Global Digital Remittance Service Supply, Demand and Key Producers, 2024-2030

Global Digital Remittance Service Supply, Demand and Key Producers, 2024-2030

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Published Date: 18 Feb 2024

Category: Service & Software

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  • sp_icon1 sp_icon1_b Description
  • sp_icon2 sp_icon2_b Table of Contents
  • sp_icon3 sp_icon3_b Table of Figures
  • sp_icon4 sp_icon4_b Research Methodology
  • sp_icon1 sp_icon1_b Companies Mentioned
  • sp_icon1 sp_icon1_b Related Reports
  • sp_icon1 sp_icon1_b Product Tags
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Description

The global Digital Remittance Service market size is expected to reach $ 7539.5 million by 2030, rising at a market growth of 2.1% CAGR during the forecast period (2024-2030).

Digital Remittance Service is a financial platform that enables individuals to send money electronically across borders, often to their families or acquaintances in their home countries. Utilizing digital channels such as mobile apps or online platforms, users can initiate money transfers, and the service facilitates the secure and swift movement of funds to recipients in different locations. These services often offer competitive exchange rates and lower fees compared to traditional methods, making international money transfers more affordable and accessible.

This report studies the global Digital Remittance Service demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Digital Remittance Service, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Digital Remittance Service that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Digital Remittance Service total market, 2019-2030, (USD Million)
Global Digital Remittance Service total market by region & country, CAGR, 2019-2030, (USD Million)
U.S. VS China: Digital Remittance Service total market, key domestic companies and share, (USD Million)
Global Digital Remittance Service revenue by player and market share 2019-2024, (USD Million)
Global Digital Remittance Service total market by Type, CAGR, 2019-2030, (USD Million)
Global Digital Remittance Service total market by Application, CAGR, 2019-2030, (USD Million).

This reports profiles major players in the global Digital Remittance Service market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Western Union, Ria Financial Services, Xoom, TransferWise, MoneyGram, Remitly, Azimo, TransferGo and WorldRemit, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Digital Remittance Service market.

Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 as the forecast year.

Global Digital Remittance Service Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Digital Remittance Service Market, Segmentation by Type
by Banks Digital Remittance
by Digital Money Transfer Operators

Global Digital Remittance Service Market, Segmentation by Application
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses
Other

Companies Profiled:
Western Union
Ria Financial Services
Xoom
TransferWise
MoneyGram
Remitly
Azimo
TransferGo
WorldRemit
TNG Wallet
Toast Me
OrbitRemit
Smiles Mobile Remittance
Avenues India Pvt Ltd

Key Questions Answered
1. How big is the global Digital Remittance Service market?
2. What is the demand of the global Digital Remittance Service market?
3. What is the year over year growth of the global Digital Remittance Service market?
4. What is the total value of the global Digital Remittance Service market?
5. Who are the major players in the global Digital Remittance Service market?
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Table of Contents

1 Supply Summary
1.1 Digital Remittance Service Introduction
1.2 World Digital Remittance Service Market Size & Forecast (2019 & 2023 & 2030)
1.3 World Digital Remittance Service Total Market by Region (by Headquarter Location)
1.3.1 World Digital Remittance Service Market Size by Region (2019-2030), (by Headquarter Location)
1.3.2 United States Digital Remittance Service Market Size (2019-2030)
1.3.3 China Digital Remittance Service Market Size (2019-2030)
1.3.4 Europe Digital Remittance Service Market Size (2019-2030)
1.3.5 Japan Digital Remittance Service Market Size (2019-2030)
1.3.6 South Korea Digital Remittance Service Market Size (2019-2030)
1.3.7 ASEAN Digital Remittance Service Market Size (2019-2030)
1.3.8 India Digital Remittance Service Market Size (2019-2030)
1.4 Market Drivers, Restraints and Trends
1.4.1 Digital Remittance Service Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Digital Remittance Service Major Market Trends

2 Demand Summary
2.1 World Digital Remittance Service Consumption Value (2019-2030)
2.2 World Digital Remittance Service Consumption Value by Region
2.2.1 World Digital Remittance Service Consumption Value by Region (2019-2024)
2.2.2 World Digital Remittance Service Consumption Value Forecast by Region (2025-2030)
2.3 United States Digital Remittance Service Consumption Value (2019-2030)
2.4 China Digital Remittance Service Consumption Value (2019-2030)
2.5 Europe Digital Remittance Service Consumption Value (2019-2030)
2.6 Japan Digital Remittance Service Consumption Value (2019-2030)
2.7 South Korea Digital Remittance Service Consumption Value (2019-2030)
2.8 ASEAN Digital Remittance Service Consumption Value (2019-2030)
2.9 India Digital Remittance Service Consumption Value (2019-2030)

