Digital Remittance Market Overview

A digital channel for remittances could potentially eliminate the need for costly agent networks and physical agent locations by arriving directly to a customer’s computer, laptop or (now) mobile device of choice.

COVID-19 Impact on Digital Remittance:

The World Health Organization declared the COVID-19 virus outbreak in December 2019 to be a public health emergency. The disease has spread to over 100 nations and resulted in tremendous deaths all across the world. Global industrial, tourism and financial markets have been particularly heavily damaged. The downward pressure on the global economy, which had previously shown signs of recovery, has grown once more. The spread of the virus has added dangerous factors to the global economy's already sluggish development. Various international agencies have stated that the global economy is experiencing its most difficult moment since the financial crisis. The global economic situation is bleak. The global economic situation is bleak. The coronavirus's negative global effects are already evident, and they will have a considerable impact on the Digital Remittance in 2020.

Market Segments

The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period 2016-2027. The specialists, to broaden the understanding of the users, have done value chain and raw material analysis in this section.

By Product Type, Digital Remittance has been segmented into:

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Regions and Countries Level Analysis:

North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa were the regions analyzed by the experts. This section contains data about each region's and country's potential for growth. This data will aid players in identifying lucrative places and planning their future activities and investments accordingly. The market size and demand numbers for each region and country for the period 2016-2020 will also be available to the readers.

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Competitive Outlook

The analysts have conducted a thorough examination of the major competitors in the market and the methods they are employing to combat the strong competition in this section of the report. This section also includes company profiles and share analyses for the major companies. In addition, the experts conducted a comprehensive SWOT analysis of each player. They've also published manufacturers' sales and revenue data for the years 2016 through 2021. With the help of this report, key players, stakeholders, and other participants will be able to remain on top of recent and upcoming business changes, allowing them to make more informed decisions.

Table of Content

1 Market Overview

1.1 Product Definition and Market Characteristics

1.2 Global Digital Remittance Market Size

1.3 Market Segmentation

1.4 Global Macroeconomic Analysis

1.5 SWOT Analysis

2. Market Dynamics

2.1 Market Drivers

2.2 Market Constraints and Challenges

2.3 Emerging Market Trends

2.4 Impact of COVID-19

2.4.1 Short-term Impact

2.4.2 Long-term Impact

3 Associated Industry Assessment

3.1 Supply Chain Analysis

3.2 Industry Active Participants

3.2.1 Suppliers of Raw Materials

3.2.2 Key Distributors/Retailers

3.3 Alternative Analysis

3.4 The Impact of Covid-19 From the Perspective of Industry Chain

4 Market Competitive Landscape

4.1 Industry Leading Players

4.2 Industry News

4.2.1 Key Product Launch News

4.2.2 M&A and Expansion Plans

5 Analysis of Leading Companies

5.1 Banco Rendimento

5.1.1 Banco Rendimento Company Profile

5.1.2 Banco Rendimento Business Overview

5.1.3 Banco Rendimento Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.1.4 Banco Rendimento Digital Remittance Products Introduction

5.2 WorldRemit

5.2.1 WorldRemit Company Profile

5.2.2 WorldRemit Business Overview

5.2.3 WorldRemit Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.2.4 WorldRemit Digital Remittance Products Introduction

5.3 Remitly

5.3.1 Remitly Company Profile

5.3.2 Remitly Business Overview

5.3.3 Remitly Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.3.4 Remitly Digital Remittance Products Introduction

5.4 Transfast

5.4.1 Transfast Company Profile

5.4.2 Transfast Business Overview

5.4.3 Transfast Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.4.4 Transfast Digital Remittance Products Introduction

5.5 Pangea USA, LLC

5.5.1 Pangea USA, LLC Company Profile

5.5.2 Pangea USA, LLC Business Overview

5.5.3 Pangea USA, LLC Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.5.4 Pangea USA, LLC Digital Remittance Products Introduction

5.6 Ria Financial

5.6.1 Ria Financial Company Profile

5.6.2 Ria Financial Business Overview

5.6.3 Ria Financial Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.6.4 Ria Financial Digital Remittance Products Introduction

5.7 Xendpay Ltd

5.7.1 Xendpay Ltd Company Profile

5.7.2 Xendpay Ltd Business Overview

5.7.3 Xendpay Ltd Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.7.4 Xendpay Ltd Digital Remittance Products Introduction

