|
(MoneyNewsWire.Net, October 10, 2018 ) Global Digital Remittance Market Size Status and Forecast 2025
Digital remittances have the potential to engender positive development outcomes. The pure feebased cost savings that result from digital remittances could have a significant impact on immigrant workers, as well as families back home.
Get sample copy of this report: http://www.reportsweb.com/inquiry&RW00012142621/sample
Companies Profiled in this report includes: 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
Beyond the pure fee costs, important time, reach, and security benefits accrue from digital remittances. The cost savings from digital remittances could be a meaningful boost to global GDP and have a noteworthy impact on poverty. In order for all of these positive developments to be realized, and enabling environment for digital remittances must be created.
Identity, connectivity, banking, and literacy solutions for all must be developed by the public and private sectors in collaboration. With the current refugee crisis, the time is ripe for digital remittances to provide enhanced economic opportunity for those that need it most.
In 2017, the global Digital Remittance Market Size was valued at 1536 million USD, and it will reach 8590 million USD in 2025, with a CAGR of 23.3% between 2018 and 2025.
According to the data from WorldBank, India is the largest country of Migrant remittance inflows, with 68968 million USD and percentage of 11.2% in the world. China, Philippines, Mexico, France, Nigeria, Pakistan, Germany, Vietnam and Bangladesh, also are top players which receive significant amounts of remittance volume.
Get Discount of this report: http://www.reportsweb.com/inquiry&RW00012142621/discount
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.
Currently, the global Digital Remittance market is dominated by several traditional global money transfer operators (MTOs) like Western Union (WU), Ria Financial Services and MoneyGram. But the fintech like start-ups Xoom, TransferWise, WorldRemit, Remitly and Azimo, have significant impact on the global Digital Remittance market.
Table of Content:
1 Industry Overview 1
2 Global Digital Remittance Competition Analysis by Players 14
3 Company (Top Players) Profiles and Key Data 20
3.1 Western Union (WU) 20
3.1.1 Company Profile 20
3.1.2 Main Business/Business Overview 20
3.1.3 Products, Services and Solutions 21
3.1.4 Western Union (WU) Digital Remittance Revenue (Million USD) (2013-2018) 22
3.2 Ria Financial Services 23
3.2.1 Company Profile 23
3.2.2 Main Business/Business Overview 24
3.2.3 Products, Services and Solutions 24
3.2.4 Ria Financial Services Digital Remittance Revenue (Million USD) (2013-2018) 26
3.3 PayPal/Xoom 27
3.3.1 Company Profile 27
3.3.2 Main Business/Business Overview 28
3.3.3 Products, Services and Solutions 28
3.3.4 PayPal/Xoom Digital Remittance Revenue (Million USD) (2013-2018) 29
3.4 TransferWise 31
4 Global Digital Remittance Market Size by Product and Application (2013-2018) 84
5 United States Digital Remittance Development Status and Outlook 88
6 Europe Digital Remittance Development Status and Outlook 91
7 Middle East & Africa Digital Remittance Development Status and Outlook 94
8 China Digital Remittance Development Status and Outlook 96
9 India Digital Remittance Development Status and Outlook 98
10 Southeast Asia Digital Remittance Development Status and Outlook 101
11 Market Forecast by Regions, Product and Application (2018-2025) 104
12 Digital Remittance Market Dynamics 114
13 Market Effect Factors Analysis 124
Complete Report: http://www.reportsweb.com/buy&RW00012142621/buy/3300
Contact Info:
Name: Sameer Joshi
Email: sales@reportsweb.com
Company Name: ReportsWeb
Website: Reportsweb.com
Phone: +1-646-491-9876
About ReportsWeb:
ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
|