3 World Digital Remittance Service Companies Competitive Analysis
3.1 World Digital Remittance Service Revenue by Player (2019-2024)
3.2 Industry Rank and Concentration Rate (CR)
3.2.1 Global Digital Remittance Service Industry Rank of Major Players
3.2.2 Global Concentration Ratios (CR4) for Digital Remittance Service in 2023
3.2.3 Global Concentration Ratios (CR8) for Digital Remittance Service in 2023
3.3 Digital Remittance Service Company Evaluation Quadrant
3.4 Digital Remittance Service Market: Overall Company Footprint Analysis
3.4.1 Digital Remittance Service Market: Region Footprint
3.4.2 Digital Remittance Service Market: Company Product Type Footprint
3.4.3 Digital Remittance Service Market: Company Product Application Footprint
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
4.1 United States VS China: Digital Remittance Service Revenue Comparison (by Headquarter Location)
4.1.1 United States VS China: Digital Remittance Service Market Size Comparison (2019 & 2023 & 2030) (by Headquarter Location)
4.1.2 United States VS China: Digital Remittance Service Revenue Market Share Comparison (2019 & 2023 & 2030)
4.2 United States Based Companies VS China Based Companies: Digital Remittance Service Consumption Value Comparison
4.2.1 United States VS China: Digital Remittance Service Consumption Value Comparison (2019 & 2023 & 2030)
4.2.2 United States VS China: Digital Remittance Service Consumption Value Market Share Comparison (2019 & 2023 & 2030)
4.3 United States Based Digital Remittance Service Companies and Market Share, 2019-2024
4.3.1 United States Based Digital Remittance Service Companies, Headquarters (States, Country)
4.3.2 United States Based Companies Digital Remittance Service Revenue, (2019-2024)
4.4 China Based Companies Digital Remittance Service Revenue and Market Share, 2019-2024
4.4.1 China Based Digital Remittance Service Companies, Company Headquarters (Province, Country)
4.4.2 China Based Companies Digital Remittance Service Revenue, (2019-2024)
4.5 Rest of World Based Digital Remittance Service Companies and Market Share, 2019-2024
4.5.1 Rest of World Based Digital Remittance Service Companies, Headquarters (States, Country)
4.5.2 Rest of World Based Companies Digital Remittance Service Revenue, (2019-2024)

5 Market Analysis by Type
5.1 World Digital Remittance Service Market Size Overview by Type: 2019 VS 2023 VS 2030
5.2 Segment Introduction by Type
5.3 Market Segment by Type
5.3.1 World Digital Remittance Service Market Size by Type (2019-2024)
5.3.2 World Digital Remittance Service Market Size by Type (2025-2030)
5.3.3 World Digital Remittance Service Market Size Market Share by Type (2019-2030)

6 Market Analysis by Application
6.1 World Digital Remittance Service Market Size Overview by Application: 2019 VS 2023 VS 2030
6.2 Segment Introduction by Application
6.2.1 Migrant Labor Workforce
6.2.2 Study Abroad and Travel
6.2.3 Small Businesses
6.2.4 Other
6.2.5 Other
6.3 Market Segment by Application
6.3.1 World Digital Remittance Service Market Size by Application (2019-2024)
6.3.2 World Digital Remittance Service Market Size by Application (2025-2030)
6.3.3 World Digital Remittance Service Market Size by Application (2019-2030)

