Saudi Arabia Remittance Sector Analysed by Ken Research in Topical Report Published at MarketPublishers.com21 Jan 2015 • by Natalie Aster
LONDON – The remittance outflows from the Kingdom of Saudi Arabia (KSA) picked up the pace in 2013 when huge sums of money were transferred by the expatriates living in Saudi Arabia to their native countries, as concerns about deportation and discriminatory laws against migrants motivated them to move their earned money from the country.
The volume of outbound remittance transactions in the KSA is expected to increase at a CAGR of just under 5.5% through to 2018. With the emergence of various money transfer operators (MTOs) and banks offering remittance services, the number of formal channels for sending money is expected to increase, compromising the use of informal methods of value transfer such as Hawala. Banks are likely to remain the favoured platform to send sending remittances by the expatriate population present in Saudi Arabia, contributing the lion’s share of the total remittance flows in the offing.
Topical report “KSA International Outbound Remittance Industry Outlook to 2018 - Rising Remittances to India to Fuel Growth” prepared by Ken Research analyses the remittance sector in Saudi Arabia. It provides data on the market size of the KSA remittance industry, covers transaction volumes and the number of outbound transactions. The study provides detailed market segmentation based on bank and non bank channels; reviews channel, key flow corridors, methods of delivery and remittances performed by Saudi nationals and non-Saudis. It gives details about the migrants in the KSA country-wise, examines the occupational structure of migrants, identifies the drivers of the country’s remittance market, discusses services and products provided by the nation’s MTOs and major banks, and investigates the macroeconomic factors having a bearing on the transaction volume in the domestic remittance market. The research publication examines the competitive landscape of the leading banks and MTOs involved in delivering money transfer services across the country, covers their remittance income and market shares. Furthermore, granular forecasts of the market based on transaction volume through to 2018 are included.
KSA International Outbound Remittance Industry Outlook to 2018 - Rising Remittances to India to Fuel Growth
Published: September, 2014
Price: US$ 1,100.00
More topical studies by the publisher can be found at Ken Research page.