Global Digital Remittance Market Size, Status and Forecast 2025


Posted July 10, 2018 by huyusn

This report studies the Digital Remittance market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries

 
Summary
The Global Digital Remittance Industry 2018 Market Research Report is a professional and in-depth study on the current state of the Digital Remittance industry.
Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Digital Remittance market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status.s
Secondly, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions (United States, EU, China and Japan), and other regions can be added.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What’s more, the Digital Remittance industry development trends and marketing channels are analyzed.
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.

This report studies the Digital Remittance market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions, and splits the Digital Remittance market by product and Application/end industries.

Digital remittances have the potential to engender positive development outcomes. The pure feebased cost savings that result from digital remittances could have a significant impact on immigrant workers, as well as families back home.

Beyond the pure fee costs, important time, reach, and security benefits accrue from digital remittances. The cost savings from digital remittances could be a meaningful boost to global GDP and have a noteworthy impact on poverty. In order for all of these positive developments to be realized, and enabling environment for digital remittances must be created.

Identity, connectivity, banking, and literacy solutions for all must be developed by the public and private sectors in collaboration. With the current refugee crisis, the time is ripe for digital remittances to provide enhanced economic opportunity for those that need it most.

In 2017, the global Digital Remittance Market Size was valued at 1536 million USD, and it will reach 8590 million USD in 2025, with a CAGR of 23.3% between 2018 and 2025.
According to the data from WorldBank, India is the largest country of Migrant remittance inflows, with 68968 million USD and percentage of 11.2% in the world. China, Philippines, Mexico, France, Nigeria, Pakistan, Germany, Vietnam and Bangladesh, also are top players which receive significant amounts of remittance volume.

Migrant labor workforce is the most important drivers to promote the global development. In future, the blockchain technology will exert far-reaching influence on the remittance market. Most of 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.

Currently, the global Digital Remittance market is dominated by several traditional global money transfer operators (MTOs) like Western Union (WU), Ria Financial Services and MoneyGram. But the fintech like start-ups Xoom, TransferWise, WorldRemit, Remitly and Azimo, have significant impact on the global Digital Remittance market.

The major players in global market include
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
WeChat Payment
Ant Financial/Alipay

Geographically, this report split global into several key Regions, with, revenue (million USD), market share and growth rate of Digital Remittance for these regions, from 2013 to 2025 (forecast)
United States
Europe
Middle East & Africa
China
India
Southeast Asia

On the basis of product, the Digital Remittance market is primarily split into
Banks Digital Remittance
Digital Money Transfer Operators

On the basis on the end users/Application, this report covers
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses


Click to view the full report: http://www.qyresearchglobal.com/goods-1077690.html

Table of Contents
Global Digital Remittance Market Size, Status and Forecast 2025
1 Industry Overview of Digital Remittance
2 Global Digital Remittance Competition Analysis by Players
3 Company (Top Players) Profiles
4 Global Digital Remittance Market Size by Type and Application (2013-2018)
5 United States Digital Remittance Development Status and Outlook
6 EU Digital Remittance Development Status and Outlook
7 Japan Digital Remittance Development Status and Outlook
8 China Digital Remittance Development Status and Outlook
9 India Digital Remittance Development Status and Outlook
10 Southeast Asia Digital Remittance Development Status and Outlook
11 Market Forecast by Regions, Type and Application (2018-2025)
12 Digital Remittance Market Dynamics
13 Market Effect Factors Analysis
14 Research Finding/Conclusion
15 Appendix


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Last Updated July 10, 2018