7 Company Profiles
7.1 Western Union
7.1.1 Western Union Details
7.1.2 Western Union Major Business
7.1.3 Western Union Digital Remittance Service Product and Services
7.1.4 Western Union Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.1.5 Western Union Recent Developments/Updates
7.1.6 Western Union Competitive Strengths & Weaknesses
7.2 Ria Financial Services
7.2.1 Ria Financial Services Details
7.2.2 Ria Financial Services Major Business
7.2.3 Ria Financial Services Digital Remittance Service Product and Services
7.2.4 Ria Financial Services Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.2.5 Ria Financial Services Recent Developments/Updates
7.2.6 Ria Financial Services Competitive Strengths & Weaknesses
7.3 Xoom
7.3.1 Xoom Details
7.3.2 Xoom Major Business
7.3.3 Xoom Digital Remittance Service Product and Services
7.3.4 Xoom Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.3.5 Xoom Recent Developments/Updates
7.3.6 Xoom Competitive Strengths & Weaknesses
7.4 TransferWise
7.4.1 TransferWise Details
7.4.2 TransferWise Major Business
7.4.3 TransferWise Digital Remittance Service Product and Services
7.4.4 TransferWise Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.4.5 TransferWise Recent Developments/Updates
7.4.6 TransferWise Competitive Strengths & Weaknesses
7.5 MoneyGram
7.5.1 MoneyGram Details
7.5.2 MoneyGram Major Business
7.5.3 MoneyGram Digital Remittance Service Product and Services
7.5.4 MoneyGram Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.5.5 MoneyGram Recent Developments/Updates
7.5.6 MoneyGram Competitive Strengths & Weaknesses
7.6 Remitly
7.6.1 Remitly Details
7.6.2 Remitly Major Business
7.6.3 Remitly Digital Remittance Service Product and Services
7.6.4 Remitly Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.6.5 Remitly Recent Developments/Updates
7.6.6 Remitly Competitive Strengths & Weaknesses
7.7 Azimo
7.7.1 Azimo Details
7.7.2 Azimo Major Business
7.7.3 Azimo Digital Remittance Service Product and Services
7.7.4 Azimo Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.7.5 Azimo Recent Developments/Updates
7.7.6 Azimo Competitive Strengths & Weaknesses
7.8 TransferGo
7.8.1 TransferGo Details
7.8.2 TransferGo Major Business
7.8.3 TransferGo Digital Remittance Service Product and Services
7.8.4 TransferGo Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.8.5 TransferGo Recent Developments/Updates
7.8.6 TransferGo Competitive Strengths & Weaknesses
7.9 WorldRemit
7.9.1 WorldRemit Details
7.9.2 WorldRemit Major Business
7.9.3 WorldRemit Digital Remittance Service Product and Services
7.9.4 WorldRemit Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.9.5 WorldRemit Recent Developments/Updates
7.9.6 WorldRemit Competitive Strengths & Weaknesses
7.10 TNG Wallet
7.10.1 TNG Wallet Details
7.10.2 TNG Wallet Major Business
7.10.3 TNG Wallet Digital Remittance Service Product and Services
7.10.4 TNG Wallet Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.10.5 TNG Wallet Recent Developments/Updates
7.10.6 TNG Wallet Competitive Strengths & Weaknesses
7.11 Toast Me
7.11.1 Toast Me Details
7.11.2 Toast Me Major Business
7.11.3 Toast Me Digital Remittance Service Product and Services
7.11.4 Toast Me Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.11.5 Toast Me Recent Developments/Updates
7.11.6 Toast Me Competitive Strengths & Weaknesses
7.12 OrbitRemit
7.12.1 OrbitRemit Details
7.12.2 OrbitRemit Major Business
7.12.3 OrbitRemit Digital Remittance Service Product and Services
7.12.4 OrbitRemit Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.12.5 OrbitRemit Recent Developments/Updates
7.12.6 OrbitRemit Competitive Strengths & Weaknesses
7.13 Smiles Mobile Remittance
7.13.1 Smiles Mobile Remittance Details
7.13.2 Smiles Mobile Remittance Major Business
7.13.3 Smiles Mobile Remittance Digital Remittance Service Product and Services
7.13.4 Smiles Mobile Remittance Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.13.5 Smiles Mobile Remittance Recent Developments/Updates
7.13.6 Smiles Mobile Remittance Competitive Strengths & Weaknesses
7.14 Avenues India Pvt Ltd
7.14.1 Avenues India Pvt Ltd Details
7.14.2 Avenues India Pvt Ltd Major Business
7.14.3 Avenues India Pvt Ltd Digital Remittance Service Product and Services
7.14.4 Avenues India Pvt Ltd Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.14.5 Avenues India Pvt Ltd Recent Developments/Updates
7.14.6 Avenues India Pvt Ltd Competitive Strengths & Weaknesses

