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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.).
The global Digital Remittance market was valued at US$ 6333 million in 2023 and is anticipated to reach US$ 19710 million by 2030, witnessing a CAGR of 17.4% during the forecast period 2024-2030.
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%.
This report aims to provide a comprehensive presentation of the global market for Digital Remittance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Remittance.
Report Scope
The Digital Remittance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Remittance market comprehensively. Regional market sizes, concerning products by Provider, by End User, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Remittance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Provider, by End User, and by regions.
Market Segmentation
By Company
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
Segment by Provider
Digital Money Transfer Operators
Banks Digital Remittance
Segment by End User
Personal Customers
Micro and Small Businesses
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Provider, by End User, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Digital Remittance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Provider, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by End User, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
The global Digital Remittance market was valued at US$ 6333 million in 2023 and is anticipated to reach US$ 19710 million by 2030, witnessing a CAGR of 17.4% during the forecast period 2024-2030.
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%.
This report aims to provide a comprehensive presentation of the global market for Digital Remittance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Remittance.
Report Scope
The Digital Remittance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Remittance market comprehensively. Regional market sizes, concerning products by Provider, by End User, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Remittance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Provider, by End User, and by regions.
Market Segmentation
By Company
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
Segment by Provider
Digital Money Transfer Operators
Banks Digital Remittance
Segment by End User
Personal Customers
Micro and Small Businesses
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Provider, by End User, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Digital Remittance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Provider, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by End User, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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