Digital Remittance Market by Remittance Channel (Banks, Money Transfer Operators, and Others) and End User (Migrant Labor Workforce, Low-income Households, Small Businesses, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025

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According to the World Bank, global remittance market was valued at $582 billion in 2015, of which $432 billion was sent to emerging markets. Annually, several people send remittances worth thousands of billions of dollars to family, friends, or business associates in foreign countries. Cash-based operators facilitate the transfer of such huge remittance amount.

These players have a retail network through which customers can transfer or collect the remitted amount. However, the past two decades have witnessed the entry of digital remittance operators. These operators pose a serious challenge to traditional cash-in-hand providers due to reduced user fees and ease of usability. They offer digital transfer network, which include an easy-to-use mobile application and eliminate the need for tedious form-filling processes, agents, and codes.

The growth of the digital remittance market is driven by rise in digitization & automation, reduced remittance cost & transfer time, and growth in adoption of banking & financial services. Furthermore, regulatory initiatives that encourage all financial institutions to become more transparent and nurture richer ecosystems of data & partners supplement the market growth. However, lack of awareness & guidance is a major factor that restrains people from opting for digital remittance transfer mode. Increase in access of financial services such as basic bank accounts among remittance recipients and rise in internet usage offer growth opportunities for the market.

The global digital remittance market is segmented based on remittance channel, end user, and geography. On the basis of remittance channel, the market is divided into banks, money transfer operators, and others. End users covered in the study include migrant labor workforce, low-income households, small businesses, and others. Geographically, the market is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Major companies profiled in the report include Mobetize Corp., Remitly, Regalii, peerTransfer, Currency Cloud, Azimo, WorldRemit, TransferWise, Ripple, and MoneyGram.

Key Benefits

Comprehensive analysis of the current trends and future estimations in the global digital remittance market is provided.
The report offers a competitive scenario of the market with growth trends, structure, drivers, scope, opportunities, and challenges.
It includes a detailed analysis of the key segments to provide insights on market dynamics.
Porters Five Forces analysis highlights the potential of buyers and suppliers and the competitive structure to devise effective growth strategies and facilitate better decision-making.

Digital Remittance Market Key Segmentation:

By Remittance Channel

Banks
Money Transfer Operators
Others

By End User

Migrant Labor Workforce
Low-income Households
Small Businesses
Others

By Geography

North America
- U.S.
- Mexico
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Players

Mobetize Corp.
Remitly
Regalii
peerTransfer
Currency Cloud
Azimo
WorldRemit
TransferWise
Ripple
MoneyGram

"Note : The list of companies mentioned in the description is tentative in nature and may change after detailed analysis."

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. MARKET SHARE ANALYSIS, 2016
3.4. PORTER’S FIVE FORCES ANALYSIS

3.4.1. MARKET DYNAMICS
3.4.2. Drivers
3.4.3. Restraints
3.4.4. Opportunities

Chapter: 4 DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. BANKS

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast

4.3. MONEY TRANSFER OPERATORS

4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast

4.4. OTHER REMITTANCE SERVICE PROVIDERS

4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size and forecast

Chapter: 5 DIGITAL REMITTANCE MARKET, BY END-USER

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. MIGRANT LABOR WORKFORCE

5.2.1. Market size and forecast

5.3. LOW-INCOME HOUSEHOLDS

5.3.1. Market size and forecast

5.4. SMALL BUSINESSES

5.4.1. Market size and forecast

5.5. OTHERS

5.5.1. Market size and forecast

Chapter: 6 DIGITAL REMITTANCE MARKET, BY GEOGRAPHY

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.2.3.1. U.S. market size and forecast
6.2.3.2. Canada market size and forecast
6.2.3.3. Mexico market size and forecast

6.2.4. North America Digital Remittance Market by Remittance Channel
6.2.5. North America Digital Remittance Market by End-User

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.3.3.1. Germany market size and forecast
6.3.3.2. France market size and forecast
6.3.3.3. UK market size and forecast
6.3.3.4. Rest of Europe market size and forecast

6.3.4. Europe Digital Remittance Market by Remittance Channel
6.3.5. Europe Digital Remittance Market by End-User

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

6.4.3.1. Japan market size and forecast
6.4.3.2. China market size and forecast
6.4.3.3. India market size and forecast
6.4.3.4. South Korea market size and forecast
6.4.3.5. Rest of Asia-Pacific market size and forecast

6.4.4. Asia-Pacific Digital Remittance Market by Remittance Channel
6.4.5. Asia-Pacific Digital Remittance Market by End-User

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast

6.5.3.1. Latin America market size and forecast
6.5.3.2. Middle East market size and forecast
6.5.3.3. Africa market size and forecast

6.5.4. LAMEA Digital Remittance Market by Remittance Channel
6.5.5. LAMEA Digital Remittance Market by End-User

Chapter: 7 COMPANY PROFILES

7.1. MOBETIZE CORP.

7.1.1. Operating business segments
7.1.2. Business performance
7.1.3. Key strategic moves and developments

7.2. REMITLY

7.2.1. Operating business segments
7.2.2. Business performance
7.2.3. Key strategic moves and developments

7.3. REGALII

7.3.1. Operating business segments
7.3.2. Business performance
7.3.3. Key strategic moves and developments

7.4. PEERTRANSFER

7.4.1. Operating business segments
7.4.2. Business performance
7.4.3. Key strategic moves and developments

7.5. CURRENCY CLOUD

7.5.1. Operating business segments
7.5.2. Business performance
7.5.3. Key strategic moves and developments

7.6. AZIMO

7.6.1. Operating business segments
7.6.2. Business performance
7.6.3. Key strategic moves and developments

7.7. WORLDREMIT

7.7.1. Operating business segments
7.7.2. Business performance
7.7.3. Key strategic moves and developments

7.8. TRANSFERWISE

7.8.1. Operating business segments
7.8.2. Business performance
7.8.3. Key strategic moves and developments

7.9. RIPPLE

7.9.1. Operating business segments
7.9.2. Business performance
7.9.3. Key strategic moves and developments

7.10. MONEYGRAM

7.10.1. Operating business segments
7.10.2. Business performance
7.10.3. Key strategic moves and developments

"Note : The list of companies mentioned in the description is tentative in nature and may change after detailed analysis."

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Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

Patent and regulatory databases for understanding of technical & legal developments
Scientific and technical writings for product information and related preemptions
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Digital Remittance Market by Remittance Channel (Banks, Money Transfer Operators, and Others) and End User (Migrant Labor Workforce, Low-income Households, Small Businesses, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025