In Digital Cross-Border Remittance Market , we focus on the digital remittance as P2P money remittance that is sent via an online platform (mobile, desktop, tablet etc.), including both immediate transfers (less than 24 hours) and transfers that takes more than 24 hours. For example, Western Union (WU) is an important player of Digital Remittance. In Digital Cross-Border Remittance Market , the Western Union?s digital remittance revenue is only for online money transfer, though WU?s branded website, including through their mobile devices, PC and tablet etc.).
Digital Cross-Border Remittance Market contains market size and forecasts of Digital Cross-Border Remittance in Global, including the following market information:
- Global Digital Cross-Border Remittance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Digital Cross-Border Remittance market was valued at 6421.7 million in 2021 and is projected to reach US$ 18550 million by 2028, at a CAGR of 16.4% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Digital Money Transfer Operators Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Digital Cross-Border Remittance include Western Union (WU), Wise (TransferWise), Zepz (WorldRemit, Sendwave), Remitly, Ria Financial Services (Euronet), PayPal/Xoom, MoneyGram, Flywire and TransferGo, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Digital Cross-Border Remittance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Digital Cross-Border Remittance Market, By Provider, 2017-2022, 2023-2028 ($ millions)
Global Digital Cross-Border Remittance Market Segment Percentages, By Provider, 2021 (%)
- Digital Money Transfer Operators
- Bank Digital Remittance
Global Digital Cross-Border Remittance Market, By End User, 2017-2022, 2023-2028 ($ millions)
Global Digital Cross-Border Remittance Market Segment Percentages, By End User, 2021 (%)
- Personal Customers
- Micro and Small Businesses
Global Digital Cross-Border Remittance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Digital Cross-Border Remittance Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Digital Cross-Border Remittance revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Digital Cross-Border Remittance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Western Union (WU)
- Wise (TransferWise)
- Zepz (WorldRemit, Sendwave)
- Remitly
- Ria Financial Services (Euronet)
- PayPal/Xoom
- MoneyGram
- Flywire
- TransferGo
- OrbitRemit
- Intermex
- Azimo
- NIUM, Inc (Instarem)
- TNG FinTech
- Smiles/Digital Wallet Corporation
- Small World
- Coins.ph
- SingX
- FlyRemit
Industry Market Size
