Global Digital Remittance Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
The Global Digital Remittance Market is expected to grow from USD 1,967.58 Million in 2018 to USD 9,481.56 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 25.18%.
The positioning of the Global Digital Remittance Market vendors in FPNV Positioning Matrix are determined by Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) and placed into four quadrants (F: Forefront, P: Pathfinders, N: Niche, and V: Vital).
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Digital Remittance Market including are MoneyGram International, Inc., PayPal Holdings, Inc., Ria Financial Services Ltd., The Western Union Company, WorldRemit Ltd., Azimo Limited, coins.ph Pte. Ltd., Digital Wallet Corporation, InstaReM PTE limited, OrbitRemit Global Money Transfer Limited, Remitly, Inc., TNG Limited, Toastme Pte Limited, TransferGo Ltd., and TransferWise Ltd..
On the basis of Remittance Channel, the Global Digital Remittance Market is studied across Banks Digital Remittance and Digital Money Transfer Operators.
On the basis of Remittance Type, the Global Digital Remittance Market is studied across Inward Digital Remittance and Outward Digital Remittance.
On the basis of End User, the Global Digital Remittance Market is studied across Business and Personal.
For the detailed coverage of the study, the market has been geographically divided into the Americas, Asia-Pacific, and Europe, Middle East & Africa. The report provides details of qualitative and quantitative insights about the major countries in the region and taps the major regional developments in detail.
In the report, we have covered two proprietary models, the FPNV Positioning Matrix and Competitive Strategic Window. The FPNV Positioning Matrix analyses the competitive market place for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.
Research Methodology:
Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified influential factors around which assumptions about the market are made. These assumptions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people. Market forecasting derived from in-depth understanding attained from future market spending patterns provides quantified insight to support your decision-making process. The interview is recorded, and the information gathered in put on the drawing board with the information collected through secondary research.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Digital Remittance Market
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Digital Remittance Market
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Digital Remittance Market
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Digital Remittance Market
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Digital Remittance Market
The report answers questions such as:
1. What is the market size of Digital Remittance market in the Global?
2. What are the factors that affect the growth in the Global Digital Remittance Market over the forecast period?
3. What is the competitive position in the Global Digital Remittance Market?
4. Which are the best product areas to be invested in over the forecast period in the Global Digital Remittance Market?
5. What are the opportunities in the Global Digital Remittance Market?
6. What are the modes of entering the Global Digital Remittance Market?
The positioning of the Global Digital Remittance Market vendors in FPNV Positioning Matrix are determined by Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) and placed into four quadrants (F: Forefront, P: Pathfinders, N: Niche, and V: Vital).
The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global Digital Remittance Market including are MoneyGram International, Inc., PayPal Holdings, Inc., Ria Financial Services Ltd., The Western Union Company, WorldRemit Ltd., Azimo Limited, coins.ph Pte. Ltd., Digital Wallet Corporation, InstaReM PTE limited, OrbitRemit Global Money Transfer Limited, Remitly, Inc., TNG Limited, Toastme Pte Limited, TransferGo Ltd., and TransferWise Ltd..
On the basis of Remittance Channel, the Global Digital Remittance Market is studied across Banks Digital Remittance and Digital Money Transfer Operators.
On the basis of Remittance Type, the Global Digital Remittance Market is studied across Inward Digital Remittance and Outward Digital Remittance.
On the basis of End User, the Global Digital Remittance Market is studied across Business and Personal.
For the detailed coverage of the study, the market has been geographically divided into the Americas, Asia-Pacific, and Europe, Middle East & Africa. The report provides details of qualitative and quantitative insights about the major countries in the region and taps the major regional developments in detail.
In the report, we have covered two proprietary models, the FPNV Positioning Matrix and Competitive Strategic Window. The FPNV Positioning Matrix analyses the competitive market place for the players in terms of product satisfaction and business strategy they adopt to sustain in the market. The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisitions strategies, geography expansion, research & development, new product introduction strategies to execute further business expansion and growth.
