Digital Remittance 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 Remittance Market , the Western Unions digital remittance revenue is only for online money transfer, though WUs branded website, including through their mobile devices, PC and tablet etc.).

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

• Global Digital Remittance Market Revenue, 2017-2022, 2023-2028, ($ millions)
• Global top five companies in 2021 (%)

The global Digital Remittance 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 Remittance 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.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Digital 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 Remittance Market, by Provider, 2017-2022, 2023-2028 ($ millions)

Global Digital Remittance Market Segment Percentages, by Provider, 2021 (%)

• Digital Money Transfer Operators
• Banks Digital Remittance

Global Digital Remittance Market, by End User, 2017-2022, 2023-2028 ($ millions)

Global Digital Remittance Market Segment Percentages, by End User, 2021 (%)

• Personal Customers
• Micro and Small Businesses

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

Global Digital 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 Remittance revenues in global market, 2017-2022 (estimated), ($ millions)
• Key companies Digital Remittance 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