Global Digital Remittance Market Report 2021
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At the beginning of 2020, COVID-19 disease began to spread around the world, millions of people worldwide were infected with COVID-19 disease, and major countries around the world have implemented foot prohibitions and work stoppage orders. Except for the medical supplies and life support products industries, most industries have been greatly impacted, and Digital Remittance industries have also been greatly affected.
In the past few years, the Digital Remittance market experienced a growth of xx, the global market size of Digital Remittance reached 3889.47 million $ in 2020, of what is about xx million $ in 2015.
From 2015 to 2019, the growth rate of global Digital Remittance market size was in the range of xxx%. At the end of 2019, COVID-19 began to erupt in China, Due to the huge decrease of global economy; we forecast the growth rate of global economy will show a decrease of about 4%, due to this reason, Digital Remittance market size in 2020 will be 3889.47 with a growth rate of xxx%. This is xxx percentage points lower than in previous years.
As of the date of the report, there have been more than 20 million confirmed cases of CVOID-19 worldwide, and the epidemic has not been effectively controlled. Therefore, we predict that the global epidemic will be basically controlled by the end of 2020 and the global Digital Remittance market size will reach 13470.0 million $ in 2025, with a CAGR of xxx% between 2020-2025.
This Report covers the manufacturers’ data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Free——Definition
Section (2 3): 1200 USD——Manufacturer Detail
Western Union (WU)
Ria Financial Services
PayPal/Xoom
TransferWise
WorldRemit
MoneyGram
Remitly
Azimo
TransferGo
InstaReM
TNG Wallet
Toast Me
OrbitRemit
Smiles Mobile Remittance
Avenues India Pvt Ltd
Section 4: 900 USD——Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7): 500 USD——
Product Type Segmentation
Banks Digital Remittance
Digital Money Transfer Operators
The segment of digital money transfer holds a comparatively larger share in global market, which accounts for about 86%.
Industry Segmentation
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses
Other
The migrant labor workforce holds an important share in terms of applications, and accounts for 67% of the market share.
Channel (Direct Sales, Distributor) Segmentation
Section 8: 400 USD——Trend (2020-2025)
Section 9: 300 USD——Product Type Detail
Section 10: 700 USD——Downstream Consumer
Section 11: 200 USD——Cost Structure
Section 12: 500 USD——Conclusion
Section 1 Digital Remittance Product Definition
Section 2 Global Digital Remittance Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Digital Remittance Shipments
2.2 Global Manufacturer Digital Remittance Business Revenue
2.3 Global Digital Remittance Market Overview
2.4 COVID-19 Impact on Digital Remittance Industry
Section 3 Manufacturer Digital Remittance Business Introduction
3.1 Western Union (WU) Digital Remittance Business Introduction
3.1.1 Western Union (WU) Digital Remittance Shipments, Price, Revenue and Gross profit 2015-2020
3.1.2 Western Union (WU) Digital Remittance Business Distribution by Region
3.1.3 Western Union (WU) Interview Record
3.1.4 Western Union (WU) Digital Remittance Business Profile
3.1.5 Western Union (WU) Digital Remittance Product Specification
3.2 Ria Financial Services Digital Remittance Business Introduction
3.2.1 Ria Financial Services Digital Remittance Shipments, Price, Revenue and Gross profit 2015-2020
3.2.2 Ria Financial Services Digital Remittance Business Distribution by Region
3.2.3 Interview Record
3.2.4 Ria Financial Services Digital Remittance Business Overview
3.2.5 Ria Financial Services Digital Remittance Product Specification
3.3 PayPal/Xoom Digital Remittance Business Introduction
3.3.1 PayPal/Xoom Digital Remittance Shipments, Price, Revenue and Gross profit 2015-2020
3.3.2 PayPal/Xoom Digital Remittance Business Distribution by Region
3.3.3 Interview Record
3.3.4 PayPal/Xoom Digital Remittance Business Overview
3.3.5 PayPal/Xoom Digital Remittance Product Specification
3.4 TransferWise Digital Remittance Business Introduction
3.5 WorldRemit Digital Remittance Business Introduction
3.6 MoneyGram Digital Remittance Business Introduction
…
Section 4 Global Digital Remittance Market Segmentation (Region Level)
4.1 North America Country
4.1.1 United States Digital Remittance Market Size and Price Analysis 2015-2020
