Global Digital Remittance Market

Global Digital Remittance Market Research Report 2021

Global Digital Remittance Market

Global Digital Remittance Market Research Report 2021


Insights into the Digital Remittance Market include supply chain optimization, Digital Remittance challenges, and growth forecasts segmented by region and service type.

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Research Predicts that Digital Remittance Market was valued USD xxxx unit in 2020 and is expected to reach USD xxxx Unit by the year 2025, growing at a CAGR of xx% globally.

Global Digital Remittance Market Overview:

Global Digital Remittance Market Report 2020 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2020-2025.This research study of Digital Remittance involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry.

Impact of COVID-19 on Digital Remittance Market

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affected the Digital Remittance market in 2020.

Global Digital Remittance Market Segmentation

By Type, Digital Remittance market has been segmented into:

Banks Digital Remittance

Digital Money Transfer Operators

By Application, Digital Remittance market has been segmented into:

Migrant Labor Workforce

Study Abroad and Travel

Small Businesses

Others

Regional Analysis:

North America (U.S., Canada, Mexico)

Europe (Germany, U.K., France, Italy, Russia, Spain etc.)

Asia-Pacific (China, India, Japan, Southeast Asia etc.)

South America (Brazil, Argentina etc.)

Middle East & Africa (Saudi Arabia, South Africa etc.)

Top Key Players Covered in Digital Remittance market are:

Western Union (WU)

Ria Financial Services

PayPal/Xoom

TransferWise

WorldRemit

MoneyGram

Remitly

Azimo

TransferGo

InstaReM

TNG Wallet

Coins.ph

Toast

OrbitRemit

Smiles/Digital Wallet Corporation

Avenues India Pvt Ltd

FlyRemit

1. Market Overview of Digital Remittance

1.1 Digital Remittance Market Overview

1.1.1 Digital Remittance Product Scope

1.1.2 Market Status and Outlook

1.2 Digital Remittance Market Size by Regions: 2015 VS 2021 VS 2026

1.3 Digital Remittance Historic Market Size by Regions (2015-2020)

1.4 Digital Remittance Forecasted Market Size by Regions (2021-2026)

1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth (2015-2026)

