Global Digital Remittance Market Research Report and Forecast 2021-2026
© 2019 IMARC All Rights Reserved
Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
About IMARC Group
Report Description
The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
Report Description and Highlights
Report Description
Global Digital Remittance Market Outlook 2026: The latest report by IMARC Group, titled “ Digital Remittance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021 -2026 ,” finds that the global digital remittance market exhibited strong growth during 2015-2020. Digital remittance refers to the electronic transfer of funds from foreign workers to their home countries. It is the cross-border money transfer that is made over the internet by the migrant population. Digital remittance includes fund transfers between residents, non-residents and earning transfers from short-term workers from other countries to their home countries. It is facilitated by cash-based operators through a retail network. However, it can also be undertaken by digital transfer networks like e-wallets and smartphone applications. As a result, digital remittance has gained traction due to the improving capabilities of the money transfer channels and their development as a significant business opportunity. Request for a free sample: https://www.imarcgroup.com/digital-remittance-market/requestsample
Report Description and Highlights
Report Description
Global Digital Remittance Market Trends: The market is primarily driven by the rapid growth in the banking, financial services and insurance (BFSI) industry. Moreover, the increasing adoption of digital and automated payment and money transfer solutions across the globe is further propelling the demand for digital remittance solutions. Nowadays, tech-savvy customers are also opting for digital remittance as it offers reduced transfer time, low cost, and transparent and convenient-to-use properties. Besides this, various financial institutions are utilizing digital remittances to expand their business network and provide a data-driven ecosystem to their customers. Furthermore, factors such as rapid urbanization and industrialization have resulted in the migration of people from rural and semi-rural areas to urban areas in search of employment and education, which, in turn, is creating a favorable market outlook.
Report Description and Highlights Report Description Market Summary: Breakup by Type: • Inward Digital Remittance • Outward Digital Remittance Breakup by Channel: • Bank Transfer • Money Transfer Operators • Online Platforms Breakup by End Use: • Migrant Labor Workforce • Individual • Small Businesses
Report Description and Highlights Report Description Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America Looking forward, IMARC Group expects the global digital remittance market to grow at a CAGR of around 12% during the next five years.
Report Description and Highlights Report Description Competitive Landscape With Key players: • Azimo Limited • Digital Wallet Corporation • Moneygram International Inc • NIUM Pte. Ltd • PayPal Holdings Inc • Remitly Inc • Ria Financial Services Ltd • Ripple Labs Inc • TransferGo Ltd • Western Union Holdings Inc • Wise (Earlier TransferWise Limited) • WorldRemit Ltd View Report TOC, Figures and Tables: https://www.imarcgroup.com/digital-remittance-market
A partial List of
We are the trusted business partners to the
Clients world's leading corporates, governments, and ourPartial ClientsList of institutions
A partial List of
We are the trusted business partners to the
of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions
Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
Contact Us
FOR MORE DETAILS Visit us at :
https://www.imarcgroup.com Stay With Us:
TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com