Global Digital Remittance Market 2023 by Company, Regions, Type and Application, Forecast to 2029

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Published Date: 18 Mar 2023

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Description
Table of Contents
Table of Figures
Research Methodology
Related Reports
Product Tags

Description

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.).

According to our (Global Info Research) latest study, the global Digital Remittance market size was valued at USD 6516.3 million in 2022 and is forecast to a readjusted size of USD 19150 million by 2029 with a CAGR of 16.7% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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 is a detailed and comprehensive analysis for global Digital Remittance market. Both quantitative and qualitative analyses are presented by company, by region & country, by Provider and by End User. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:
Global Digital Remittance market size and forecasts, in consumption value ($ Million), 2018-2029
Global Digital Remittance market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Digital Remittance market size and forecasts, by Provider and by End User, in consumption value ($ Million), 2018-2029
Global Digital Remittance market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Digital Remittance
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Digital Remittance market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Western Union (WU), Ria Financial Services (Euronet), PayPal/Xoom, Wise and Zepz (WorldRemit, Sendwave), etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market segmentation
Digital Remittance market is split by Provider and by End User. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Provider and by End User. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Provider
    Digital Money Transfer Operators
    Banks Digital Remittance

Market segment by End User
    Personal Customers
    Micro and Small Businesses

Market segment by players, this report covers
    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

Market segment by regions, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
    South America (Brazil, Argentina and Rest of South America)
    Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Digital Remittance product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Digital Remittance, with revenue, gross margin and global market share of Digital Remittance from 2018 to 2023.
Chapter 3, the Digital Remittance competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Provider and application, with consumption value and growth rate by Provider, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Digital Remittance market forecast, by regions, provider and end user, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Digital Remittance.
Chapter 13, to describe Digital Remittance research findings and conclusion.

Table of Contents

1 Market Overview
    1.1 Product Overview and Scope of Digital Remittance
    1.2 Market Estimation Caveats and Base Year
    1.3 Classification of Digital Remittance by Provider
        1.3.1 Overview: Global Digital Remittance Market Size by Provider: 2018 Versus 2022 Versus 2029
        1.3.2 Global Digital Remittance Consumption Value Market Share by Provider in 2022
        1.3.3 Digital Money Transfer Operators
        1.3.4 Banks Digital Remittance
    1.4 Global Digital Remittance Market by End User
        1.4.1 Overview: Global Digital Remittance Market Size by End User: 2018 Versus 2022 Versus 2029
        1.4.2 Personal Customers
        1.4.3 Micro and Small Businesses
    1.5 Global Digital Remittance Market Size & Forecast
    1.6 Global Digital Remittance Market Size and Forecast by Region
        1.6.1 Global Digital Remittance Market Size by Region: 2018 VS 2022 VS 2029
        1.6.2 Global Digital Remittance Market Size by Region, (2018-2029)
        1.6.3 North America Digital Remittance Market Size and Prospect (2018-2029)
        1.6.4 Europe Digital Remittance Market Size and Prospect (2018-2029)
        1.6.5 Asia-Pacific Digital Remittance Market Size and Prospect (2018-2029)
        1.6.6 South America Digital Remittance Market Size and Prospect (2018-2029)
        1.6.7 Middle East and Africa Digital Remittance Market Size and Prospect (2018-2029)