8 Industry Chain Analysis
8.1 Digital Remittance Service Industry Chain
8.2 Digital Remittance Service Upstream Analysis
8.3 Digital Remittance Service Midstream Analysis
8.4 Digital Remittance Service Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer
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Table of Figures

List of Tables
Table 1. World Digital Remittance Service Revenue by Region (2019, 2023 and 2030) & (USD Million), (by Headquarter Location)
Table 2. World Digital Remittance Service Revenue by Region (2019-2024) & (USD Million), (by Headquarter Location)
Table 3. World Digital Remittance Service Revenue by Region (2025-2030) & (USD Million), (by Headquarter Location)
Table 4. World Digital Remittance Service Revenue Market Share by Region (2019-2024), (by Headquarter Location)
Table 5. World Digital Remittance Service Revenue Market Share by Region (2025-2030), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World Digital Remittance Service Consumption Value Growth Rate Forecast by Region (2019 & 2023 & 2030) & (USD Million)
Table 8. World Digital Remittance Service Consumption Value by Region (2019-2024) & (USD Million)
Table 9. World Digital Remittance Service Consumption Value Forecast by Region (2025-2030) & (USD Million)
Table 10. World Digital Remittance Service Revenue by Player (2019-2024) & (USD Million)
Table 11. Revenue Market Share of Key Digital Remittance Service Players in 2023
Table 12. World Digital Remittance Service Industry Rank of Major Player, Based on Revenue in 2023
Table 13. Global Digital Remittance Service Company Evaluation Quadrant
Table 14. Head Office of Key Digital Remittance Service Player
Table 15. Digital Remittance Service Market: Company Product Type Footprint
Table 16. Digital Remittance Service Market: Company Product Application Footprint
Table 17. Digital Remittance Service Mergers & Acquisitions Activity
Table 18. United States VS China Digital Remittance Service Market Size Comparison, (2019 & 2023 & 2030) & (USD Million)
Table 19. United States VS China Digital Remittance Service Consumption Value Comparison, (2019 & 2023 & 2030) & (USD Million)
Table 20. United States Based Digital Remittance Service Companies, Headquarters (States, Country)
Table 21. United States Based Companies Digital Remittance Service Revenue, (2019-2024) & (USD Million)
Table 22. United States Based Companies Digital Remittance Service Revenue Market Share (2019-2024)
Table 23. China Based Digital Remittance Service Companies, Headquarters (Province, Country)
Table 24. China Based Companies Digital Remittance Service Revenue, (2019-2024) & (USD Million)
Table 25. China Based Companies Digital Remittance Service Revenue Market Share (2019-2024)
Table 26. Rest of World Based Digital Remittance Service Companies, Headquarters (States, Country)
Table 27. Rest of World Based Companies Digital Remittance Service Revenue, (2019-2024) & (USD Million)
Table 28. Rest of World Based Companies Digital Remittance Service Revenue Market Share (2019-2024)
Table 29. World Digital Remittance Service Market Size by Type, (USD Million), 2019 & 2023 & 2030
Table 30. World Digital Remittance Service Market Size by Type (2019-2024) & (USD Million)
Table 31. World Digital Remittance Service Market Size by Type (2025-2030) & (USD Million)
Table 32. World Digital Remittance Service Market Size by Application, (USD Million), 2019 & 2023 & 2030
Table 33. World Digital Remittance Service Market Size by Application (2019-2024) & (USD Million)
Table 34. World Digital Remittance Service Market Size by Application (2025-2030) & (USD Million)
Table 35. Western Union Basic Information, Area Served and Competitors
Table 36. Western Union Major Business
Table 37. Western Union Digital Remittance Service Product and Services
Table 38. Western Union Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 39. Western Union Recent Developments/Updates
Table 40. Western Union Competitive Strengths & Weaknesses
Table 41. Ria Financial Services Basic Information, Area Served and Competitors
Table 42. Ria Financial Services Major Business
Table 43. Ria Financial Services Digital Remittance Service Product and Services
Table 44. Ria Financial Services Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 45. Ria Financial Services Recent Developments/Updates
Table 46. Ria Financial Services Competitive Strengths & Weaknesses
Table 47. Xoom Basic Information, Area Served and Competitors
Table 48. Xoom Major Business
Table 49. Xoom Digital Remittance Service Product and Services
Table 50. Xoom Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 51. Xoom Recent Developments/Updates
Table 52. Xoom Competitive Strengths & Weaknesses
Table 53. TransferWise Basic Information, Area Served and Competitors
Table 54. TransferWise Major Business
Table 55. TransferWise Digital Remittance Service Product and Services
Table 56. TransferWise Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 57. TransferWise Recent Developments/Updates
Table 58. TransferWise Competitive Strengths & Weaknesses
Table 59. MoneyGram Basic Information, Area Served and Competitors
Table 60. MoneyGram Major Business
Table 61. MoneyGram Digital Remittance Service Product and Services
Table 62. MoneyGram Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 63. MoneyGram Recent Developments/Updates
Table 64. MoneyGram Competitive Strengths & Weaknesses
Table 65. Remitly Basic Information, Area Served and Competitors
Table 66. Remitly Major Business
Table 67. Remitly Digital Remittance Service Product and Services
Table 68. Remitly Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 69. Remitly Recent Developments/Updates
Table 70. Remitly Competitive Strengths & Weaknesses
