(EMAILWIRE.COM, February 28, 2019 ) 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.
Scope of the Report:
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.
The global Digital Remittance market is valued at 1540 million USD in 2018 and is expected to reach 5890 million USD by the end of 2024, growing at a CAGR of 25.1% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Digital Remittance.
This report studies the Digital Remittance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Digital Remittance market by product type and applications/end industries.
Market Segment by Companies, this report covers: 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
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Market Segment by Type, covers
Banks Digital Remittance
Digital Money Transfer Operators
Market Segment by Applications, can be divided into
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses
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Table of Content
1 Digital Remittance Market Overview
2 Manufacturers Profiles
2.1 Western Union (WU)
2.1.1 Business Overview
2.1.2 Digital Remittance Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Western Union (WU) Digital Remittance Revenue, Gross Margin and Market Share (2017-2018)
2.2 Ria Financial Services
2.2.1 Business Overview
2.2.2 Digital Remittance Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Ria Financial Services Digital Remittance Revenue, Gross Margin and Market Share (2017-2018)
2.3 PayPal/Xoom
2.3.1 Business Overview
2.3.2 Digital Remittance Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 PayPal/Xoom Digital Remittance Revenue, Gross Margin and Market Share (2017-2018)
3 Global Digital Remittance Market Competition, by Players
4 Global Digital Remittance Market Size by Regions
5 North America Digital Remittance Revenue by Countries
6 Europe Digital Remittance Revenue by Countries
8 South America Digital Remittance Revenue by Countries
9 Middle East and Africa Revenue Digital Remittance by Countries
10 Global Digital Remittance Market Segment by Type
11 Global Digital Remittance Market Segment by Application
12 Global Digital Remittance Market Size Forecast (2019-2024)
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