Sunday, February 24, 2019

Digital Remittance Market Growth | Trends | Industry Analysis


MarketResearchNest.com adds “Global Digital Remittance Market 2019 by Company, Regions, Type and Application, Forecast to 2024”new report to its research database.
This report studies the Digital Remittance market. Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.
Scope of the Report:
Migrant labor workforce is the most important drivers to promote the global development. In future, the blockchain technology will exert far-reaching influence on the remittance market. Most of traditional bank, fintech and other financial firms have researched and tested the blockchain technology used in remittance volume. In the same time, some companies like Ant Financial/Alipay, Coins.ph, Auxesis, Bitspark, Rebit and Cashaa, have introduced their products in remittance.
The global Digital Remittance market is valued at 1540 million USD in 2018 and is expected to reach 5890 million USD by the end of 2024, growing at a CAGR of 25.1% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Digital Remittance.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Digital Remittance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Digital Remittance market by product type and applications/end industries.
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Market Segment by Companies, this report covers
·         Western Union (WU)
·         Ria Financial Services
·         PayPal/Xoom
·         TransferWise
·         WorldRemit
·         MoneyGram
·         Remitly
·         Azimo
·         TransferGo
·         InstaReM
·         TNG Wallet
·         Coins.ph
·         Toast
·         OrbitRemit
·         Smiles/Digital Wallet Corporation
·         Avenues India Pvt Ltd
·         FlyRemit
·         WeChat Payment
·         Ant Financial/Alipay
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Market Segment by Type, covers
·         Banks Digital Remittance
·         Digital Money Transfer Operators
Market Segment by Applications, can be divided into
·         Migrant Labor Workforce
·         Study Abroad and Travel
·         Small Businesses
Market Segment by Regions, regional analysis covers
·         North America (United States, Canada and Mexico)
·         Europe (Germany, France, UK, Russia and Italy)
·         Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
·         South America (Brazil, Argentina, Colombia)
·         Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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