Table 71. Azimo Basic Information, Area Served and Competitors
Table 72. Azimo Major Business
Table 73. Azimo Digital Remittance Service Product and Services
Table 74. Azimo Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 75. Azimo Recent Developments/Updates
Table 76. Azimo Competitive Strengths & Weaknesses
Table 77. TransferGo Basic Information, Area Served and Competitors
Table 78. TransferGo Major Business
Table 79. TransferGo Digital Remittance Service Product and Services
Table 80. TransferGo Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 81. TransferGo Recent Developments/Updates
Table 82. TransferGo Competitive Strengths & Weaknesses
Table 83. WorldRemit Basic Information, Area Served and Competitors
Table 84. WorldRemit Major Business
Table 85. WorldRemit Digital Remittance Service Product and Services
Table 86. WorldRemit Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 87. WorldRemit Recent Developments/Updates
Table 88. WorldRemit Competitive Strengths & Weaknesses
Table 89. TNG Wallet Basic Information, Area Served and Competitors
Table 90. TNG Wallet Major Business
Table 91. TNG Wallet Digital Remittance Service Product and Services
Table 92. TNG Wallet Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 93. TNG Wallet Recent Developments/Updates
Table 94. TNG Wallet Competitive Strengths & Weaknesses
Table 95. Toast Me Basic Information, Area Served and Competitors
Table 96. Toast Me Major Business
Table 97. Toast Me Digital Remittance Service Product and Services
Table 98. Toast Me Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 99. Toast Me Recent Developments/Updates
Table 100. Toast Me Competitive Strengths & Weaknesses
Table 101. OrbitRemit Basic Information, Area Served and Competitors
Table 102. OrbitRemit Major Business
Table 103. OrbitRemit Digital Remittance Service Product and Services
Table 104. OrbitRemit Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 105. OrbitRemit Recent Developments/Updates
Table 106. OrbitRemit Competitive Strengths & Weaknesses
Table 107. Smiles Mobile Remittance Basic Information, Area Served and Competitors
Table 108. Smiles Mobile Remittance Major Business
Table 109. Smiles Mobile Remittance Digital Remittance Service Product and Services
Table 110. Smiles Mobile Remittance Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 111. Smiles Mobile Remittance Recent Developments/Updates
Table 112. Avenues India Pvt Ltd Basic Information, Area Served and Competitors
Table 113. Avenues India Pvt Ltd Major Business
Table 114. Avenues India Pvt Ltd Digital Remittance Service Product and Services
Table 115. Avenues India Pvt Ltd Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 116. Global Key Players of Digital Remittance Service Upstream (Raw Materials)
Table 117. Digital Remittance Service Typical Customers
List of Figure
Figure 1. Digital Remittance Service Picture
Figure 2. World Digital Remittance Service Total Market Size: 2019 & 2023 & 2030, (USD Million)
Figure 3. World Digital Remittance Service Total Market Size (2019-2030) & (USD Million)
Figure 4. World Digital Remittance Service Revenue Market Share by Region (2019, 2023 and 2030) & (USD Million) , (by Headquarter Location)
Figure 5. World Digital Remittance Service Revenue Market Share by Region (2019-2030), (by Headquarter Location)
Figure 6. United States Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 7. China Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 8. Europe Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 9. Japan Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 10. South Korea Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 11. ASEAN Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 12. India Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 13. Digital Remittance Service Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 16. World Digital Remittance Service Consumption Value Market Share by Region (2019-2030)
Figure 17. United States Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 18. China Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 19. Europe Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 20. Japan Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 21. South Korea Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 22. ASEAN Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 23. India Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 24. Producer Shipments of Digital Remittance Service by Player Revenue ($MM) and Market Share (%): 2023
Figure 25. Global Four-firm Concentration Ratios (CR4) for Digital Remittance Service Markets in 2023
Figure 26. Global Four-firm Concentration Ratios (CR8) for Digital Remittance Service Markets in 2023
Figure 27. United States VS China: Digital Remittance Service Revenue Market Share Comparison (2019 & 2023 & 2030)
Figure 28. United States VS China: Digital Remittance Service Consumption Value Market Share Comparison (2019 & 2023 & 2030)
Figure 29. World Digital Remittance Service Market Size by Type, (USD Million), 2019 & 2023 & 2030
Figure 30. World Digital Remittance Service Market Size Market Share by Type in 2023
Figure 31. World Digital Remittance Service Market Size Market Share by Type (2019-2030)
Figure 32. World Digital Remittance Service Market Size by Application, (USD Million), 2019 & 2023 & 2030
Figure 33. World Digital Remittance Service Market Size Market Share by Application in 2023
Figure 34. Migrant Labor Workforce
Figure 35. Study Abroad and Travel
Figure 36. Small Businesses
Figure 37. Other
Figure 38. Digital Remittance Service Industrial Chain
Figure 39. Methodology
Figure 40. Research Process and Data Source
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Research Methodology

