Digital Money Transfer and Remittances Market

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 and Remittances 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 and Remittances Market contains market size and forecasts of Digital Money Transfer and Remittances in Global, including the following market information:

Global Digital Money Transfer and Remittances Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Digital Money Transfer and Remittances market was valued at 6516.3 million in 2021 and is projected to reach US$ 19150 million by 2028, at a CAGR of 16.7% during the forecast period.

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 Money Transfer and Remittances include Western Union (WU), Ria Financial Services (Euronet), PayPal/Xoom, Wise, Zepz (WorldRemit, Sendwave), MoneyGram, Remitly, Azimo and TransferGo, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Digital Money Transfer and Remittances 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 and Remittances Market, by Provider, 2017-2022, 2023-2028 ($ millions)

Global Digital Money Transfer and Remittances Market Segment Percentages, by Provider, 2021 (%)

Digital Money Transfer Operators

Banks Digital Remittance

Global Digital Money Transfer and Remittances Market, by End User, 2017-2022, 2023-2028 ($ millions)

Global Digital Money Transfer and Remittances Market Segment Percentages, by End User, 2021 (%)

Personal Customers

Micro and Small Businesses

Global Digital Money Transfer and Remittances Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Digital Money Transfer and Remittances 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 Money Transfer and Remittances revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Digital Money Transfer and Remittances revenues share in global market, 2021 (%)

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

Western Union (WU)

Ria Financial Services (Euronet)

PayPal/Xoom

Wise

Zepz (WorldRemit, Sendwave)

MoneyGram

Remitly

Azimo

TransferGo

NIUM, Inc (Instarem)

TNG FinTech

Coins.ph

OrbitRemit

Smiles/Digital Wallet Corporation

FlyRemit

SingX

Flywire

Intermex

Small World