This report focuses on the global Digital Remittance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Digital Remittance development in United States, Europe and China.
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.
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.
In 2017, the global Digital Remittance market size was 1540 million US$ and it is expected to reach 8590 million US$ by the end of 2025, with a CAGR of 24.0% during 2018-2025.
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– The key players covered in this study
Western Union (WU)
Ria Financial Services
Smiles/Digital Wallet Corporation
Avenues India Pvt Ltd
– Market segment by Type, the product can be split into
Banks Digital Remittance
Digital Money Transfer Operators
– Market segment by Application, split into
Migrant Labor Workforce
Study Abroad and Travel
– Market segment by Regions/Countries, this report covers
Central & South America
– The study objectives of this report are:
To analyze global Digital Remittance status, future forecast, growth opportunity, key market and key players.
To present the Digital Remittance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
– In this study, the years considered to estimate the market size of Digital Remittance are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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2.2.2 Digital Remittance Market Share by Regions (2013-2018)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
3 Market Share by Key Players
3.1 Digital Remittance Market Size by Manufacturers
3.1.1 Global Digital Remittance Revenue by Manufacturers (2013-2018)
3.1.2 Global Digital Remittance Revenue Market Share by Manufacturers (2013-2018)
3.1.3 Global Digital Remittance Market Concentration Ratio (CR5 and HHI)
3.2 Digital Remittance Key Players Head office and Area Served
3.3 Key Players Digital Remittance Product/Solution/Service
3.4 Date of Enter into Digital Remittance Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type and Application
4.1 Global Digital Remittance Market Size by Type (2013-2018)
4.2 Global Digital Remittance Market Size by Application (2013-2018)
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