5.8 TransferWise

5.8.1 TransferWise Company Profile

5.8.2 TransferWise Business Overview

5.8.3 TransferWise Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.8.4 TransferWise Digital Remittance Products Introduction

5.9 MoneyGram

5.9.1 MoneyGram Company Profile

5.9.2 MoneyGram Business Overview

5.9.3 MoneyGram Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.9.4 MoneyGram Digital Remittance Products Introduction

5.10 Xoom

5.10.1 Xoom Company Profile

5.10.2 Xoom Business Overview

5.10.3 Xoom Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.10.4 Xoom Digital Remittance Products Introduction

5.11 The Post Office

5.11.1 The Post Office Company Profile

5.11.2 The Post Office Business Overview

5.11.3 The Post Office Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.11.4 The Post Office Digital Remittance Products Introduction

5.12 Flywire

5.12.1 Flywire Company Profile

5.12.2 Flywire Business Overview

5.12.3 Flywire Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.12.4 Flywire Digital Remittance Products Introduction

5.13 Western Union

5.13.1 Western Union Company Profile

5.13.2 Western Union Business Overview

5.13.3 Western Union Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.13.4 Western Union Digital Remittance Products Introduction

5.14 BDO Corporate

5.14.1 BDO Corporate Company Profile

5.14.2 BDO Corporate Business Overview

5.14.3 BDO Corporate Digital Remittance Sales, Revenue, Average Selling Price and Gross Margin (2015-2020)

5.14.4 BDO Corporate Digital Remittance Products Introduction

6 Market Analysis and Forecast, By Product Types

6.1 Global Digital Remittance Sales, Revenue and Market Share by Types (2015-2020)

6.1.1 Global Digital Remittance Sales and Market Share by Types (2015-2020)

6.1.2 Global Digital Remittance Revenue and Market Share by Types (2015-2020)

6.1.3 Global Digital Remittance Price by Types (2015-2020)

6.2 Global Digital Remittance Market Forecast by Types (2020-2025)

6.2.1 Global Digital Remittance Market Forecast Sales and Market Share by Types (2020-2025)

6.2.2 Global Digital Remittance Market Forecast Revenue and Market Share by Types (2020-2025)

6.3 Global Digital Remittance Sales, Price and Growth Rate by Types (2015-2020)

6.3.1 Global Digital Remittance Sales, Price and Growth Rate of Banks Digital Remittance

6.3.2 Global Digital Remittance Sales, Price and Growth Rate of Digital Money Transfer Operators

6.4 Global Digital Remittance Market Revenue and Sales Forecast, by Types (2020-2025)

6.4.1 Banks Digital Remittance Market Revenue and Sales Forecast (2020-2025)

6.4.2 Digital Money Transfer Operators Market Revenue and Sales Forecast (2020-2025)

7 Market Analysis and Forecast, By Applications

7.1 Global Digital Remittance Sales, Revenue and Market Share by Applications (2015-2020)

7.1.1 Global Digital Remittance Sales and Market Share by Applications (2015-2020)

7.1.2 Global Digital Remittance Revenue and Market Share by Applications (2015-2020)

7.2 Global Digital Remittance Market Forecast by Applications (2020-2025)

7.2.1 Global Digital Remittance Market Forecast Sales and Market Share by Applications (2020-2025)

7.2.2 Global Digital Remittance Market Forecast Revenue and Market Share by Applications (2020-2025)

7.3 Global Revenue, Sales and Growth Rate by Applications (2015-2020)

7.3.1 Global Digital Remittance Revenue, Sales and Growth Rate of Individual Remittances (2015-2020)

7.3.2 Global Digital Remittance Revenue, Sales and Growth Rate of Business Remittances (2015-2020)

7.4 Global Digital Remittance Market Revenue and Sales Forecast, by Applications (2020-2025)

7.4.1 Individual Remittances Market Revenue and Sales Forecast (2020-2025)

7.4.2 Business Remittances Market Revenue and Sales Forecast (2020-2025)

8 Market Analysis and Forecast, By Regions

8.1 Global Digital Remittance Sales by Regions (2015-2020)