Research Methodology:
Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified influential factors around which assumptions about the market are made. These assumptions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people. Market forecasting derived from in-depth understanding attained from future market spending patterns provides quantified insight to support your decision-making process. The interview is recorded, and the information gathered in put on the drawing board with the information collected through secondary research.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the Global Digital Remittance Market
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the Global Digital Remittance Market
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the Global Digital Remittance Market
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the Global Digital Remittance Market
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the Global Digital Remittance Market
The report answers questions such as:
1. What is the market size of Digital Remittance market in the Global?
2. What are the factors that affect the growth in the Global Digital Remittance Market over the forecast period?
3. What is the competitive position in the Global Digital Remittance Market?
4. Which are the best product areas to be invested in over the forecast period in the Global Digital Remittance Market?
5. What are the opportunities in the Global Digital Remittance Market?
6. What are the modes of entering the Global Digital Remittance Market?
1. PREFACE
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. RESEARCH & FORECASTING
2.1. Research Methodology
2.1.1. Research Process
2.1.2. Research Framework
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.2. Forecasting Methodology
2.3. Research Outcome
2.3.1. 360iResearch Competitive Strategic Window
2.3.1.1. Leverage Zone
2.3.1.2. Vantage Zone
2.3.1.3. Speculative Zone
2.3.1.4. Bottleneck Zone
2.3.2. 360iResearch FPNV Positioning Matrix
2.3.2.1. 360iResearch Quadrants
2.3.2.1.1. Forefront
2.3.2.1.2. Pathfinders
2.3.2.1.3. Niche
2.3.2.1.4. Vital
2.3.2.2. Business Strategy
2.3.2.2.1. Business Growth
2.3.2.2.2. Industry Coverage
2.3.2.2.3. Financial Viability
2.3.2.2.4. Channel Support
2.3.2.3. Product Satisfaction
2.3.2.3.1. Value for Money
2.3.2.3.2. Ease of Use
2.3.2.3.3. Product Features
2.3.2.3.4. Customer Support
3. EXECUTIVE SUMMARY
3.1. Outlook in the Digital Remittance Market
3.1.1. The emergence of Distributed Ledger Technology and Society for Worldwide Interbank Financial Telecommunications (SWIFT)’s global payment innovation platform has transformed cross-border payments, enabling transactions within minutes.
3.1.2. According to World Bank, Remittances to low- and middle-income countries reached a record high in 2018
3.1.3. The Americas represented 63.15% of the overall digital remittance market in 2017
3.1.4. The significant growth in digital remittance market is attributed to the fact that leading vendors are focusing to expand their business in South American, South Asia, Eastern Europe, and MEA.
3.1.5. BNM nod for Moneymatch to conduct digital remittance services
3.2. Opportunities in the Digital Remittance Market
4. PREMIUM INSIGHT
4.1. Market Connectivity
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Rising digitization and smartphone usage
