Digital Cross-Border Remittance Market Size 2023 | New Business Opportunities with Covid-19 Effect, Growth Drivers, Latest Trends, Future Demand, Analysis by Top Leading Player till Forecast 2031

Digital Cross-Border Remittance Market

Digital Cross-Border Remittance Market


Market Analysis and Insights: Global Digital Cross-Border Remittance MarketIn this report, 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 this report, 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.).The global Digital Cross-Border Remittance market size is projected to reach USD 21040 million by 2028, from USD 6241 million in 2021, at a CAGR of 17.1% during 2022-2028.Global core digital cross-border remittance manufacturers include DSM, Wise (TransferWise) etc.The top 2 companies hold a share about 30%. North America is the largest market, with a share about 35%, followed by Asia Pacific and Europe with the share about 32% and 14%.In terms of provider, digital money transfer operators is the largest segment, with a share over 85%. And in terms of end user, the largest application is personal customers, followed by micro and small businesses.With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Digital Cross-Border Remittance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Digital Cross-Border Remittance market in terms of revenue.Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Digital Cross-Border Remittance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Digital Cross-Border Remittance market.Global Digital Cross-Border Remittance Market Analysis and Insights: Global Digital Cross-Border Remittance MarketIn this report, 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 this report, 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.).The global Digital Cross-Border Remittance market size is projected to reach US$ 21040 million by 2028, from US$ 6241 million in 2021, at a CAGR of 17.1% during 2022-2028.Global core digital cross-border remittance manufacturers include DSM, Wise (TransferWise) etc.The top 2 companies hold a share about 30%. North America is the largest market, with a share about 35%, followed by Asia Pacific and Europe with the share about 32% and 14%.In terms of provider, digital money transfer operators is the largest segment, with a share over 85%. And in terms of end user, the largest application is personal customers, followed by micro and small businesses.With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Digital Cross-Border Remittance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Digital Cross-Border Remittance market in terms of revenue.Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Digital Cross-Border Remittance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Digital Cross-Border Remittance market.Digital Cross-Border Remittance market is segmented by players, region (country), By Provider and By End User. Players, stakeholders, and other participants in the global Digital Cross-Border Remittance market will be able to gain the upper hand as they use the report as a powerful resource.

Major players covered in Digital Cross-Border Remittance Market are:

  • 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

Market Segment by Type:

  • Digital Money Transfer Operators
  • Bank Digital Remittance

Market Segment by Application:

  • Personal Customers
  • Micro and Small Businesses

The comprehensive report includes comprehensive analysis of the Digital Cross-Border Remittance market to help businesses make the best decisions.

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