1.5.1 North America

1.5.2 East Asia

1.5.3 Europe

1.5.4 South Asia

1.5.5 Southeast Asia

1.5.6 Middle East

1.5.7 Africa

1.5.8 Oceania

1.5.9 South America

1.5.10 Rest of the World

1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth

1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2021 Projections

1.6.2 Covid-19 Impact: Commodity Prices Indices

1.6.3 Covid-19 Impact: Global Major Government Policy

2. Covid-19 Impact Digital Remittance Sales Market by Type (2015-2026)

2.1 Global Digital Remittance Historic Market Size by Type (2015-2020)

2.2 Global Digital Remittance Forecasted Market Size by Type (2021-2026)

2.3 Banks Digital Remittance

2.4 Digital Money Transfer Operators

3. Covid-19 Impact Digital Remittance Sales Market by Application (2015-2026)

3.1 Global Digital Remittance Historic Market Size by Application (2015-2020)

3.2 Global Digital Remittance Forecasted Market Size by Application (2021-2026)

3.3 Migrant Labor Workforce

3.4 Study Abroad and Travel

3.5 Small Businesses

3.6 Others

4. Covid-19 Impact Market Competition by Manufacturers

4.1 Global Digital Remittance Production Capacity Market Share by Manufacturers (2015-2020)

4.2 Global Digital Remittance Revenue Market Share by Manufacturers (2015-2020)

4.3 Global Digital Remittance Average Price by Manufacturers (2015-2020)

5. Company Profiles and Key Figures in Digital Remittance Business

5.1 Western Union (WU)

5.1.1 Western Union (WU) Company Profile

5.1.2 Western Union (WU) Digital Remittance Product Specification

5.1.3 Western Union (WU) Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.2 Ria Financial Services

5.2.1 Ria Financial Services Company Profile

5.2.2 Ria Financial Services Digital Remittance Product Specification

5.2.3 Ria Financial Services Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.3 PayPal/Xoom

5.3.1 PayPal/Xoom Company Profile

5.3.2 PayPal/Xoom Digital Remittance Product Specification

5.3.3 PayPal/Xoom Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.4 TransferWise

5.4.1 TransferWise Company Profile

5.4.2 TransferWise Digital Remittance Product Specification

5.4.3 TransferWise Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.5 WorldRemit

5.5.1 WorldRemit Company Profile

5.5.2 WorldRemit Digital Remittance Product Specification

5.5.3 WorldRemit Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.6 MoneyGram

5.6.1 MoneyGram Company Profile

5.6.2 MoneyGram Digital Remittance Product Specification

5.6.3 MoneyGram Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.7 Remitly

5.7.1 Remitly Company Profile

5.7.2 Remitly Digital Remittance Product Specification

5.7.3 Remitly Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.8 Azimo

5.8.1 Azimo Company Profile

5.8.2 Azimo Digital Remittance Product Specification

5.8.3 Azimo Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.9 TransferGo

5.9.1 TransferGo Company Profile

5.9.2 TransferGo Digital Remittance Product Specification

5.9.3 TransferGo Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.10 InstaReM

5.10.1 InstaReM Company Profile

5.10.2 InstaReM Digital Remittance Product Specification

5.10.3 InstaReM Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.11 TNG Wallet

5.11.1 TNG Wallet Company Profile

5.11.2 TNG Wallet Digital Remittance Product Specification

5.11.3 TNG Wallet Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.12 Coins.ph

5.12.1 Coins.ph Company Profile

5.12.2 Coins.ph Digital Remittance Product Specification

5.12.3 Coins.ph Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.13 Toast

5.13.1 Toast Company Profile

5.13.2 Toast Digital Remittance Product Specification

5.13.3 Toast Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.14 OrbitRemit

5.14.1 OrbitRemit Company Profile

5.14.2 OrbitRemit Digital Remittance Product Specification

5.14.3 OrbitRemit Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.15 Smiles/Digital Wallet Corporation

5.15.1 Smiles/Digital Wallet Corporation Company Profile

5.15.2 Smiles/Digital Wallet Corporation Digital Remittance Product Specification

5.15.3 Smiles/Digital Wallet Corporation Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.16 Avenues India Pvt Ltd

5.16.1 Avenues India Pvt Ltd Company Profile

5.16.2 Avenues India Pvt Ltd Digital Remittance Product Specification

5.16.3 Avenues India Pvt Ltd Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

5.17 FlyRemit

5.17.1 FlyRemit Company Profile

5.17.2 FlyRemit Digital Remittance Product Specification

5.17.3 FlyRemit Digital Remittance Production Capacity, Revenue, Price and Gross Margin (2015-2020)

6. North America

6.1 North America Digital Remittance Market Size (2015-2026)

6.2 North America Digital Remittance Key Players in North America (2015-2020)

6.3 North America Digital Remittance Market Size by Type (2015-2020)

6.4 North America Digital Remittance Market Size by Application (2015-2020)

7. East Asia