2 Company Profiles
    2.1 Western Union (WU)
        2.1.1 Western Union (WU) Details
        2.1.2 Western Union (WU) Major Business
        2.1.3 Western Union (WU) Digital Remittance Product and Solutions
        2.1.4 Western Union (WU) Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.1.5 Western Union (WU) Recent Developments and Future Plans
    2.2 Ria Financial Services (Euronet)
        2.2.1 Ria Financial Services (Euronet) Details
        2.2.2 Ria Financial Services (Euronet) Major Business
        2.2.3 Ria Financial Services (Euronet) Digital Remittance Product and Solutions
        2.2.4 Ria Financial Services (Euronet) Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.2.5 Ria Financial Services (Euronet) Recent Developments and Future Plans
    2.3 PayPal/Xoom
        2.3.1 PayPal/Xoom Details
        2.3.2 PayPal/Xoom Major Business
        2.3.3 PayPal/Xoom Digital Remittance Product and Solutions
        2.3.4 PayPal/Xoom Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.3.5 PayPal/Xoom Recent Developments and Future Plans
    2.4 Wise
        2.4.1 Wise Details
        2.4.2 Wise Major Business
        2.4.3 Wise Digital Remittance Product and Solutions
        2.4.4 Wise Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.4.5 Wise Recent Developments and Future Plans
    2.5 Zepz (WorldRemit, Sendwave)
        2.5.1 Zepz (WorldRemit, Sendwave) Details
        2.5.2 Zepz (WorldRemit, Sendwave) Major Business
        2.5.3 Zepz (WorldRemit, Sendwave) Digital Remittance Product and Solutions
        2.5.4 Zepz (WorldRemit, Sendwave) Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.5.5 Zepz (WorldRemit, Sendwave) Recent Developments and Future Plans
    2.6 MoneyGram
        2.6.1 MoneyGram Details
        2.6.2 MoneyGram Major Business
        2.6.3 MoneyGram Digital Remittance Product and Solutions
        2.6.4 MoneyGram Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.6.5 MoneyGram Recent Developments and Future Plans
    2.7 Remitly
        2.7.1 Remitly Details
        2.7.2 Remitly Major Business
        2.7.3 Remitly Digital Remittance Product and Solutions
        2.7.4 Remitly Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.7.5 Remitly Recent Developments and Future Plans
    2.8 Azimo
        2.8.1 Azimo Details
        2.8.2 Azimo Major Business
        2.8.3 Azimo Digital Remittance Product and Solutions
        2.8.4 Azimo Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.8.5 Azimo Recent Developments and Future Plans
    2.9 TransferGo
        2.9.1 TransferGo Details
        2.9.2 TransferGo Major Business
        2.9.3 TransferGo Digital Remittance Product and Solutions
        2.9.4 TransferGo Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.9.5 TransferGo Recent Developments and Future Plans
    2.10 NIUM, Inc (Instarem)
        2.10.1 NIUM, Inc (Instarem) Details
        2.10.2 NIUM, Inc (Instarem) Major Business
        2.10.3 NIUM, Inc (Instarem) Digital Remittance Product and Solutions
        2.10.4 NIUM, Inc (Instarem) Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.10.5 NIUM, Inc (Instarem) Recent Developments and Future Plans
    2.11 TNG FinTech
        2.11.1 TNG FinTech Details
        2.11.2 TNG FinTech Major Business
        2.11.3 TNG FinTech Digital Remittance Product and Solutions
        2.11.4 TNG FinTech Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.11.5 TNG FinTech Recent Developments and Future Plans
    2.12 Coins.ph
        2.12.1 Coins.ph Details
        2.12.2 Coins.ph Major Business
        2.12.3 Coins.ph Digital Remittance Product and Solutions
        2.12.4 Coins.ph Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.12.5 Coins.ph Recent Developments and Future Plans
    2.13 OrbitRemit
        2.13.1 OrbitRemit Details
        2.13.2 OrbitRemit Major Business
        2.13.3 OrbitRemit Digital Remittance Product and Solutions
        2.13.4 OrbitRemit Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.13.5 OrbitRemit Recent Developments and Future Plans
    2.14 Smiles/Digital Wallet Corporation
        2.14.1 Smiles/Digital Wallet Corporation Details
        2.14.2 Smiles/Digital Wallet Corporation Major Business
        2.14.3 Smiles/Digital Wallet Corporation Digital Remittance Product and Solutions
        2.14.4 Smiles/Digital Wallet Corporation Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.14.5 Smiles/Digital Wallet Corporation Recent Developments and Future Plans
    2.15 FlyRemit
        2.15.1 FlyRemit Details
        2.15.2 FlyRemit Major Business
        2.15.3 FlyRemit Digital Remittance Product and Solutions
        2.15.4 FlyRemit Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.15.5 FlyRemit Recent Developments and Future Plans
    2.16 SingX
        2.16.1 SingX Details
        2.16.2 SingX Major Business
        2.16.3 SingX Digital Remittance Product and Solutions
        2.16.4 SingX Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.16.5 SingX Recent Developments and Future Plans
    2.17 Flywire
        2.17.1 Flywire Details
        2.17.2 Flywire Major Business
        2.17.3 Flywire Digital Remittance Product and Solutions
        2.17.4 Flywire Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.17.5 Flywire Recent Developments and Future Plans
    2.18 Intermex
        2.18.1 Intermex Details
        2.18.2 Intermex Major Business
        2.18.3 Intermex Digital Remittance Product and Solutions
        2.18.4 Intermex Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.18.5 Intermex Recent Developments and Future Plans
    2.19 Small World
        2.19.1 Small World Details
        2.19.2 Small World Major Business
        2.19.3 Small World Digital Remittance Product and Solutions
        2.19.4 Small World Digital Remittance Revenue, Gross Margin and Market Share (2018-2023)
        2.19.5 Small World Recent Developments and Future Plans

