 2021 to 2028
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered By Type Outlook, Application Outlook, Regional Outlook
By Type Outlook Banks Digital Remittance,Digital Money Transfer Operators, Other
By Application Outlook Migrant Labor Workforce,Study Abroad and Travel,Small Businesses,Others
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country scope U.S., Canada, U.K., Germany, France, BENELUX, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, Turkey
Key companies profiled Western Union (WU),Ria Financial Services,PayPal/Xoom,TransferWise,WorldRemit,MoneyGram,Remitly,Azimo,TransferGo,InstaReM,TNG Wallet,Coins.ph,Toast,OrbitRemit,Smiles/Digital Wallet Corporation,Avenues India Pvt Ltd,FlyRemit
Customization Available Yes, the report can be tailored to meet your specific requirements.

Key Benefits to the stake holders

  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) and volume (Tons) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come

Table Of Contents

Table of Contents

Global Digital Remittance Market Report 2020, Forecast to 2027

1 Scope of the Study
1.1 Digital Remittance Introduction
1.2 Research Programs
1.3 Analysis of Macroeconomic Indicators
1.4 Years Considered
1.5 Methodology
1.6 Data Source
1.7 Research Objectives

2 Digital Remittance Industry Overview
2.1 Global Digital Remittance Market Size (Million USD) Comparison by Regions (2020-2027)
2.1.1 Digital Remittance Global Main Region Market Analysis
2.2 Market Analysis by Type
2.2.1 Banks Digital Remittance
2.2.2 Digital Money Transfer Operators


2.3.2 Study Abroad and Travel
2.3.3 Small Businesses
2.3.4 Others


2.4.2 Global Digital Remittance Revenue and Market Share by Manufacturer (2018-2020)
2.4.3 Global Digital Remittance Industry Concentration Ratio (CR5 and HHI)
2.4.4 Top 5 Digital Remittance Manufacturer Market Share
2.4.5 Top 10 Digital Remittance Manufacturer Market Share
2.4.6 Date of Key Manufacturers Enter into Digital Remittance Market
2.4.7 Key Manufacturers Digital Remittance Product Offered
2.4.8 Mergers & Acquisitions Planning
2.5 Digital Remittance Historical Development Overview
2.6 Market Dynamics
2.6.1 Market Opportunities
2.6.2 Market Risk
2.6.3 Market Driving Force
2.6.4 Porter's Five Forces Analysis

3 Related Market Analysis
3.1 Related Market Overview
3.2 Macro Analysis of Upstream Markets
3.3 Key Players in Related Markets
3.4 Related Markets Trend Analysis

4 Global Digital Remittance Market Size Categorized by Regions
4.1 Global Digital Remittance Revenue and Market Share by Regions
4.1.1 Global Digital Remittance Sales and Market Share by Regions (2015-2020)
4.1.2 Global Digital Remittance Revenue and Market Share by Regions (2015-2020)
4.2 Europe Digital Remittance Revenue and Growth Rate (2015-2020)
4.3 APAC Digital Remittance Revenue and Growth Rate (2015-2020)
4.4 North America Digital Remittance Revenue and Growth Rate (2015-2020)
4.5 South America Digital Remittance Revenue and Growth Rate (2015-2020)
4.6 Middle East & Africa Digital Remittance Revenue and Growth Rate (2015-2020)

5 Europe Digital Remittance Market Size Categorized by Countries
5.1 Europe Digital Remittance Revenue and Market Share by Countries
5.1.1 Europe Digital Remittance Revenue by Countries (2015-2020)
5.1.2 Germany Digital Remittance Revenue and Growth Rate (2015-2020)
5.1.3 UK Digital Remittance Revenue and Growth Rate (2015-2020)
5.1.4 France Digital Remittance Revenue and Growth Rate (2015-2020)
5.1.5 Russia Digital Remittance Revenue and Growth Rate (2015-2020)
5.1.6 Italy Digital Remittance Revenue and Growth Rate (2015-2020)
5.1.7 Spain Digital Remittance Revenue and Growth Rate (2015-2020)
5.2 Europe Digital Remittance Revenue (Value) by Manufacturers (2018-2020)
5.3 Europe Digital Remittance Revenue and Market Share by Type (2015-2020)
5.4 Europe Digital Remittance Revenue and Market Share by Application (2015-2020)

