Is Digital Remittance Market Really a Strong Market to Invest in?

Digital Remittance
Press Release

Digital Remittance is refer as the online service which allows the people to send money for friends and family who are living abroad, through the use of smartphone, computer or tablet. For funding of the many families around the world, remittances market is considered as one of the valuable external source. While the reduction in the remittance costs has become one of the strategic focus for organisations of multilateral development.

According to AMA, the Global Digital Remittance market is expected to see growth rate of 24.0% and may see market size of USD 8590.0 Million by 2024.

Advance Market Analytics recently introduced Global Digital Remittance Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2025. Global Digital Remittance Market explores effective study on varied sections of Industry like opportunities, size, growth, technology, demand and trend of high leading players. It also provides market key statistics on the status of manufacturers, a valuable source of guidance, direction for companies and individuals interested in the industry.

Major Players in This Report Include,

Western Union (WU) (United States), Ria Financial Services (United States), PayPal/Xoom (United States), TransferWise (United Kingdom), WorldRemit (United Kingdom), MoneyGram (United States), Remitly (United States), Azimo (United Kingdom), TransferGo (United Kingdom), InstaReM (Singapore), TNG Wallet (China), Coins.ph (Philippines), Toast (Singapore) and OrbitRemit (New Zealand)

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Competitive Landscape:

Mergers & Acquisitions, Agreements & Collaborations, New Product Developments & Launches, Business overview & Product Specification for each player listed in the study. Players profiled are Western Union (WU) (United States), Ria Financial Services (United States), PayPal/Xoom (United States), TransferWise (United Kingdom), WorldRemit (United Kingdom), MoneyGram (United States), Remitly (United States), Azimo (United Kingdom), TransferGo (United Kingdom), InstaReM (Singapore), TNG Wallet (China), Coins.ph (Philippines), Toast (Singapore) and OrbitRemit (New Zealand)

List of players also available in Coverage:

Type (Inward Digital Remittance, Outward Digital Remittance), Application (Migrant Labor Workforce, Study Abroad and Travel, Small Businesses), Remittance channel (Banks, Money transfer operators, Others)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Market Drivers

  • Rise in automation and digitization
  • Reduction in the remittance cost & transfer time

Market Trend

  • Blockchain technology is exerting far-reaching influence on the remittance market

Restraints

  • Lacking in the proper awareness
  • Improper guidance is restraining people from opting for digital remittance transfer mode

Opportunities

  • Growing access of financial services such as basic bank accounts among remittance recipients and rise in internet usage offer growth opportunities for the market

Challenges

  • Lack of skilled professional for using this service

Research Parameter/ Research Methodology
Primary Research:

Key sources are industry professionals in the Global Digital Remittance industry, including management organizations, processing organizations, and analytics service providers that manage the value chain of industry organizations. We interviewed all major sources to collect and certify qualitative and quantitative information and to determine future prospects. In the extensive primary research process conducted for this study, industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, founders and key executives from several of the industry’s leading Global Digital Remittance companies and organizations, we conducted interviews to acquire and verify both quantitative aspects.

Secondary Research:
Secondary research studies critical information about the industrial value chain, core pool of people, and applications. We also helped market segmentation based on the industry’s lowest level of industry, geographical markets and key developments in market and technology-driven core development.

In this study, the years considered to estimate the market size of Global Digital Remittance Market are as follows:
History Year: 2013-2017
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025

Strategic Points Covered in Table of Content of Global Digital Remittance Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Digital Remittance market

Chapter 2: Exclusive Summary – the basic information of the Global Digital Remittance Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Digital Remittance

Chapter 4: Presenting the Global Digital Remittance Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region 2013-2018

Chapter 6: Evaluating the leading manufacturers of the Global Digital Remittance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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**Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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