3 Market Competition, by Players
    3.1 Global Digital Remittance Revenue and Share by Players (2018-2023)
    3.2 Market Share Analysis (2022)
        3.2.1 Market Share of Digital Remittance by Company Revenue
        3.2.2 Top 3 Digital Remittance Players Market Share in 2022
        3.2.3 Top 6 Digital Remittance Players Market Share in 2022
    3.3 Digital Remittance Market: Overall Company Footprint Analysis
        3.3.1 Digital Remittance Market: Region Footprint
        3.3.2 Digital Remittance Market: Company Product Type Footprint
        3.3.3 Digital Remittance Market: Company Product Application Footprint
    3.4 New Market Entrants and Barriers to Market Entry
    3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Provider
    4.1 Global Digital Remittance Consumption Value and Market Share by Provider (2018-2023)
    4.2 Global Digital Remittance Market Forecast by Provider (2024-2029)

5 Market Size Segment by End User
    5.1 Global Digital Remittance Consumption Value Market Share by End User (2018-2023)
    5.2 Global Digital Remittance Market Forecast by End User (2024-2029)

6 North America
    6.1 North America Digital Remittance Consumption Value by Provider (2018-2029)
    6.2 North America Digital Remittance Consumption Value by End User (2018-2029)
    6.3 North America Digital Remittance Market Size by Country
        6.3.1 North America Digital Remittance Consumption Value by Country (2018-2029)
        6.3.2 United States Digital Remittance Market Size and Forecast (2018-2029)
        6.3.3 Canada Digital Remittance Market Size and Forecast (2018-2029)
        6.3.4 Mexico Digital Remittance Market Size and Forecast (2018-2029)

7 Europe
    7.1 Europe Digital Remittance Consumption Value by Provider (2018-2029)
    7.2 Europe Digital Remittance Consumption Value by End User (2018-2029)
    7.3 Europe Digital Remittance Market Size by Country
        7.3.1 Europe Digital Remittance Consumption Value by Country (2018-2029)
        7.3.2 Germany Digital Remittance Market Size and Forecast (2018-2029)
        7.3.3 France Digital Remittance Market Size and Forecast (2018-2029)
        7.3.4 United Kingdom Digital Remittance Market Size and Forecast (2018-2029)
        7.3.5 Russia Digital Remittance Market Size and Forecast (2018-2029)
        7.3.6 Italy Digital Remittance Market Size and Forecast (2018-2029)

8 Asia-Pacific
    8.1 Asia-Pacific Digital Remittance Consumption Value by Provider (2018-2029)
    8.2 Asia-Pacific Digital Remittance Consumption Value by End User (2018-2029)
    8.3 Asia-Pacific Digital Remittance Market Size by Region
        8.3.1 Asia-Pacific Digital Remittance Consumption Value by Region (2018-2029)
        8.3.2 China Digital Remittance Market Size and Forecast (2018-2029)
        8.3.3 Japan Digital Remittance Market Size and Forecast (2018-2029)
        8.3.4 South Korea Digital Remittance Market Size and Forecast (2018-2029)
        8.3.5 India Digital Remittance Market Size and Forecast (2018-2029)
        8.3.6 Southeast Asia Digital Remittance Market Size and Forecast (2018-2029)
        8.3.7 Australia Digital Remittance Market Size and Forecast (2018-2029)

