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Digital Remittance Market

Global Digital Remittance Market Size, Status and Forecast 2019-2025

  • Published Date : 27 Mar 2019
  • QY Research
  • Category : ICT Media
  • Pages : 108

Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.
Beyond the pure fee costs, important time, reach, and security benefits accrue from digital remittances. The cost savings from digital remittances could be a meaningful boost to global GDP and have a noteworthy impact on poverty. In order for all of these positive developments to be realized, and enabling environment for digital remittances must be created.
Identity, connectivity, banking, and literacy solutions for all must be developed by the public and private sectors in collaboration. With the current refugee crisis, the time is ripe for digital remittances to provide enhanced economic opportunity for those that need it most.
In the foreseeable future, Digital Remittance will show an optimistic upward trend. Although Digital Remittance bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage and financial support, do not enter the Digital Remittance field hastily. 
In 2018, the global Digital Remittance market size was 1990 million US$ and it is expected to reach 8830 million US$ by the end of 2025, with a CAGR of 23.8% during 2019-2025.

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.

The key players covered in this study
    Western Union (WU)
    Ria Financial Services
    PayPal/Xoom
    TransferWise
    WorldRemit
    MoneyGram
    Remitly
    Azimo
    TransferGo
    InstaReM
    TNG Wallet
    Coins.ph
    Toast
    OrbitRemit
    Smiles/Digital Wallet Corporation
    Avenues India Pvt Ltd
    FlyRemit

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
    Small Businesses
    Others

Market segment by Regions/Countries, this report covers
    United States
    Europe
    China
    Japan
    Southeast Asia
    India
    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: 2014-2018
    Base Year: 2018
    Estimated Year: 2019
    Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.	
Table of Contents

1 Report Overview
    1.1 Study Scope
    1.2 Key Market Segments
    1.3 Players Covered
    1.4 Market Analysis by Type
        1.4.1 Global Digital Remittance Market Size Growth Rate by Type (2014-2025)
        1.4.2 Banks Digital Remittance
        1.4.3 Digital Money Transfer Operators
    1.5 Market by Application
        1.5.1 Global Digital Remittance Market Share by Application (2014-2025)
        1.5.2 Migrant Labor Workforce
        1.5.3 Study Abroad and Travel
        1.5.4 Small Businesses
        1.5.5 Others
    1.6 Study Objectives
    1.7 Years Considered

2 Global Growth Trends
    2.1 Digital Remittance Market Size
    2.2 Digital Remittance Growth Trends by Regions
        2.2.1 Digital Remittance Market Size by Regions (2014-2025)
        2.2.2 Digital Remittance Market Share by Regions (2014-2019)
    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 (2014-2019)
        3.1.2 Global Digital Remittance Revenue Market Share by Manufacturers (2014-2019)
        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 (2014-2019)
    4.2 Global Digital Remittance Market Size by Application (2014-2019)

5 United States
    5.1 United States Digital Remittance Market Size (2014-2019)
    5.2 Digital Remittance Key Players in United States
    5.3 United States Digital Remittance Market Size by Type
    5.4 United States Digital Remittance Market Size by Application

6 Europe
    6.1 Europe Digital Remittance Market Size (2014-2019)
    6.2 Digital Remittance Key Players in Europe
    6.3 Europe Digital Remittance Market Size by Type
    6.4 Europe Digital Remittance Market Size by Application

7 China
    7.1 China Digital Remittance Market Size (2014-2019)
    7.2 Digital Remittance Key Players in China
    7.3 China Digital Remittance Market Size by Type
    7.4 China Digital Remittance Market Size by Application

8 Japan
    8.1 Japan Digital Remittance Market Size (2014-2019)
    8.2 Digital Remittance Key Players in Japan
    8.3 Japan Digital Remittance Market Size by Type
    8.4 Japan Digital Remittance Market Size by Application