Client Requirements

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Review and analyze client requirements

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Discussion of all the project requirements and queries

Flexibility Check

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Project Feasibility Analysis

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Finalizing tentative research programme

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Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

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Determination of key drivers, restraints, challenge, and opportunity

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Identifies market needs and trends

Market Size Estimation & Forecast

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Estimation of historical data based on secondary and primary data

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Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

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Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

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Consideration of geography, region-specific product/service demand for region segments

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Consideration of product utilization rates, product demand outlook for segments by application or end-user.

tuBiao1

Data Source

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Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

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Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

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Collection of data

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Cumulating and collating the essential qualitative and quantitative data

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Generation of report in client requested format by research analysts

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Reviews by expert analysts

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Final quality check

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Clarifying queries

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Receiving feedback

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Ensuring satisfaction

  • yuan01
    liuCheng01

    01 Identification of data

    This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.

  • yuan01
    liuCheng01

    02 Evaluation of Market Dynamic

    This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.

  • yuan01
    liuCheng01

    03 Collection of Data

    This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.

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    04 Collaboration of Data

    This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.

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    05 Verification and Analysis

    This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

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Companies Mentioned

Western Union
Ria Financial Services
Xoom
TransferWise
MoneyGram
Remitly
Azimo
TransferGo
WorldRemit
TNG Wallet
Toast Me
OrbitRemit
Smiles Mobile Remittance
Avenues India Pvt Ltd
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Global Digital Remittance Service Supply, Demand and Key Producers, 2024-2030

Global Digital Remittance Service Supply, Demand and Key Producers, 2024-2030

Page: 111

Published Date: 18 Feb 2024

Category: Service & Software

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Description

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Description

The global Digital Remittance Service market size is expected to reach $ 7539.5 million by 2030, rising at a market growth of 2.1% CAGR during the forecast period (2024-2030).

Digital Remittance Service is a financial platform that enables individuals to send money electronically across borders, often to their families or acquaintances in their home countries. Utilizing digital channels such as mobile apps or online platforms, users can initiate money transfers, and the service facilitates the secure and swift movement of funds to recipients in different locations. These services often offer competitive exchange rates and lower fees compared to traditional methods, making international money transfers more affordable and accessible.

This report studies the global Digital Remittance Service demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Digital Remittance Service, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Digital Remittance Service that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Digital Remittance Service total market, 2019-2030, (USD Million)
Global Digital Remittance Service total market by region & country, CAGR, 2019-2030, (USD Million)
U.S. VS China: Digital Remittance Service total market, key domestic companies and share, (USD Million)
Global Digital Remittance Service revenue by player and market share 2019-2024, (USD Million)
Global Digital Remittance Service total market by Type, CAGR, 2019-2030, (USD Million)
Global Digital Remittance Service total market by Application, CAGR, 2019-2030, (USD Million).