9 South America
    9.1 South America Digital Remittance Consumption Value by Provider (2018-2029)
    9.2 South America Digital Remittance Consumption Value by End User (2018-2029)
    9.3 South America Digital Remittance Market Size by Country
        9.3.1 South America Digital Remittance Consumption Value by Country (2018-2029)
        9.3.2 Brazil Digital Remittance Market Size and Forecast (2018-2029)
        9.3.3 Argentina Digital Remittance Market Size and Forecast (2018-2029)

10 Middle East & Africa
    10.1 Middle East & Africa Digital Remittance Consumption Value by Provider (2018-2029)
    10.2 Middle East & Africa Digital Remittance Consumption Value by End User (2018-2029)
    10.3 Middle East & Africa Digital Remittance Market Size by Country
        10.3.1 Middle East & Africa Digital Remittance Consumption Value by Country (2018-2029)
        10.3.2 Turkey Digital Remittance Market Size and Forecast (2018-2029)
        10.3.3 Saudi Arabia Digital Remittance Market Size and Forecast (2018-2029)
        10.3.4 UAE Digital Remittance Market Size and Forecast (2018-2029)

11 Market Dynamics
    11.1 Digital Remittance Market Drivers
    11.2 Digital Remittance Market Restraints
    11.3 Digital Remittance Trends Analysis
    11.4 Porters Five Forces Analysis
        11.4.1 Threat of New Entrants
        11.4.2 Bargaining Power of Suppliers
        11.4.3 Bargaining Power of Buyers
        11.4.4 Threat of Substitutes
        11.4.5 Competitive Rivalry
    11.5 Influence of COVID-19 and Russia-Ukraine War
        11.5.1 Influence of COVID-19
        11.5.2 Influence of Russia-Ukraine War

12 Industry Chain Analysis
    12.1 Digital Remittance Industry Chain
    12.2 Digital Remittance Upstream Analysis
    12.3 Digital Remittance Midstream Analysis
    12.4 Digital Remittance Downstream Analysis

