Digital Money Transfer Market

The global Digital Money Transfer market was valued at US$ 6825 million in 2022 and is projected to reach US$ 9835.8 million by 2029, at a CAGR of 5.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The digital remittance as P2P money remittance 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 Money Transfer 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 Money Transfer Market aims to provide a comprehensive presentation of the global market for Digital Money Transfer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Money Transfer. Digital Money Transfer Market contains market size and forecasts of Digital Money Transfer in global, including the following market information:

• Global Digital Money Transfer Market Revenue, 2018-2023, 2024-2032, ($ millions)
• Global top five companies in 2022 (%)

Global?key players of digital money transfer and remittance?include?Western Union, Ria Financial Services,?etc.?Global?top?3?companies?hold?a?share?over?40%.?North America?is?the?largest?market,?with?a?share?about?33%,?followed?by?Asia Pacific?and?Europe?with?the?share?about?32%?and?15%. In terms of product, digital money transfer operator is the largest segment, with a share over 80%. And in terms of application, the largest end user is personal customers, with a share about 80%.

We surveyed the Digital Money Transfer 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 Money Transfer Market, by Type, 2018-2023, 2024-2032 ($ millions)

Global Digital Money Transfer Market Segment Percentages, by Type, 2022 (%)

• Mobile Domestic Money Transfer
• Online Domestic Money Transfer
• Others

Global Digital Money Transfer Market, by Application, 2018-2023, 2024-2032 ($ millions)

Global Digital Money Transfer Market Segment Percentages, by Application, 2022 (%)

• Banking
• Finance
• Investment Institution
• Others

Global Digital Money Transfer Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)

Global Digital Money Transfer Market Segment Percentages, By Region and Country, 2022 (%)

• 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 Money Transfer revenues in global market, 2018-2023 (estimated), ($ millions)

Key companies Digital Money Transfer revenues share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Amdocs
• eServGlobal
• Huawei
• Infosys EdgeVerve
• Interac
• Mahindra Comviva
• Mastercard
• OBOPAY
• PayPal
• Telepin Software
• TransferTo
• Visa

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Digital Money Transfer, market overview.
• Chapter 2: Global Digital Money Transfer market size in revenue.
• Chapter 3: Detailed analysis of Digital Money Transfer company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Digital Money Transfer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: The main points and conclusions of the report.