4.1.2 Canada Digital Remittance Market Size and Price Analysis 2015-2020
4.2 South America Country
4.2.1 South America Digital Remittance Market Size and Price Analysis 2015-2020
4.3 Asia Country
4.3.1 China Digital Remittance Market Size and Price Analysis 2015-2020
4.3.2 Japan Digital Remittance Market Size and Price Analysis 2015-2020
4.3.3 India Digital Remittance Market Size and Price Analysis 2015-2020
4.3.4 Korea Digital Remittance Market Size and Price Analysis 2015-2020
4.4 Europe Country
4.4.1 Germany Digital Remittance Market Size and Price Analysis 2015-2020
4.4.2 UK Digital Remittance Market Size and Price Analysis 2015-2020
4.4.3 France Digital Remittance Market Size and Price Analysis 2015-2020
4.4.4 Italy Digital Remittance Market Size and Price Analysis 2015-2020
4.4.5 Europe Digital Remittance Market Size and Price Analysis 2015-2020
4.5 Other Country and Region
4.5.1 Middle East Digital Remittance Market Size and Price Analysis 2015-2020
4.5.2 Africa Digital Remittance Market Size and Price Analysis 2015-2020
4.5.3 GCC Digital Remittance Market Size and Price Analysis 2015-2020
4.6 Global Digital Remittance Market Segmentation (Region Level) Analysis 2015-2020
4.7 Global Digital Remittance Market Segmentation (Region Level) Analysis
Section 5 Global Digital Remittance Market Segmentation (Product Type Level)
5.1 Global Digital Remittance Market Segmentation (Product Type Level) Market Size 2015-2020
5.2 Different Digital Remittance Product Type Price 2015-2020
5.3 Global Digital Remittance Market Segmentation (Product Type Level) Analysis
Section 6 Global Digital Remittance Market Segmentation (Industry Level)
6.1 Global Digital Remittance Market Segmentation (Industry Level) Market Size 2015-2020
6.2 Different Industry Price 2015-2020
6.3 Global Digital Remittance Market Segmentation (Industry Level) Analysis
Section 7 Global Digital Remittance Market Segmentation (Channel Level)
7.1 Global Digital Remittance Market Segmentation (Channel Level) Sales Volume and Share 2015-2020
7.2 Global Digital Remittance Market Segmentation (Channel Level) Analysis
Section 8 Digital Remittance Market Forecast 2020-2025
8.1 Digital Remittance Segmentation Market Forecast (Region Level)
8.2 Digital Remittance Segmentation Market Forecast (Product Type Level)
8.3 Digital Remittance Segmentation Market Forecast (Industry Level)
8.4 Digital Remittance Segmentation Market Forecast (Channel Level)
Section 9 Digital Remittance Segmentation Product Type
9.1 Banks Digital Remittance Product Introduction
9.2 Digital Money Transfer Operators Product Introduction
9.3 The segment of digital money transfer holds a comparatively larger share in global market, which accounts for about 86%. Product Introduction
Section 10 Digital Remittance Segmentation Industry
10.1 Migrant Labor Workforce Clients
10.2 Study Abroad and Travel Clients
10.3 Small Businesses Clients
10.4 Other Clients
10.5 The migrant labor workforce holds an important share in terms of applications, and accounts for 67% of the market share. Clients
Section 11 Digital Remittance Cost of Production Analysis
11.1 Raw Material Cost Analysis
11.2 Technology Cost Analysis
11.3 Labor Cost Analysis
11.4 Cost Overview
Section 12 Conclusion
Chart and Figure
Figure Digital Remittance Product Picture from Western Union (WU)
Chart 2015-2020 Global Manufacturer Digital Remittance Shipments (Units)
Chart 2015-2020 Global Manufacturer Digital Remittance Shipments Share
Chart 2015-2020 Global Manufacturer Digital Remittance Business Revenue (Million USD)
Chart 2015-2020 Global Manufacturer Digital Remittance Business Revenue Share
Chart Western Union (WU) Digital Remittance Shipments, Price, Revenue and Gross profit 2015-2020
Chart Western Union (WU) Digital Remittance Business Distribution
Chart Western Union (WU) Interview Record (Partly)
Figure Western Union (WU) Digital Remittance Product Picture
Chart Western Union (WU) Digital Remittance Business Profile
Table Western Union (WU) Digital Remittance Product Specification
Chart Ria Financial Services Digital Remittance Shipments, Price, Revenue and Gross profit 2015-2020
Chart Ria Financial Services Digital Remittance Business Distribution
Chart Ria Financial Services Interview Record (Partly)
Figure Ria Financial Services Digital Remittance Product Picture
Chart Ria Financial Services Digital Remittance Business Overview
Table Ria Financial Services Digital Remittance Product Specification
Chart PayPal/Xoom Digital Remittance Shipments, Price, Revenue and Gross profit 2015-2020