13 Research Findings and Conclusion

14 Appendix
    14.1 Methodology
    14.2 Research Process and Data Source
    14.3 Disclaimer

Table of Figures

List of Tables
    Table 1. Global Digital Remittance Consumption Value by Provider, (USD Million), 2018 & 2022 & 2029
    Table 2. Global Digital Remittance Consumption Value by End User, (USD Million), 2018 & 2022 & 2029
    Table 3. Global Digital Remittance Consumption Value by Region (2018-2023) & (USD Million)
    Table 4. Global Digital Remittance Consumption Value by Region (2024-2029) & (USD Million)
    Table 5. Western Union (WU) Company Information, Head Office, and Major Competitors
    Table 6. Western Union (WU) Major Business
    Table 7. Western Union (WU) Digital Remittance Product and Solutions
    Table 8. Western Union (WU) Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 9. Western Union (WU) Recent Developments and Future Plans
    Table 10. Ria Financial Services (Euronet) Company Information, Head Office, and Major Competitors
    Table 11. Ria Financial Services (Euronet) Major Business
    Table 12. Ria Financial Services (Euronet) Digital Remittance Product and Solutions
    Table 13. Ria Financial Services (Euronet) Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 14. Ria Financial Services (Euronet) Recent Developments and Future Plans
    Table 15. PayPal/Xoom Company Information, Head Office, and Major Competitors
    Table 16. PayPal/Xoom Major Business
    Table 17. PayPal/Xoom Digital Remittance Product and Solutions
    Table 18. PayPal/Xoom Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 19. PayPal/Xoom Recent Developments and Future Plans
    Table 20. Wise Company Information, Head Office, and Major Competitors
    Table 21. Wise Major Business
    Table 22. Wise Digital Remittance Product and Solutions
    Table 23. Wise Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 24. Wise Recent Developments and Future Plans
    Table 25. Zepz (WorldRemit, Sendwave) Company Information, Head Office, and Major Competitors
    Table 26. Zepz (WorldRemit, Sendwave) Major Business
    Table 27. Zepz (WorldRemit, Sendwave) Digital Remittance Product and Solutions
    Table 28. Zepz (WorldRemit, Sendwave) Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 29. Zepz (WorldRemit, Sendwave) Recent Developments and Future Plans
    Table 30. MoneyGram Company Information, Head Office, and Major Competitors
    Table 31. MoneyGram Major Business
    Table 32. MoneyGram Digital Remittance Product and Solutions
    Table 33. MoneyGram Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 34. MoneyGram Recent Developments and Future Plans
    Table 35. Remitly Company Information, Head Office, and Major Competitors
    Table 36. Remitly Major Business
    Table 37. Remitly Digital Remittance Product and Solutions
    Table 38. Remitly Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 39. Remitly Recent Developments and Future Plans
    Table 40. Azimo Company Information, Head Office, and Major Competitors
    Table 41. Azimo Major Business
    Table 42. Azimo Digital Remittance Product and Solutions
    Table 43. Azimo Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 44. Azimo Recent Developments and Future Plans
    Table 45. TransferGo Company Information, Head Office, and Major Competitors
    Table 46. TransferGo Major Business
    Table 47. TransferGo Digital Remittance Product and Solutions
    Table 48. TransferGo Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 49. TransferGo Recent Developments and Future Plans
    Table 50. NIUM, Inc (Instarem) Company Information, Head Office, and Major Competitors
    Table 51. NIUM, Inc (Instarem) Major Business
    Table 52. NIUM, Inc (Instarem) Digital Remittance Product and Solutions
    Table 53. NIUM, Inc (Instarem) Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 54. NIUM, Inc (Instarem) Recent Developments and Future Plans
    Table 55. TNG FinTech Company Information, Head Office, and Major Competitors
    Table 56. TNG FinTech Major Business
    Table 57. TNG FinTech Digital Remittance Product and Solutions
    Table 58. TNG FinTech Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 59. TNG FinTech Recent Developments and Future Plans
    Table 60. Coins.ph Company Information, Head Office, and Major Competitors
    Table 61. Coins.ph Major Business
    Table 62. Coins.ph Digital Remittance Product and Solutions
    Table 63. Coins.ph Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 64. Coins.ph Recent Developments and Future Plans
    Table 65. OrbitRemit Company Information, Head Office, and Major Competitors
    Table 66. OrbitRemit Major Business
    Table 67. OrbitRemit Digital Remittance Product and Solutions
    Table 68. OrbitRemit Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 69. OrbitRemit Recent Developments and Future Plans
    Table 70. Smiles/Digital Wallet Corporation Company Information, Head Office, and Major Competitors
    Table 71. Smiles/Digital Wallet Corporation Major Business
    Table 72. Smiles/Digital Wallet Corporation Digital Remittance Product and Solutions
    Table 73. Smiles/Digital Wallet Corporation Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 74. Smiles/Digital Wallet Corporation Recent Developments and Future Plans
    Table 75. FlyRemit Company Information, Head Office, and Major Competitors
    Table 76. FlyRemit Major Business
    Table 77. FlyRemit Digital Remittance Product and Solutions
    Table 78. FlyRemit Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 79. FlyRemit Recent Developments and Future Plans