8.2 Global Digital Remittance Market Revenue by Regions (2015-2020)

8.3 Global Digital Remittance Market Forecast by Regions (2020-2025)

9 North America Digital Remittance Market Analysis

9.1 Market Overview and Prospect Analysis

9.2 North America Digital Remittance Market Sales and Growth Rate (2015-2020)

9.3 North America Digital Remittance Market Revenue and Growth Rate (2015-2020)

9.4 North America Digital Remittance Market Forecast

9.5 The Influence of COVID-19 on North America Market

9.6 North America Digital Remittance Market Analysis by Country

9.6.1 U.S. Digital Remittance Sales and Growth Rate

9.6.2 Canada Digital Remittance Sales and Growth Rate

9.6.3 Mexico Digital Remittance Sales and Growth Rate

10 Europe Digital Remittance Market Analysis

10.1 Market Overview and Prospect Analysis

10.2 Europe Digital Remittance Market Sales and Growth Rate (2015-2020)

10.3 Europe Digital Remittance Market Revenue and Growth Rate (2015-2020)

10.4 Europe Digital Remittance Market Forecast

10.5 The Influence of COVID-19 on Europe Market

10.6 Europe Digital Remittance Market Analysis by Country

10.6.1 Germany Digital Remittance Sales and Growth Rate

10.6.2 United Kingdom Digital Remittance Sales and Growth Rate

10.6.3 France Digital Remittance Sales and Growth Rate

10.6.4 Italy Digital Remittance Sales and Growth Rate

10.6.5 Spain Digital Remittance Sales and Growth Rate

10.6.6 Russia Digital Remittance Sales and Growth Rate

11 Asia-Pacific Digital Remittance Market Analysis

11.1 Market Overview and Prospect Analysis

11.2 Asia-Pacific Digital Remittance Market Sales and Growth Rate (2015-2020)

11.3 Asia-Pacific Digital Remittance Market Revenue and Growth Rate (2015-2020)

11.4 Asia-Pacific Digital Remittance Market Forecast

11.5 The Influence of COVID-19 on Asia Pacific Market

11.6 Asia-Pacific Digital Remittance Market Analysis by Country

11.6.1 China Digital Remittance Sales and Growth Rate

11.6.2 Japan Digital Remittance Sales and Growth Rate

11.6.3 South Korea Digital Remittance Sales and Growth Rate

11.6.4 Australia Digital Remittance Sales and Growth Rate

11.6.5 India Digital Remittance Sales and Growth Rate

12 South America Digital Remittance Market Analysis

12.1 Market Overview and Prospect Analysis

12.2 South America Digital Remittance Market Sales and Growth Rate (2015-2020)

12.3 South America Digital Remittance Market Revenue and Growth Rate (2015-2020)

12.4 South America Digital Remittance Market Forecast

12.5 The Influence of COVID-19 on South America Market

12.6 South America Digital Remittance Market Analysis by Country

12.6.1 Brazil Digital Remittance Sales and Growth Rate

12.6.2 Argentina Digital Remittance Sales and Growth Rate

12.6.3 Columbia Digital Remittance Sales and Growth Rate

13 Middle East and Africa Digital Remittance Market Analysis

13.1 Market Overview and Prospect Analysis

13.2 Middle East and Africa Digital Remittance Market Sales and Growth Rate (2015-2020)

13.3 Middle East and Africa Digital Remittance Market Revenue and Growth Rate (2015-2020)

13.4 Middle East and Africa Digital Remittance Market Forecast

13.5 The Influence of COVID-19 on Middle East and Africa Market

13.6 Middle East and Africa Digital Remittance Market Analysis by Country

13.6.1 UAE Digital Remittance Sales and Growth Rate

13.6.2 Egypt Digital Remittance Sales and Growth Rate

13.6.3 South Africa Digital Remittance Sales and Growth Rate

14 Conclusions and Recommendations

14.1 Key Market Findings and Prospects

14.2 Advice for Investors

15 Appendix

15.1 Methodology

15.2 Research Data Source

List of Tables and Figures

Figure Product Picture

Figure Global Digital Remittance Market Size and Growth Rate 2015-2025

Table Digital Remittance Key Market Segments

Figure Global Digital Remittance Market Revenue ($) Segment by Type from 2015-2020

