Digital Money Transfer and Remittances Market Size with Emerging Trends 2023 | Top Key Players Updates, Business Growing Strategies, Competitive Dynamics, Industry Segmentation and Forecast to 2028
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 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.).This report focuses on global and United States Digital Money Transfer and Remittances market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global Digital Money Transfer and Remittances market size is estimated to be worth USD 7528.6 million in 2022 and is forecast to a readjusted size of USD 19710 million by 2028 with a CAGR of 17.4% during the review period. 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%.Digital Money Transfer and Remittances market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Digital Money Transfer and Remittances market will be able to gain the upper hand as they use the report as a powerful resource.
Major players covered in Digital Money Transfer and Remittances Market are:
- 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
Market Segment by Type:
- Digital Money Transfer Operators
- Banks Digital Remittance
Market Segment by Application:
- Personal Customers
- Micro and Small Businesses
Learn the strategies needed to outpace the competition and become successful in the Digital Money Transfer and Remittances market with the report.
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