    Table 80. SingX Company Information, Head Office, and Major Competitors
    Table 81. SingX Major Business
    Table 82. SingX Digital Remittance Product and Solutions
    Table 83. SingX Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 84. SingX Recent Developments and Future Plans
    Table 85. Flywire Company Information, Head Office, and Major Competitors
    Table 86. Flywire Major Business
    Table 87. Flywire Digital Remittance Product and Solutions
    Table 88. Flywire Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 89. Flywire Recent Developments and Future Plans
    Table 90. Intermex Company Information, Head Office, and Major Competitors
    Table 91. Intermex Major Business
    Table 92. Intermex Digital Remittance Product and Solutions
    Table 93. Intermex Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 94. Intermex Recent Developments and Future Plans
    Table 95. Small World Company Information, Head Office, and Major Competitors
    Table 96. Small World Major Business
    Table 97. Small World Digital Remittance Product and Solutions
    Table 98. Small World Digital Remittance Revenue (USD Million), Gross Margin and Market Share (2018-2023)
    Table 99. Small World Recent Developments and Future Plans
    Table 100. Global Digital Remittance Revenue (USD Million) by Players (2018-2023)
    Table 101. Global Digital Remittance Revenue Share by Players (2018-2023)
    Table 102. Breakdown of Digital Remittance by Company Type (Tier 1, Tier 2, and Tier 3)
    Table 103. Market Position of Players in Digital Remittance, (Tier 1, Tier 2, and Tier 3), Based on Revenue in 2022
    Table 104. Head Office of Key Digital Remittance Players
    Table 105. Digital Remittance Market: Company Product Type Footprint
    Table 106. Digital Remittance Market: Company Product Application Footprint
    Table 107. Digital Remittance New Market Entrants and Barriers to Market Entry
    Table 108. Digital Remittance Mergers, Acquisition, Agreements, and Collaborations
    Table 109. Global Digital Remittance Consumption Value (USD Million) by Provider (2018-2023)
    Table 110. Global Digital Remittance Consumption Value Share by Provider (2018-2023)
    Table 111. Global Digital Remittance Consumption Value Forecast by Provider (2024-2029)
    Table 112. Global Digital Remittance Consumption Value by End User (2018-2023)
    Table 113. Global Digital Remittance Consumption Value Forecast by End User (2024-2029)
    Table 114. North America Digital Remittance Consumption Value by Provider (2018-2023) & (USD Million)
    Table 115. North America Digital Remittance Consumption Value by Provider (2024-2029) & (USD Million)
    Table 116. North America Digital Remittance Consumption Value by End User (2018-2023) & (USD Million)
    Table 117. North America Digital Remittance Consumption Value by End User (2024-2029) & (USD Million)
    Table 118. North America Digital Remittance Consumption Value by Country (2018-2023) & (USD Million)
    Table 119. North America Digital Remittance Consumption Value by Country (2024-2029) & (USD Million)
    Table 120. Europe Digital Remittance Consumption Value by Provider (2018-2023) & (USD Million)
    Table 121. Europe Digital Remittance Consumption Value by Provider (2024-2029) & (USD Million)
    Table 122. Europe Digital Remittance Consumption Value by End User (2018-2023) & (USD Million)
    Table 123. Europe Digital Remittance Consumption Value by End User (2024-2029) & (USD Million)
    Table 124. Europe Digital Remittance Consumption Value by Country (2018-2023) & (USD Million)
    Table 125. Europe Digital Remittance Consumption Value by Country (2024-2029) & (USD Million)
    Table 126. Asia-Pacific Digital Remittance Consumption Value by Provider (2018-2023) & (USD Million)
    Table 127. Asia-Pacific Digital Remittance Consumption Value by Provider (2024-2029) & (USD Million)
    Table 128. Asia-Pacific Digital Remittance Consumption Value by End User (2018-2023) & (USD Million)
    Table 129. Asia-Pacific Digital Remittance Consumption Value by End User (2024-2029) & (USD Million)
    Table 130. Asia-Pacific Digital Remittance Consumption Value by Region (2018-2023) & (USD Million)
    Table 131. Asia-Pacific Digital Remittance Consumption Value by Region (2024-2029) & (USD Million)
    Table 132. South America Digital Remittance Consumption Value by Provider (2018-2023) & (USD Million)
    Table 133. South America Digital Remittance Consumption Value by Provider (2024-2029) & (USD Million)
    Table 134. South America Digital Remittance Consumption Value by End User (2018-2023) & (USD Million)
    Table 135. South America Digital Remittance Consumption Value by End User (2024-2029) & (USD Million)
    Table 136. South America Digital Remittance Consumption Value by Country (2018-2023) & (USD Million)
    Table 137. South America Digital Remittance Consumption Value by Country (2024-2029) & (USD Million)
    Table 138. Middle East & Africa Digital Remittance Consumption Value by Provider (2018-2023) & (USD Million)
    Table 139. Middle East & Africa Digital Remittance Consumption Value by Provider (2024-2029) & (USD Million)
    Table 140. Middle East & Africa Digital Remittance Consumption Value by End User (2018-2023) & (USD Million)
    Table 141. Middle East & Africa Digital Remittance Consumption Value by End User (2024-2029) & (USD Million)
    Table 142. Middle East & Africa Digital Remittance Consumption Value by Country (2018-2023) & (USD Million)
    Table 143. Middle East & Africa Digital Remittance Consumption Value by Country (2024-2029) & (USD Million)