4.2.1.2. Adoption of transparent and secure banking and financial services
4.2.1.3. Increase in migrants remission
4.2.1.4. Reduced Remittance Cost and transfer time
4.2.2. Restraints
4.2.2.1. Inadequate infrastructure and connectivity
4.2.2.2. Cybersecurity concern
4.2.3. Opportunities
4.2.3.1. Increase of internet usage
4.2.3.2. Technology Innovation
4.2.3.3. Focus on customer satisfaction
4.2.3.4. Influence of Blockchain Technology
4.2.4. Challenges
4.2.4.1. Lack of awareness and guidance
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Customers
4.3.4. Bargaining Power of Suppliers
4.3.5. Industry Rivalry
4.4. Industry Trends
5. GLOBAL DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL
5.1. Overview
5.2. Market Sizing & Forecasting
5.3. Banks Digital Remittance
5.4. Digital Money Transfer Operators
6. GLOBAL DIGITAL REMITTANCE MARKET, BY REMITTANCE TYPE
6.1. Overview
6.2. Market Sizing & Forecasting
6.3. Inward Digital Remittance
6.4. Outward Digital Remittance
7. GLOBAL DIGITAL REMITTANCE MARKET, BY END USER
7.1. Overview
7.2. Market Sizing & Forecasting
7.3. Business
7.4. Personal
8. GLOBAL DIGITAL REMITTANCE MARKET, BY GEOGRAPHY
8.1. Overview
8.2. Market Sizing & Forecasting
8.3. Americas
8.3.1. Overview
8.3.2. Market Sizing & Forecasting
8.3.3. Argentina
8.3.4. Brazil
8.3.5. Canada
8.3.6. Mexico
8.3.7. United States
8.4. Asia-Pacific
8.4.1. Overview
8.4.2. Market Sizing & Forecasting
8.4.3. Australia
8.4.4. China
8.4.5. India
8.4.6. Japan
8.5. Europe, Middle East & Africa
8.5.1. Overview
8.5.2. Market Sizing & Forecasting
8.5.3. France
8.5.4. Germany
8.5.5. Italy
8.5.6. Spain
8.5.7. United Kingdom
9. COMPETITIVE LANDSCAPE
9.1. 360iResearch FPNV Positioning Matrix for Global Digital Remittance Market
9.2. Market Vendor Ranking Analysis for Global Digital Remittance Market
9.3. Competitive News Feed Analysis for Global Digital Remittance Market
10. COMPANY USABILITY PROFILES
10.1. MoneyGram International, Inc.
10.1.1. Overview
10.1.2. Strategy
10.1.3. SWOT
10.2. PayPal Holdings, Inc.
10.2.1. Overview
10.2.2. Strategy
10.2.3. SWOT
10.3. Ria Financial Services Ltd.
10.3.1. Overview
10.3.2. Strategy
10.3.3. SWOT
10.4. The Western Union Company
10.4.1. Overview
10.4.2. Strategy
10.4.3. SWOT
10.5. WorldRemit Ltd.
10.5.1. Overview
10.5.2. Strategy
10.5.3. SWOT
10.6. Azimo Limited
10.7. Digital Wallet Corporation
10.8. InstaReM PTE limited
10.9. OrbitRemit Global Money Transfer Limited
10.10. Remitly, Inc.
10.11. TNG Limited
10.12. Toastme Pte Limited
10.13. TransferGo Ltd.
10.14. TransferWise Ltd.
10.15. coins.ph Pte. Ltd.
11. APPENDIX
11.1. Discussion Guide
11.2. Top Reports
11.2.1. Global Crane Rental Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
11.2.2. Global Computer Vision Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
11.2.3. Global Payment Gateway Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
11.2.4. Global B2B Travel Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
11.2.5. Global Varicose Vein Treatment Devices Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
11.3. Author Details
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. RESEARCH & FORECASTING
2.1. Research Methodology
2.1.1. Research Process
2.1.2. Research Framework
2.1.3. Research Reliability & Validity
2.1.4. Research Assumptions
2.2. Forecasting Methodology
2.3. Research Outcome
2.3.1. 360iResearch Competitive Strategic Window
2.3.1.1. Leverage Zone
2.3.1.2. Vantage Zone
2.3.1.3. Speculative Zone
2.3.1.4. Bottleneck Zone
2.3.2. 360iResearch FPNV Positioning Matrix
2.3.2.1. 360iResearch Quadrants
2.3.2.1.1. Forefront
2.3.2.1.2. Pathfinders
2.3.2.1.3. Niche
2.3.2.1.4. Vital
2.3.2.2. Business Strategy
2.3.2.2.1. Business Growth
2.3.2.2.2. Industry Coverage
2.3.2.2.3. Financial Viability
2.3.2.2.4. Channel Support
2.3.2.3. Product Satisfaction
2.3.2.3.1. Value for Money
2.3.2.3.2. Ease of Use
2.3.2.3.3. Product Features
2.3.2.3.4. Customer Support
3. EXECUTIVE SUMMARY
3.1. Outlook in the Digital Remittance Market
3.1.1. The emergence of Distributed Ledger Technology and Society for Worldwide Interbank Financial Telecommunications (SWIFT)’s global payment innovation platform has transformed cross-border payments, enabling transactions within minutes.
3.1.2. According to World Bank, Remittances to low- and middle-income countries reached a record high in 2018
3.1.3. The Americas represented 63.15% of the overall digital remittance market in 2017
3.1.4. The significant growth in digital remittance market is attributed to the fact that leading vendors are focusing to expand their business in South American, South Asia, Eastern Europe, and MEA.