9 Southeast Asia
    9.1 Southeast Asia Digital Remittance Market Size (2014-2019)
    9.2 Digital Remittance Key Players in Southeast Asia
    9.3 Southeast Asia Digital Remittance Market Size by Type
    9.4 Southeast Asia Digital Remittance Market Size by Application

10 India
    10.1 India Digital Remittance Market Size (2014-2019)
    10.2 Digital Remittance Key Players in India
    10.3 India Digital Remittance Market Size by Type
    10.4 India Digital Remittance Market Size by Application

11 Central & South America
    11.1 Central & South America Digital Remittance Market Size (2014-2019)
    11.2 Digital Remittance Key Players in Central & South America
    11.3 Central & South America Digital Remittance Market Size by Type
    11.4 Central & South America Digital Remittance Market Size by Application

12 International Players Profiles
    12.1 Western Union (WU)
        12.1.1 Western Union (WU) Company Details
        12.1.2 Company Description and Business Overview
        12.1.3 Digital Remittance Introduction
        12.1.4 Western Union (WU) Revenue in Digital Remittance Business (2014-2019)
        12.1.5 Western Union (WU) Recent Development
    12.2 Ria Financial Services
        12.2.1 Ria Financial Services Company Details
        12.2.2 Company Description and Business Overview
        12.2.3 Digital Remittance Introduction
        12.2.4 Ria Financial Services Revenue in Digital Remittance Business (2014-2019)
        12.2.5 Ria Financial Services Recent Development
    12.3 PayPal/Xoom
        12.3.1 PayPal/Xoom Company Details
        12.3.2 Company Description and Business Overview
        12.3.3 Digital Remittance Introduction
        12.3.4 PayPal/Xoom Revenue in Digital Remittance Business (2014-2019)
        12.3.5 PayPal/Xoom Recent Development
    12.4 TransferWise
        12.4.1 TransferWise Company Details
        12.4.2 Company Description and Business Overview
        12.4.3 Digital Remittance Introduction
        12.4.4 TransferWise Revenue in Digital Remittance Business (2014-2019)
        12.4.5 TransferWise Recent Development
    12.5 WorldRemit
        12.5.1 WorldRemit Company Details
        12.5.2 Company Description and Business Overview
        12.5.3 Digital Remittance Introduction
        12.5.4 WorldRemit Revenue in Digital Remittance Business (2014-2019)
        12.5.5 WorldRemit Recent Development
    12.6 MoneyGram
        12.6.1 MoneyGram Company Details
        12.6.2 Company Description and Business Overview
        12.6.3 Digital Remittance Introduction
        12.6.4 MoneyGram Revenue in Digital Remittance Business (2014-2019)
        12.6.5 MoneyGram Recent Development
    12.7 Remitly
        12.7.1 Remitly Company Details
        12.7.2 Company Description and Business Overview
        12.7.3 Digital Remittance Introduction
        12.7.4 Remitly Revenue in Digital Remittance Business (2014-2019)
        12.7.5 Remitly Recent Development
    12.8 Azimo
        12.8.1 Azimo Company Details
        12.8.2 Company Description and Business Overview
        12.8.3 Digital Remittance Introduction
        12.8.4 Azimo Revenue in Digital Remittance Business (2014-2019)
        12.8.5 Azimo Recent Development
    12.9 TransferGo
        12.9.1 TransferGo Company Details
        12.9.2 Company Description and Business Overview
        12.9.3 Digital Remittance Introduction
        12.9.4 TransferGo Revenue in Digital Remittance Business (2014-2019)
        12.9.5 TransferGo Recent Development
    12.10 InstaReM
        12.10.1 InstaReM Company Details
        12.10.2 Company Description and Business Overview
        12.10.3 Digital Remittance Introduction
        12.10.4 InstaReM Revenue in Digital Remittance Business (2014-2019)
        12.10.5 InstaReM Recent Development
    12.11 TNG Wallet
    12.12 Coins.ph
    12.13 Toast
    12.14 OrbitRemit
    12.15 Smiles/Digital Wallet Corporation
    12.16 Avenues India Pvt Ltd
    12.17 FlyRemit