6 Asia-Pacific Digital Remittance Market Size Categorized by Countries
6.1 Asia-Pacific Digital Remittance Revenue and Market Share by Countries
6.1.1 Asia-Pacific Digital Remittance Revenue by Countries (2015-2020)
6.1.2 China Digital Remittance Revenue and Growth Rate (2015-2020)
6.1.3 Japan Digital Remittance Revenue and Growth Rate (2015-2020)
6.1.4 Korea Digital Remittance Revenue and Growth Rate (2015-2020)
6.1.5 India Digital Remittance Revenue and Growth Rate (2015-2020)
6.1.6 Southeast Asia Digital Remittance Revenue and Growth Rate (2015-2020)
6.1.7 Australia Digital Remittance Revenue and Growth Rate (2015-2020)
6.2 Asia-Pacific Digital Remittance Revenue (Value) by Players (2018-2020)
6.3 Asia-Pacific Digital Remittance Revenue and Market Share by Type (2015-2020)
6.4 Asia-Pacific Digital Remittance Revenue and Market Share by Application (2015-2020)

7 North America Digital Remittance Market Size Categorized by Countries
7.1 North America Digital Remittance Revenue and Market Share by Countries
7.1.1 North America Digital Remittance Revenue by Countries (2015-2020)
7.1.2 United States Digital Remittance Revenue and Growth Rate (2015-2020)
7.1.3 Canada Digital Remittance Revenue and Growth Rate (2015-2020)
7.1.4 Mexico Digital Remittance Revenue and Growth Rate (2015-2020)
7.2 North America Digital Remittance Revenue (Value) by Players (2018-2020)
7.3 North America Digital Remittance Revenue and Market Share by Type (2015-2020)
7.4 North America Digital Remittance Revenue and Market Share by Application (2015-2020)

8 South America Digital Remittance Market Size Categorized by Countries
8.1 South America Digital Remittance Revenue and Market Share by Countries
8.1.1 South America Digital Remittance Revenue by Countries (2015-2020)
8.1.2 Brazil Digital Remittance Revenue and Growth Rate (2015-2020)
8.2 South America Digital Remittance Revenue (Value) by Players (2018-2020)
8.3 South America Digital Remittance Revenue and Market Share by Type (2015-2020)
8.4 South America Digital Remittance Revenue and Market Share by Application (2015-2020)

9 Middle East and Africa Digital Remittance Market Size Categorized by Countries
9.1 Middle East and Africa Digital Remittance Revenue and Market Share by Countries
9.1.1 Middle East and Africa Digital Remittance Revenue by Countries (2015-2020)
9.1.2 GCC Countries Digital Remittance Revenue and Growth Rate (2015-2020)
9.1.3 Turkey Digital Remittance Revenue and Growth Rate (2015-2020)
9.1.4 Egypt Digital Remittance Revenue and Growth Rate (2015-2020)
9.1.5 South Africa Digital Remittance Revenue and Growth Rate (2015-2020)
9.2 Middle East and Africa Digital Remittance Revenue (Value) by Players (2018-2020)
9.3 Middle East and Africa Digital Remittance Revenue and Market Share by Type (2015-2020)
9.4 Middle East and Africa Digital Remittance Revenue and Market Share by Application (2015-2020)

10 Global Digital Remittance Market Segment by Type
10.1 Global Digital Remittance Revenue and Market Share by Type (2015-2020)
10.2 Global Digital Remittance Market Forecast by Type (2020-2027)
10.3 Banks Digital Remittance Revenue Growth Rate
10.4 Digital Money Transfer Operators Revenue Growth Rate


11.1 Global Digital Remittance Revenue Market Share by Application (2015-2020)
11.2 Global Digital Remittance Market Forecast by Application (2020-2027)
11.3 Migrant Labor Workforce Revenue Growth Rate (2015-2027)
11.4 Study Abroad and Travel Revenue Growth Rate (2015-2027)
11.5 Small Businesses Revenue Growth Rate (2015-2027)
11.6 Others Revenue Growth Rate (2015-2027)


12.1 Global Digital Remittance Market Size Forecast (2020-2027)
12.2 Digital Remittance Market Forecast by Regions (2020-2027)
12.3 Europe Digital Remittance Revenue Market Forecast (2020-2027)
12.4 APAC Digital Remittance Revenue Market Forecast (2020-2027)
12.5 North America Digital Remittance Revenue Market Forecast (2020-2027)
12.6 South America Digital Remittance Revenue Market Forecast (2020-2027)
12.7 Middle East & Africa Digital Remittance Revenue Market Forecast (2020-2027)