    Table 144. Digital Remittance Raw Material
    Table 145. Key Suppliers of Digital Remittance Raw Materials
List of Figures
    Figure 1. Digital Remittance Picture
    Figure 2. Global Digital Remittance Consumption Value by Provider, (USD Million), 2018 & 2022 & 2029
    Figure 3. Global Digital Remittance Consumption Value Market Share by Provider in 2022
    Figure 4. Digital Money Transfer Operators
    Figure 5. Banks Digital Remittance
    Figure 6. Global Digital Remittance Consumption Value by Provider, (USD Million), 2018 & 2022 & 2029
    Figure 7. Digital Remittance Consumption Value Market Share by End User in 2022
    Figure 8. Personal Customers Picture
    Figure 9. Micro and Small Businesses Picture
    Figure 10. Global Digital Remittance Consumption Value, (USD Million): 2018 & 2022 & 2029
    Figure 11. Global Digital Remittance Consumption Value and Forecast (2018-2029) & (USD Million)
    Figure 12. Global Market Digital Remittance Consumption Value (USD Million) Comparison by Region (2018 & 2022 & 2029)
    Figure 13. Global Digital Remittance Consumption Value Market Share by Region (2018-2029)
    Figure 14. Global Digital Remittance Consumption Value Market Share by Region in 2022
    Figure 15. North America Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 16. Europe Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 17. Asia-Pacific Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 18. South America Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 19. Middle East and Africa Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 20. Global Digital Remittance Revenue Share by Players in 2022
    Figure 21. Digital Remittance Market Share by Company Type (Tier 1, Tier 2 and Tier 3) in 2022
    Figure 22. Global Top 3 Players Digital Remittance Market Share in 2022
    Figure 23. Global Top 6 Players Digital Remittance Market Share in 2022
    Figure 24. Global Digital Remittance Consumption Value Share by Provider (2018-2023)
    Figure 25. Global Digital Remittance Market Share Forecast by Provider (2024-2029)
    Figure 26. Global Digital Remittance Consumption Value Share by End User (2018-2023)
    Figure 27. Global Digital Remittance Market Share Forecast by End User (2024-2029)
    Figure 28. North America Digital Remittance Consumption Value Market Share by Provider (2018-2029)
    Figure 29. North America Digital Remittance Consumption Value Market Share by End User (2018-2029)
    Figure 30. North America Digital Remittance Consumption Value Market Share by Country (2018-2029)
    Figure 31. United States Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 32. Canada Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 33. Mexico Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 34. Europe Digital Remittance Consumption Value Market Share by Provider (2018-2029)
    Figure 35. Europe Digital Remittance Consumption Value Market Share by End User (2018-2029)
    Figure 36. Europe Digital Remittance Consumption Value Market Share by Country (2018-2029)
    Figure 37. Germany Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 38. France Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 39. United Kingdom Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 40. Russia Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 41. Italy Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 42. Asia-Pacific Digital Remittance Consumption Value Market Share by Provider (2018-2029)
    Figure 43. Asia-Pacific Digital Remittance Consumption Value Market Share by End User (2018-2029)
    Figure 44. Asia-Pacific Digital Remittance Consumption Value Market Share by Region (2018-2029)
    Figure 45. China Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 46. Japan Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 47. South Korea Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 48. India Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 49. Southeast Asia Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 50. Australia Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 51. South America Digital Remittance Consumption Value Market Share by Provider (2018-2029)
    Figure 52. South America Digital Remittance Consumption Value Market Share by End User (2018-2029)
    Figure 53. South America Digital Remittance Consumption Value Market Share by Country (2018-2029)
    Figure 54. Brazil Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 55. Argentina Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 56. Middle East and Africa Digital Remittance Consumption Value Market Share by Provider (2018-2029)
    Figure 57. Middle East and Africa Digital Remittance Consumption Value Market Share by End User (2018-2029)
    Figure 58. Middle East and Africa Digital Remittance Consumption Value Market Share by Country (2018-2029)
    Figure 59. Turkey Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 60. Saudi Arabia Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 61. UAE Digital Remittance Consumption Value (2018-2029) & (USD Million)
    Figure 62. Digital Remittance Market Drivers
    Figure 63. Digital Remittance Market Restraints
    Figure 64. Digital Remittance Market Trends
    Figure 65. Porters Five Forces Analysis
    Figure 66. Manufacturing Cost Structure Analysis of Digital Remittance in 2022
    Figure 67. Manufacturing Process Analysis of Digital Remittance
    Figure 68. Digital Remittance Industrial Chain
    Figure 69. Methodology
    Figure 70. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

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