Chart PayPal/Xoom Digital Remittance Business Distribution
Chart PayPal/Xoom Interview Record (Partly)
Figure PayPal/Xoom Digital Remittance Product Picture
Chart PayPal/Xoom Digital Remittance Business Overview
Table PayPal/Xoom Digital Remittance Product Specification
3.4 TransferWise Digital Remittance Business Introduction
…
Chart United States Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart United States Digital Remittance Sales Price ($/Unit) 2015-2020
Chart Canada Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart Canada Digital Remittance Sales Price ($/Unit) 2015-2020
Chart South America Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart South America Digital Remittance Sales Price ($/Unit) 2015-2020
Chart China Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart China Digital Remittance Sales Price ($/Unit) 2015-2020
Chart Japan Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart Japan Digital Remittance Sales Price ($/Unit) 2015-2020
Chart India Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart India Digital Remittance Sales Price ($/Unit) 2015-2020
Chart Korea Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart Korea Digital Remittance Sales Price ($/Unit) 2015-2020
Chart Germany Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart Germany Digital Remittance Sales Price ($/Unit) 2015-2020
Chart UK Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart UK Digital Remittance Sales Price ($/Unit) 2015-2020
Chart France Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart France Digital Remittance Sales Price ($/Unit) 2015-2020
Chart Italy Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart Italy Digital Remittance Sales Price ($/Unit) 2015-2020
Chart Europe Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart Europe Digital Remittance Sales Price ($/Unit) 2015-2020
Chart Middle East Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart Middle East Digital Remittance Sales Price ($/Unit) 2015-2020
Chart Africa Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart Africa Digital Remittance Sales Price ($/Unit) 2015-2020
Chart GCC Digital Remittance Sales Volume (Units) and Market Size (Million $) 2015-2020
Chart GCC Digital Remittance Sales Price ($/Unit) 2015-2020
Chart Global Digital Remittance Market Segmentation (Region Level) Sales Volume 2015-2020
Chart Global Digital Remittance Market Segmentation (Region Level) Market size 2015-2020
Chart Digital Remittance Market Segmentation (Product Type Level) Volume (Units) 2015-2020
Chart Digital Remittance Market Segmentation (Product Type Level) Market Size (Million $) 2015-2020
Chart Different Digital Remittance Product Type Price ($/Unit) 2015-2020
Chart Digital Remittance Market Segmentation (Industry Level) Market Size (Volume) 2015-2020
Chart Digital Remittance Market Segmentation (Industry Level) Market Size (Share) 2015-2020
Chart Digital Remittance Market Segmentation (Industry Level) Market Size (Value) 2015-2020
Chart Global Digital Remittance Market Segmentation (Channel Level) Sales Volume (Units) 2015-2020
Chart Global Digital Remittance Market Segmentation (Channel Level) Share 2015-2020
Chart Digital Remittance Segmentation Market Forecast (Region Level) 2020-2025
Chart Digital Remittance Segmentation Market Forecast (Product Type Level) 2020-2025
Chart Digital Remittance Segmentation Market Forecast (Industry Level) 2020-2025
Chart Digital Remittance Segmentation Market Forecast (Channel Level) 2020-2025
Chart Banks Digital Remittance Product Figure
Chart Banks Digital Remittance Product Advantage and Disadvantage Comparison
Chart Digital Money Transfer Operators Product Figure
Chart Digital Money Transfer Operators Product Advantage and Disadvantage Comparison
Chart The segment of digital money transfer holds a comparatively larger share in global market, which accounts for about 86%. Product Figure
Chart The segment of digital money transfer holds a comparatively larger share in global market, which accounts for about 86%. Product Advantage and Disadvantage Comparison
Chart Migrant Labor Workforce Clients
Chart Study Abroad and Travel Clients
Chart Small Businesses Clients
Chart Other Clients
Chart The migrant labor workforce holds an important share in terms of applications, and accounts for 67% of the market share. Clients
Research Methodology:
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.
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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
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