13 Market Forecast 2019-2025
    13.1 Market Size Forecast by Regions
    13.2 United States
    13.3 Europe
    13.4 China
    13.5 Japan
    13.6 Southeast Asia
    13.7 India
    13.8 Central & South America
    13.9 Market Size Forecast by Product (2019-2025)
    13.10 Market Size Forecast by Application (2019-2025)

14 Analyst's Viewpoints/Conclusions

15 Appendix
    15.1 Research Methodology
        15.1.1 Methodology/Research Approach
            15.1.1.1 Research Programs/Design
            15.1.1.2 Market Size Estimation
            12.1.1.3 Market Breakdown and Data Triangulation
        15.1.2 Data Source
            15.1.2.1 Secondary Sources
            15.1.2.2 Primary Sources
    15.2 Disclaimer
    15.3 Author Details

	List of Tables and Figures

    Table Digital Remittance Key Market Segments
    Table Key Players Digital Remittance Covered
    Table Global Digital Remittance Market Size Growth Rate by Type 2014-2025 (Million US$)
    Figure Global Digital Remittance Market Size Market Share by Type 2014-2025
    Figure Banks Digital Remittance Figures
    Table Key Players of Banks Digital Remittance
    Figure Digital Money Transfer Operators Figures
    Table Key Players of Digital Money Transfer Operators
    Table Global Digital Remittance Market Size Growth by Application 2014-2025 (Million US$)
    Figure Migrant Labor Workforce Case Studies
    Figure Study Abroad and Travel Case Studies
    Figure Small Businesses Case Studies
    Figure Others Case Studies
    Figure Digital Remittance Report Years Considered
    Table Global Digital Remittance Market Size 2014-2025 (Million US$)
    Figure Global Digital Remittance Market Size and Growth Rate 2014-2025 (Million US$)
    Table Global Digital Remittance Market Size by Regions 2014-2025 (Million US$)
    Table Global Digital Remittance Market Size by Regions 2014-2019 (Million US$)
    Table Global Digital Remittance Market Share by Regions 2014-2019
    Figure Global Digital Remittance Market Share by Regions 2014-2019
    Figure Global Digital Remittance Market Share by Regions 2019
    Table Market Top Trends
    Table Global Digital Remittance Revenue by Manufacturers (2014-2019) (Million US$)
    Table Global Digital Remittance Market Share by Manufacturers (2014-2019)
    Figure Global Digital Remittance Market Share by Manufacturers in 2018
    Table Global Digital Remittance Manufacturers Market Concentration Ratio (CR5 and HHI)
    Table Key Players Head office and Area Served
    Table Key Players Digital Remittance Product/Solution/Service
    Table Date of Enter into Digital Remittance Market
    Table Mergers & Acquisitions, Expansion Plans
    Table Global Digital Remittance Market Size by Type (2014-2019) (Million US$)
    Table Global Digital Remittance Market Size Share by Type (2014-2019)
    Figure Global Digital Remittance Market Size Market Share by Type (2014-2019)
    Table Global Digital Remittance Market Size by Application (2014-2019) (Million US$)
    Table Global Digital Remittance Market Size Share by Application (2014-2019)
    Figure Global Digital Remittance Market Size Market Share by Application (2014-2019)
    Figure Global Digital Remittance Revenue Market Share by Application in 2018
    Figure United States Digital Remittance Market Size 2014-2019 (Million US$)
    Table United States Key Players Digital Remittance Revenue (2018-2019) (Million US$)
    Table United States Key Players Digital Remittance Market Share (2018-2019)
    Table United States Digital Remittance Market Size by Type (2014-2019) (Million US$)
    Table United States Digital Remittance Market Share by Type (2014-2019)
    Table United States Digital Remittance Market Size by Application (2014-2019) (Million US$)
    Table United States Digital Remittance Market Share by Application (2014-2019)
    Figure Europe Digital Remittance Market Size 2014-2019 (Million US$)