7.1 East Asia Digital Remittance Market Size (2015-2026)

7.2 East Asia Digital Remittance Key Players in North America (2015-2020)

7.3 East Asia Digital Remittance Market Size by Type (2015-2020)

7.4 East Asia Digital Remittance Market Size by Application (2015-2020)

8. Europe

8.1 Europe Digital Remittance Market Size (2015-2026)

8.2 Europe Digital Remittance Key Players in North America (2015-2020)

8.3 Europe Digital Remittance Market Size by Type (2015-2020)

8.4 Europe Digital Remittance Market Size by Application (2015-2020)

9. South Asia

9.1 South Asia Digital Remittance Market Size (2015-2026)

9.2 South Asia Digital Remittance Key Players in North America (2015-2020)

9.3 South Asia Digital Remittance Market Size by Type (2015-2020)

9.4 South Asia Digital Remittance Market Size by Application (2015-2020)

10. Southeast Asia

10.1 Southeast Asia Digital Remittance Market Size (2015-2026)

10.2 Southeast Asia Digital Remittance Key Players in North America (2015-2020)

10.3 Southeast Asia Digital Remittance Market Size by Type (2015-2020)

10.4 Southeast Asia Digital Remittance Market Size by Application (2015-2020)

11. Middle East

11.1 Middle East Digital Remittance Market Size (2015-2026)

11.2 Middle East Digital Remittance Key Players in North America (2015-2020)

11.3 Middle East Digital Remittance Market Size by Type (2015-2020)

11.4 Middle East Digital Remittance Market Size by Application (2015-2020)

12. Africa

12.1 Africa Digital Remittance Market Size (2015-2026)

12.2 Africa Digital Remittance Key Players in North America (2015-2020)

12.3 Africa Digital Remittance Market Size by Type (2015-2020)

12.4 Africa Digital Remittance Market Size by Application (2015-2020)

13. Oceania

13.1 Oceania Digital Remittance Market Size (2015-2026)

13.2 Oceania Digital Remittance Key Players in North America (2015-2020)

13.3 Oceania Digital Remittance Market Size by Type (2015-2020)

13.4 Oceania Digital Remittance Market Size by Application (2015-2020)

14. South America

14.1 South America Digital Remittance Market Size (2015-2026)

14.2 South America Digital Remittance Key Players in North America (2015-2020)

14.3 South America Digital Remittance Market Size by Type (2015-2020)

14.4 South America Digital Remittance Market Size by Application (2015-2020)

15. Rest of the World

15.1 Rest of the World Digital Remittance Market Size (2015-2026)

15.2 Rest of the World Digital Remittance Key Players in North America (2015-2020)

15.3 Rest of the World Digital Remittance Market Size by Type (2015-2020)

15.4 Rest of the World Digital Remittance Market Size by Application (2015-2020)

16 Digital Remittance Market Dynamics

16.1 Covid-19 Impact Market Top Trends

16.2 Covid-19 Impact Market Drivers

16.3 Covid-19 Impact Market Challenges

16.4 Porter’s Five Forces Analysis

18 Regulatory Information

17 Analyst's Viewpoints/Conclusions

18 Appendix

18.1 Research Methodology

18.1.1 Methodology/Research Approach

18.1.2 Data Source

18.2 Disclaimer

Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Digital Remittance Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Who are the dominant players having a strong presence in the Digital Remittance Market?
Some of the finest and top-notch companies pioneering the Digital Remittance Market are Western Union (WU), Ria Financial Services, PayPal/Xoom, TransferWise, WorldRemit, MoneyGram, Remitly, Azimo, TransferGo, InstaReM, TNG Wallet, Coins.ph, Toast, OrbitRemit, Smiles/Digital Wallet Corporation, Avenues India Pvt Ltd, FlyRemit.
How is the competition changing gears in the Digital Remittance Industry?
Emerging markets will create new demands and put pressure on the industry to act quickly. Simultaneously, market players such as Western Union (WU), Ria Financial Services, PayPal/Xoom, TransferWise, WorldRemit, MoneyGram, Remitly, Azimo, TransferGo, InstaReM, TNG Wallet, Coins.ph, Toast, OrbitRemit, Smiles/Digital Wallet Corporation, Avenues India Pvt Ltd, FlyRemit will face challenges from the industry's increasing pace of consolidation, particularly in North America and Europe.
Where are the Digital Remittance used?
The Digital Remittance are employed in Migrant Labor Workforce, Study Abroad and Travel, Small Businesses, Others.
How big is the Digital Remittance Market by 2030?
It is expected that the Digital Remittance Market will reach USD XX million by 2030.
What challenges does the Digital Remittance Market face in the future?
The convergence of various vital triggers, including a major slowdown in Western economies, and some critical points in globalization, leads to the transformation of business in the Digital Remittance Market across the extensive corporate landscape.
What are the top priorities for the growth of the Digital Remittance Market?
In this highly competitive and rapidly evolving Digital Remittance Industry, top strategic priorities such as innovation, diversification, and M&A would remain consistent.