3.1.5. BNM nod for Moneymatch to conduct digital remittance services
3.2. Opportunities in the Digital Remittance Market
4. PREMIUM INSIGHT
4.1. Market Connectivity
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Rising digitization and smartphone usage
4.2.1.2. Adoption of transparent and secure banking and financial services
4.2.1.3. Increase in migrants remission
4.2.1.4. Reduced Remittance Cost and transfer time
4.2.2. Restraints
4.2.2.1. Inadequate infrastructure and connectivity
4.2.2.2. Cybersecurity concern
4.2.3. Opportunities
4.2.3.1. Increase of internet usage
4.2.3.2. Technology Innovation
4.2.3.3. Focus on customer satisfaction
4.2.3.4. Influence of Blockchain Technology
4.2.4. Challenges
4.2.4.1. Lack of awareness and guidance
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Customers
4.3.4. Bargaining Power of Suppliers
4.3.5. Industry Rivalry
4.4. Industry Trends
5. GLOBAL DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL
5.1. Overview
5.2. Market Sizing & Forecasting
5.3. Banks Digital Remittance
5.4. Digital Money Transfer Operators
6. GLOBAL DIGITAL REMITTANCE MARKET, BY REMITTANCE TYPE
6.1. Overview
6.2. Market Sizing & Forecasting
6.3. Inward Digital Remittance
6.4. Outward Digital Remittance
7. GLOBAL DIGITAL REMITTANCE MARKET, BY END USER
7.1. Overview
7.2. Market Sizing & Forecasting
7.3. Business
7.4. Personal
8. GLOBAL DIGITAL REMITTANCE MARKET, BY GEOGRAPHY
8.1. Overview
8.2. Market Sizing & Forecasting
8.3. Americas
8.3.1. Overview
8.3.2. Market Sizing & Forecasting
8.3.3. Argentina
8.3.4. Brazil
8.3.5. Canada
8.3.6. Mexico
8.3.7. United States
8.4. Asia-Pacific
8.4.1. Overview
8.4.2. Market Sizing & Forecasting
8.4.3. Australia
8.4.4. China
8.4.5. India
8.4.6. Japan
8.5. Europe, Middle East & Africa
8.5.1. Overview
8.5.2. Market Sizing & Forecasting
8.5.3. France
8.5.4. Germany
8.5.5. Italy
8.5.6. Spain
8.5.7. United Kingdom
9. COMPETITIVE LANDSCAPE
9.1. 360iResearch FPNV Positioning Matrix for Global Digital Remittance Market
9.2. Market Vendor Ranking Analysis for Global Digital Remittance Market
9.3. Competitive News Feed Analysis for Global Digital Remittance Market
10. COMPANY USABILITY PROFILES
10.1. MoneyGram International, Inc.
10.1.1. Overview
10.1.2. Strategy
10.1.3. SWOT
10.2. PayPal Holdings, Inc.
10.2.1. Overview
10.2.2. Strategy
10.2.3. SWOT
10.3. Ria Financial Services Ltd.
10.3.1. Overview
10.3.2. Strategy
10.3.3. SWOT
10.4. The Western Union Company
10.4.1. Overview
10.4.2. Strategy
10.4.3. SWOT
10.5. WorldRemit Ltd.
10.5.1. Overview
10.5.2. Strategy
10.5.3. SWOT
10.6. Azimo Limited
10.7. Digital Wallet Corporation
10.8. InstaReM PTE limited
10.9. OrbitRemit Global Money Transfer Limited
10.10. Remitly, Inc.
10.11. TNG Limited
10.12. Toastme Pte Limited
10.13. TransferGo Ltd.
10.14. TransferWise Ltd.
10.15. coins.ph Pte. Ltd.
11. APPENDIX
11.1. Discussion Guide
11.2. Top Reports
11.2.1. Global Crane Rental Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
11.2.2. Global Computer Vision Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
11.2.3. Global Payment Gateway Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
11.2.4. Global B2B Travel Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
11.2.5. Global Varicose Vein Treatment Devices Market - Premium Insight, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025
11.3. Author Details