    Table Europe Key Players Digital Remittance Revenue (2018-2019) (Million US$)
    Table Europe Key Players Digital Remittance Market Share (2018-2019)
    Table Europe Digital Remittance Market Size by Type (2014-2019) (Million US$)
    Table Europe Digital Remittance Market Share by Type (2014-2019)
    Table Europe Digital Remittance Market Size by Application (2014-2019) (Million US$)
    Table Europe Digital Remittance Market Share by Application (2014-2019)
    Figure China Digital Remittance Market Size 2014-2019 (Million US$)
    Table China Key Players Digital Remittance Revenue (2018-2019) (Million US$)
    Table China Key Players Digital Remittance Market Share (2018-2019)
    Table China Digital Remittance Market Size by Type (2014-20189) (Million US$)
    Table China Digital Remittance Market Share by Type (2014-2019)
    Table China Digital Remittance Market Size by Application (2014-2019) (Million US$)
    Table China Digital Remittance Market Share by Application (2014-2019)
    Figure Japan Digital Remittance Market Size 2014-2019 (Million US$)
    Table Japan Key Players Digital Remittance Revenue (2018-2019) (Million US$)
    Table Japan Key Players Digital Remittance Market Share (2018-2019)
    Table Japan Digital Remittance Market Size by Type (2014-2019) (Million US$)
    Table Japan Digital Remittance Market Share by Type (2014-2019)
    Table Japan Digital Remittance Market Size by Application (2014-2019) (Million US$)
    Table Japan Digital Remittance Market Share by Application (2014-2019)
    Figure Southeast Asia Digital Remittance Market Size 2014-2019 (Million US$)
    Table Southeast Asia Key Players Digital Remittance Revenue (2018-2019) (Million US$)
    Table Southeast Asia Key Players Digital Remittance Market Share (2018-2019)
    Table Southeast Asia Digital Remittance Market Size by Type (2014-2019) (Million US$)
    Table Southeast Asia Digital Remittance Market Share by Type (2014-2019)
    Table Southeast Asia Digital Remittance Market Size by Application (2014-2019) (Million US$)
    Table Southeast Asia Digital Remittance Market Share by Application (2014-2019)
    Figure India Digital Remittance Market Size 2014-2019 (Million US$)
    Table India Key Players Digital Remittance Revenue (2018-2019) (Million US$)
    Table India Key Players Digital Remittance Market Share (2018-2019)
    Table India Digital Remittance Market Size by Type (2014-2019) (Million US$)
    Table India Digital Remittance Market Share by Type (2014-2019)
    Table India Digital Remittance Market Size by Application (2014-2019) (Million US$)
    Table India Digital Remittance Market Share by Application (2014-2019)
    Figure Central & South America Digital Remittance Market Size 2014-2019 (Million US$)
    Table Central & South America Key Players Digital Remittance Revenue (2018-2019) (Million US$)
    Table Central & South America Key Players Digital Remittance Market Share (2018-2019)
    Table Central & South America Digital Remittance Market Size by Type (2014-2019) (Million US$)
    Table Central & South America Digital Remittance Market Share by Type (2014-2019)
    Table Central & South America Digital Remittance Market Size by Application (2014-2019) (Million US$)
    Table Central & South America Digital Remittance Market Share by Application (2014-2019)
    Table Western Union (WU) Company Details
    Table Western Union (WU) Revenue in Digital Remittance Business (2014-2019) (Million US$)
    Figure Western Union (WU) Revenue Growth Rate in Digital Remittance Business (2014-2019)
    Table Western Union (WU) Recent Development
    Table Ria Financial Services Company Details
    Table Ria Financial Services Revenue in Digital Remittance Business (2014-2019)(Million US$)
    Figure Ria Financial Services Revenue Growth Rate in Digital Remittance Business (2014-2019)
