“Global Remittance Market” provides an in-depth analysis of the global remittance market, along with a study of top remittance receiving and contributing countries. The report also includes detailed description of regional markets. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as MoneyGram International Inc., Western Union Company and Euronet Worldwide Inc. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.
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The remittance industry contributes to the economic growth of the countries participating in the practice as well as to the livelihood of the individuals involved. The remittance system is comprised of the Remittance Service Providers (RSP), Remittance Corridors, the Remittance Network and the Money transfer system. Remittance Services are divided primarily on the basis of ways a network of access points is created and linked. There are broadly four categories: unilateral services, franchised services, negotiated services and open services.
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The key factors driving the growth of remittance market are increasing international migration, growing urbanization, accelerating economic growth and rising employment opportunities. A noteworthy trend of this industry is cost by sending and receiving method, unstable remittance cost, increased access to financial services, changing technology landscape for payments, more convenience and lesser costs, advancement in technology, and maturing of immigrant communities. However, the expansion of the market is hindered by de-risking is threatening the industry and access points establishment.
Company Coverage of Global Remittance Market: MoneyGram International Inc., Western Union Company and Euronet Worldwide Inc.
Few Points from List of Tables:
Remittance Market - An Overview:
1.2 Types of Remittance Services
1.3 Remittance Marketplace
1.4 Remittance Market Value Chain
Global Remittance Market Analysis:
Global Remittance Inflow
2.2 Global Average Remittance Cost by Region
2.3 Global Average Cost by Remittance Service Provider
Regional Market Analysis:
Remittance Market by Income Characteristics
3.1.1 Low and Middle Income Countries
3.2 Remittances Market by Region
3.2.1 East Asia and Pacific Region
3.2.2 Europe and Central Asia Region
3.2.3 Latin America and Caribbean Region
4.1.1 Increasing International Migration
4.1.2 Growing Urbanization
4.1.3 Accelerating Economic Growth
4.1.4 Rising Employment Opportunities
4.2 Market Trends
4.2.1 Cost by Sending and Receiving Method
5.1 Global Remittance Market Share by Company
6. Company Profiles
6.1 MoneyGram International, Inc.
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 The Western Union Company
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 Euronet Worldwide, Inc.
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
List of Charts
Basic Non-Account Based Model
Value Chain: Remittance Industry
Global Remittance Inflow (2015-2020)
Global Average Remittance Cost by Region (Q12014-Q42016)
Global Average Cost by Remittance Service Provider (Q12014-Q42016)
Remittance Flow to Low and Middle Income Countries (2015-2020)
Remittance Flow to East Asia and Pacific Region (2015-2020)
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