Figure Global Digital Remittance Market Revenue ($) Segment by Applications from 2015-2020

Table SWOT Analysis

Figure Global COVID-19 Status

Figure Supply Chain

Table Major Players Headquarters, and Service Area of Digital Remittance

Table Major Players Revenue in 2019

Figure Major Players Revenue Share in 2019

Table Banco Rendimento Company Profile

Table Banco Rendimento Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure Banco Rendimento Production and Growth Rate

Figure Banco Rendimento Market Revenue ($) Market Share 2015-2020

Table WorldRemit Company Profile

Table WorldRemit Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure WorldRemit Production and Growth Rate

Figure WorldRemit Market Revenue ($) Market Share 2015-2020

Table Remitly Company Profile

Table Remitly Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure Remitly Production and Growth Rate

Figure Remitly Market Revenue ($) Market Share 2015-2020

Table Transfast Company Profile

Table Transfast Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure Transfast Production and Growth Rate

Figure Transfast Market Revenue ($) Market Share 2015-2020

Table Pangea USA, LLC Company Profile

Table Pangea USA, LLC Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure Pangea USA, LLC Production and Growth Rate

Figure Pangea USA, LLC Market Revenue ($) Market Share 2015-2020

Table Ria Financial Company Profile

Table Ria Financial Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure Ria Financial Production and Growth Rate

Figure Ria Financial Market Revenue ($) Market Share 2015-2020

Table Xendpay Ltd Company Profile

Table Xendpay Ltd Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure Xendpay Ltd Production and Growth Rate

Figure Xendpay Ltd Market Revenue ($) Market Share 2015-2020

Table TransferWise Company Profile

Table TransferWise Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure TransferWise Production and Growth Rate

Figure TransferWise Market Revenue ($) Market Share 2015-2020

Table MoneyGram Company Profile

Table MoneyGram Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure MoneyGram Production and Growth Rate

Figure MoneyGram Market Revenue ($) Market Share 2015-2020

Table Xoom Company Profile

Table Xoom Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure Xoom Production and Growth Rate

Figure Xoom Market Revenue ($) Market Share 2015-2020

Table The Post Office Company Profile

Table The Post Office Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure The Post Office Production and Growth Rate

Figure The Post Office Market Revenue ($) Market Share 2015-2020

Table Flywire Company Profile

Table Flywire Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure Flywire Production and Growth Rate

Figure Flywire Market Revenue ($) Market Share 2015-2020

Table Western Union Company Profile

Table Western Union Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure Western Union Production and Growth Rate

Figure Western Union Market Revenue ($) Market Share 2015-2020

Table BDO Corporate Company Profile

Table BDO Corporate Sales, Revenue (US$ Million), Average Selling Price and Gross Margin (2015-2020)

Figure BDO Corporate Production and Growth Rate

Figure BDO Corporate Market Revenue ($) Market Share 2015-2020

Table Global Digital Remittance Sales by Types (2015-2020)

Table Global Digital Remittance Sales Share by Types (2015-2020)

Table Global Digital Remittance Revenue ($) by Types (2015-2020)

Table Global Digital Remittance Revenue Share by Types (2015-2020)

Table Global Digital Remittance Price ($) by Types (2015-2020)

Table Global Digital Remittance Market Forecast Sales by Types (2020-2025)

Table Global Digital Remittance Market Forecast Sales Share by Types (2020-2025)

Table Global Digital Remittance Market Forecast Revenue ($) by Types (2020-2025)

Table Global Digital Remittance Market Forecast Revenue Share by Types (2020-2025)

Figure Global Banks Digital Remittance Sales and Growth Rate (2015-2020)

Figure Global Banks Digital Remittance Price (2015-2020)

Figure Global Digital Money Transfer Operators Sales and Growth Rate (2015-2020)

Figure Global Digital Money Transfer Operators Price (2015-2020)

Figure Global Digital Remittance Market Revenue ($) and Growth Rate Forecast of Banks Digital Remittance (2020-2025)

Figure Global Digital Remittance Sales and Growth Rate Forecast of Banks Digital Remittance (2020-2025)

Figure Global Digital Remittance Market Revenue ($) and Growth Rate Forecast of Digital Money Transfer Operators (2020-2025)

