Digital Remittance Market Report by Type (Inward Digital Remittance, Outward Digital Remittance), Channel (Bank Transfer, Money Transfer Operators, Online Platforms, and Others), End Use (Migrant Labor Workforce, Individual, Small Businesses, and Others), and Region 2024-2032

Digital Remittance Market Report by Type (Inward Digital Remittance, Outward Digital Remittance), Channel (Bank Transfer, Money Transfer Operators, Online Platforms, and Others), End Use (Migrant Labor Workforce, Individual, Small Businesses, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A3634
Buy Now

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Digital Remittance Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Inward Digital Remittance
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Outward Digital Remittance
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Channel
    7.1    Bank Transfer
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Money Transfer Operators
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Online Platforms
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by End Use
    8.1    Migrant Labor Workforce
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Individual
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Small Businesses
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Azimo Limited
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Digital Wallet Corporation
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Moneygram International Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    NIUM Pte. Ltd.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    PayPal Holdings Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Remitly Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Ria Financial Services Ltd.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Ripple Labs Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    TransferGo Ltd.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Western Union Holdings Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Wise Payments Limited (Earlier TransferWise Limited)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    WorldRemit Ltd.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Digital Remittance Market: Major Drivers and Challenges
Figure 2: Global: Digital Remittance Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Digital Remittance Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Digital Remittance Market: Breakup by Type (in %), 2023
Figure 5: Global: Digital Remittance Market: Breakup by Channel (in %), 2023
Figure 6: Global: Digital Remittance Market: Breakup by End Use (in %), 2023
Figure 7: Global: Digital Remittance Market: Breakup by Region (in %), 2023
Figure 8: Global: Digital Remittance (Inward Digital Remittance) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Digital Remittance (Inward Digital Remittance) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Digital Remittance (Outward Digital Remittance) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Digital Remittance (Outward Digital Remittance) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Digital Remittance (Bank Transfer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Digital Remittance (Bank Transfer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Digital Remittance (Money Transfer Operators) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Digital Remittance (Money Transfer Operators) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Digital Remittance (Online Platforms) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Digital Remittance (Online Platforms) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Digital Remittance (Other Channels) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Digital Remittance (Other Channels) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Digital Remittance (Migrant Labor Workforce) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Digital Remittance (Migrant Labor Workforce) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Digital Remittance (Individual) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Digital Remittance (Individual) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Digital Remittance (Small Businesses) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Digital Remittance (Small Businesses) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Digital Remittance (Other End Uses) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Digital Remittance (Other End Uses) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: North America: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: North America: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: United States: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: United States: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Canada: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Canada: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Asia-Pacific: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Asia-Pacific: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: China: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: China: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Japan: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Japan: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: India: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: India: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: South Korea: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: South Korea: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Australia: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Australia: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Indonesia: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Indonesia: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Others: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Others: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Europe: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Europe: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Germany: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Germany: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: France: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: France: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: United Kingdom: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: United Kingdom: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Italy: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Italy: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Spain: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Spain: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Russia: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Russia: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Latin America: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Latin America: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Brazil: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Brazil: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Mexico: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Mexico: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Others: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Others: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Middle East and Africa: Digital Remittance Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Middle East and Africa: Digital Remittance Market: Breakup by Country (in %), 2023
Figure 76: Middle East and Africa: Digital Remittance Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Global: Digital Remittance Industry: SWOT Analysis
Figure 78: Global: Digital Remittance Industry: Value Chain Analysis
Figure 79: Global: Digital Remittance Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Digital Remittance Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Digital Remittance Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Digital Remittance Market Forecast: Breakup by Channel (in Million US$), 2024-2032
Table 4: Global: Digital Remittance Market Forecast: Breakup by End Use (in Million US$), 2024-2032
Table 5: Global: Digital Remittance Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Digital Remittance Market: Competitive Structure
Table 7: Global: Digital Remittance Market: Key Players

Digital Remittance Market Report by Type (Inward Digital Remittance, Outward Digital Remittance), Channel (Bank Transfer, Money Transfer Operators, Online Platforms, and Others), End Use (Migrant Labor Workforce, Individual, Small Businesses, and Others), and Region 2024-2032
Purchase Options Year End sale




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARATI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More
DEinternational Egypt

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

Read More
Gulf Excellent Group

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Read More
FS Corporation Inc.

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

Read More
Egyptian Industrial Investment Group

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

Read More
Vishnu Chemicals

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

Read More
MOUNT EVEREST BREWERIES LIMITED

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

Read More
Borges Branded Foods

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

Read More
Godrej Consumer Products Limited

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

Read More
ADC Therapeutics

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

Read More
Ivanti

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

Read More
Asiatic Electrical & Switchgear P. Ltd.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Read More
Denka Co., Ltd.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.

Read More