13 Analysis of Digital Remittance Industry Key Vendors
13.1 Western Union (WU)
13.1.1 Company Details
13.1.2 Product Information
13.1.3 Western Union (WU) Digital Remittance Revenue and Gross Margin (2018-2020)
13.1.4 Main Business Overview
13.1.5 Western Union (WU) News
13.2 Ria Financial Services
13.2.1 Company Details
13.2.2 Product Information
13.2.3 Ria Financial Services Digital Remittance Revenue and Gross Margin (2018-2020)
13.2.4 Main Business Overview
13.2.5 Ria Financial Services News
13.3 PayPal/Xoom
13.3.1 Company Details
13.3.2 Product Information
13.3.3 PayPal/Xoom Digital Remittance Revenue and Gross Margin (2018-2020)
13.3.4 Main Business Overview
13.3.5 PayPal/Xoom News
13.4 TransferWise
13.4.1 Company Details
13.4.2 Product Information
13.4.3 TransferWise Digital Remittance Revenue and Gross Margin (2018-2020)
13.4.4 Main Business Overview
13.4.5 TransferWise News
13.5 WorldRemit
13.5.1 Company Details
13.5.2 Product Information
13.5.3 WorldRemit Digital Remittance Revenue and Gross Margin (2018-2020)
13.5.4 Main Business Overview
13.5.5 WorldRemit News
13.6 MoneyGram
13.6.1 Company Details
13.6.2 Product Information
13.6.3 MoneyGram Digital Remittance Revenue and Gross Margin (2018-2020)
13.6.4 Main Business Overview
13.6.5 MoneyGram News
13.7 Remitly
13.7.1 Company Details
13.7.2 Product Information
13.7.3 Remitly Digital Remittance Revenue and Gross Margin (2018-2020)
13.7.4 Main Business Overview
13.7.5 Remitly News
13.8 Azimo
13.8.1 Company Details
13.8.2 Product Information
13.8.3 Azimo Digital Remittance Revenue and Gross Margin (2018-2020)
13.8.4 Main Business Overview
13.8.5 Azimo News
13.9 TransferGo
13.9.1 Company Details
13.9.2 Product Information
13.9.3 TransferGo Digital Remittance Revenue and Gross Margin (2018-2020)
13.9.4 Main Business Overview
13.9.5 TransferGo News
13.10 InstaReM
13.10.1 Company Details
13.10.2 Product Information
13.10.3 InstaReM Digital Remittance Revenue and Gross Margin (2018-2020)
13.10.4 Main Business Overview
13.10.5 InstaReM News
13.11 TNG Wallet
13.11.1 Company Details
13.11.2 Product Information
13.11.3 TNG Wallet Digital Remittance Revenue and Gross Margin (2018-2020)
13.11.4 Main Business Overview
13.11.5 TNG Wallet News
13.12 Coins.ph
13.12.1 Company Details
13.12.2 Product Information
13.12.3 Coins.ph Digital Remittance Revenue and Gross Margin (2018-2020)
13.12.4 Main Business Overview
13.12.5 Coins.ph News
13.13 Toast
13.13.1 Company Details
13.13.2 Product Information
13.13.3 Toast Digital Remittance Revenue and Gross Margin (2018-2020)
13.13.4 Main Business Overview
13.13.5 Toast News
13.14 OrbitRemit
13.14.1 Company Details
13.14.2 Product Information
13.14.3 OrbitRemit Digital Remittance Revenue and Gross Margin (2018-2020)
13.14.4 Main Business Overview
13.14.5 OrbitRemit News
13.15 Smiles/Digital Wallet Corporation
13.15.1 Company Details
13.15.2 Product Information
13.15.3 Smiles/Digital Wallet Corporation Digital Remittance Revenue and Gross Margin (2018-2020)
13.15.4 Main Business Overview
13.15.5 Smiles/Digital Wallet Corporation News
13.16 Avenues India Pvt Ltd
13.16.1 Company Details
13.16.2 Product Information
13.16.3 Avenues India Pvt Ltd Digital Remittance Revenue and Gross Margin (2018-2020)
13.16.4 Main Business Overview
13.16.5 Avenues India Pvt Ltd News
13.17 FlyRemit
13.17.1 Company Details
13.17.2 Product Information
13.17.3 FlyRemit Digital Remittance Revenue and Gross Margin (2018-2020)
13.17.4 Main Business Overview
13.17.5 FlyRemit News



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