    Table Ria Financial Services Recent Development
    Table PayPal/Xoom Company Details
    Table PayPal/Xoom Revenue in Digital Remittance Business (2014-2019)(Million US$)
    Figure PayPal/Xoom Revenue Growth Rate in Digital Remittance Business (2014-2019)
    Table PayPal/Xoom Recent Development
    Table TransferWise Company Details
    Table TransferWise Revenue in Digital Remittance Business (2014-2019)(Million US$)
    Figure TransferWise Revenue Growth Rate in Digital Remittance Business (2014-2019)
    Table TransferWise Recent Development
    Table WorldRemit Company Details
    Table WorldRemit Revenue in Digital Remittance Business (2014-2019)(Million US$)
    Figure WorldRemit Revenue Growth Rate in Digital Remittance Business (2014-2019)
    Table WorldRemit Recent Development
    Table MoneyGram Company Details
    Table MoneyGram Revenue in Digital Remittance Business (2014-2019)(Million US$)
    Figure MoneyGram Revenue Growth Rate in Digital Remittance Business (2014-2019)
    Table MoneyGram Recent Development
    Table Remitly Company Details
    Table Remitly Revenue in Digital Remittance Business (2014-2019)(Million US$)
    Figure Remitly Revenue Growth Rate in Digital Remittance Business (2014-2019)
    Table Remitly Recent Development
    Table Azimo Company Details
    Table Azimo Revenue in Digital Remittance Business (2014-2019)(Million US$)
    Figure Azimo Revenue Growth Rate in Digital Remittance Business (2014-2019)
    Table Azimo Recent Development
    Table TransferGo Company Details
    Table TransferGo Revenue in Digital Remittance Business (2014-2019)(Million US$)
    Figure TransferGo Revenue Growth Rate in Digital Remittance Business (2014-2019)
    Table TransferGo Recent Development
    Table InstaReM Company Details
    Table InstaReM Revenue in Digital Remittance Business (2014-2019)(Million US$)
    Figure InstaReM Revenue Growth Rate in Digital Remittance Business (2014-2019)
    Table InstaReM Recent Development
    Table TNG Wallet Company Details
    Table Coins.ph Company Details
    Table Toast Company Details
    Table OrbitRemit Company Details
    Table Smiles/Digital Wallet Corporation Company Details
    Table Avenues India Pvt Ltd Company Details
    Table FlyRemit Company Details
    Table Global Digital Remittance Market Size by Regions (Million US$) 2019-2025
    Figure Global Digital Remittance Market Size Share by Regions (2019-2025)
    Figure Global Digital Remittance Market Size Share by Regions in 2025
    Figure United States Digital Remittance Market Size Forecast (2019-2025)(Million USD)
    Figure Europe Digital Remittance Market Size Forecast (2019-2025)(Million USD)
    Figure China Digital Remittance Market Size Forecast (2019-2025)(Million USD)
    Figure Japan Digital Remittance Market Size Forecast (2019-2025)(Million USD)
    Figure Southeast Asia Digital Remittance Market Size Forecast (2019-2025)(Million USD)
    Figure India Digital Remittance Market Size Forecast (2019-2025)(Million USD)
    Figure Central & South America Digital Remittance Market Size Forecast (2019-2025)(Million USD)
    Table Global Digital Remittance Market Size by Product (2019-2025) (Million US$)
    Figure Global Digital Remittance Market Size by Product (2019-2025)
    Figure Global Digital Remittance Market Size by Product in 2025
    Table Global Digital Remittance Market Size by Application (2019-2025) (Million US$)
    Figure Global Digital Remittance Market Size by Application (2019-2025)
    Figure Global Digital Remittance Market Size by Application in 2025
    Table Research Programs/Design for This Report
    Figure Bottom-up and Top-down Approaches for This Report
    Figure Data Triangulation
    Table Key Data Information from Secondary Sources
    Table Key Data Information from Primary Sources

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