Figure Global Digital Remittance Sales and Growth Rate Forecast of Digital Money Transfer Operators (2020-2025)

Table Global Digital Remittance Sales by Applications (2015-2020)

Table Global Digital Remittance Sales Share by Applications (2015-2020)

Table Global Digital Remittance Revenue ($) by Applications (2015-2020)

Table Global Digital Remittance Revenue Share by Applications (2015-2020)

Table Global Digital Remittance Market Forecast Sales by Applications (2020-2025)

Table Global Digital Remittance Market Forecast Sales Share by Applications (2020-2025)

Table Global Digital Remittance Market Forecast Revenue ($) by Applications (2020-2025)

Table Global Digital Remittance Market Forecast Revenue Share by Applications (2020-2025)

Figure Global Individual Remittances Sales and Growth Rate (2015-2020)

Figure Global Individual Remittances Price (2015-2020)

Figure Global Business Remittances Sales and Growth Rate (2015-2020)

Figure Global Business Remittances Price (2015-2020)

Figure Global Digital Remittance Market Revenue ($) and Growth Rate Forecast of Individual Remittances (2020-2025)

Figure Global Digital Remittance Sales and Growth Rate Forecast of Individual Remittances (2020-2025)

Figure Global Digital Remittance Market Revenue ($) and Growth Rate Forecast of Business Remittances (2020-2025)

Figure Global Digital Remittance Sales and Growth Rate Forecast of Business Remittances (2020-2025)

Figure Global Digital Remittance Sales and Growth Rate (2015-2020)

Table Global Digital Remittance Sales by Regions (2015-2020)

Table Global Digital Remittance Sales Market Share by Regions (2015-2020)

Figure Global Digital Remittance Sales Market Share by Regions in 2019

Figure Global Digital Remittance Revenue and Growth Rate (2015-2020)

Table Global Digital Remittance Revenue by Regions (2015-2020)

Table Global Digital Remittance Revenue Market Share by Regions (2015-2020)

Figure Global Digital Remittance Revenue Market Share by Regions in 2019

Table Global Digital Remittance Market Forecast Sales by Regions (2020-2025)

Table Global Digital Remittance Market Forecast Sales Share by Regions (2020-2025)

Table Global Digital Remittance Market Forecast Revenue ($) by Regions (2020-2025)

Table Global Digital Remittance Market Forecast Revenue Share by Regions (2020-2025)

Figure North America Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure North America Digital Remittance Market Revenue and Growth Rate (2015-2020)

Figure North America Digital Remittance Market Forecast Sales (2020-2025)

Figure North America Digital Remittance Market Forecast Revenue ($) (2020-2025)

Figure North America COVID-19 Status

Figure U.S. Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Canada Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Mexico Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Europe Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Europe Digital Remittance Market Revenue and Growth Rate (2015-2020)

Figure Europe Digital Remittance Market Forecast Sales (2020-2025)

Figure Europe Digital Remittance Market Forecast Revenue ($) (2020-2025)

Figure Europe COVID-19 Status

Figure Germany Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure United Kingdom Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure France Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Italy Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Spain Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Russia Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Asia-Pacific Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Asia-Pacific Digital Remittance Market Revenue and Growth Rate (2015-2020)

Figure Asia-Pacific Digital Remittance Market Forecast Sales (2020-2025)

Figure Asia-Pacific Digital Remittance Market Forecast Revenue ($) (2020-2025)

Figure Asia Pacific COVID-19 Status

Figure China Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Japan Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure South Korea Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Australia Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure India Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure South America Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure South America Digital Remittance Market Revenue and Growth Rate (2015-2020)

Figure South America Digital Remittance Market Forecast Sales (2020-2025)

Figure South America Digital Remittance Market Forecast Revenue ($) (2020-2025)

Figure Brazil Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Argentina Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Columbia Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Middle East and Africa Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Middle East and Africa Digital Remittance Market Revenue and Growth Rate (2015-2020)

Figure Middle East and Africa Digital Remittance Market Forecast Sales (2020-2025)

Figure Middle East and Africa Digital Remittance Market Forecast Revenue ($) (2020-2025)

Figure UAE Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure Egypt Digital Remittance Market Sales and Growth Rate (2015-2020)

Figure South Africa Digital Remittance Market Sales and Growth Rate (2015-2020)