This reports profiles major players in the global Digital Remittance Service market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Western Union, Ria Financial Services, Xoom, TransferWise, MoneyGram, Remitly, Azimo, TransferGo and WorldRemit, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Digital Remittance Service market.

Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 as the forecast year.

Global Digital Remittance Service Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Digital Remittance Service Market, Segmentation by Type
by Banks Digital Remittance
by Digital Money Transfer Operators

Global Digital Remittance Service Market, Segmentation by Application
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses
Other

Companies Profiled:
Western Union
Ria Financial Services
Xoom
TransferWise
MoneyGram
Remitly
Azimo
TransferGo
WorldRemit
TNG Wallet
Toast Me
OrbitRemit
Smiles Mobile Remittance
Avenues India Pvt Ltd

Key Questions Answered
1. How big is the global Digital Remittance Service market?
2. What is the demand of the global Digital Remittance Service market?
3. What is the year over year growth of the global Digital Remittance Service market?
4. What is the total value of the global Digital Remittance Service market?
5. Who are the major players in the global Digital Remittance Service market?
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Table of Contents

1 Supply Summary
1.1 Digital Remittance Service Introduction
1.2 World Digital Remittance Service Market Size & Forecast (2019 & 2023 & 2030)
1.3 World Digital Remittance Service Total Market by Region (by Headquarter Location)
1.3.1 World Digital Remittance Service Market Size by Region (2019-2030), (by Headquarter Location)
1.3.2 United States Digital Remittance Service Market Size (2019-2030)
1.3.3 China Digital Remittance Service Market Size (2019-2030)
1.3.4 Europe Digital Remittance Service Market Size (2019-2030)
1.3.5 Japan Digital Remittance Service Market Size (2019-2030)
1.3.6 South Korea Digital Remittance Service Market Size (2019-2030)
1.3.7 ASEAN Digital Remittance Service Market Size (2019-2030)
1.3.8 India Digital Remittance Service Market Size (2019-2030)
1.4 Market Drivers, Restraints and Trends
1.4.1 Digital Remittance Service Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Digital Remittance Service Major Market Trends

2 Demand Summary
2.1 World Digital Remittance Service Consumption Value (2019-2030)
2.2 World Digital Remittance Service Consumption Value by Region
2.2.1 World Digital Remittance Service Consumption Value by Region (2019-2024)
2.2.2 World Digital Remittance Service Consumption Value Forecast by Region (2025-2030)
2.3 United States Digital Remittance Service Consumption Value (2019-2030)
2.4 China Digital Remittance Service Consumption Value (2019-2030)
2.5 Europe Digital Remittance Service Consumption Value (2019-2030)
2.6 Japan Digital Remittance Service Consumption Value (2019-2030)
2.7 South Korea Digital Remittance Service Consumption Value (2019-2030)
2.8 ASEAN Digital Remittance Service Consumption Value (2019-2030)
2.9 India Digital Remittance Service Consumption Value (2019-2030)

3 World Digital Remittance Service Companies Competitive Analysis
3.1 World Digital Remittance Service Revenue by Player (2019-2024)
3.2 Industry Rank and Concentration Rate (CR)
3.2.1 Global Digital Remittance Service Industry Rank of Major Players
3.2.2 Global Concentration Ratios (CR4) for Digital Remittance Service in 2023
3.2.3 Global Concentration Ratios (CR8) for Digital Remittance Service in 2023
3.3 Digital Remittance Service Company Evaluation Quadrant
3.4 Digital Remittance Service Market: Overall Company Footprint Analysis
3.4.1 Digital Remittance Service Market: Region Footprint
3.4.2 Digital Remittance Service Market: Company Product Type Footprint
3.4.3 Digital Remittance Service Market: Company Product Application Footprint
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
4.1 United States VS China: Digital Remittance Service Revenue Comparison (by Headquarter Location)
4.1.1 United States VS China: Digital Remittance Service Market Size Comparison (2019 & 2023 & 2030) (by Headquarter Location)
4.1.2 United States VS China: Digital Remittance Service Revenue Market Share Comparison (2019 & 2023 & 2030)
4.2 United States Based Companies VS China Based Companies: Digital Remittance Service Consumption Value Comparison
4.2.1 United States VS China: Digital Remittance Service Consumption Value Comparison (2019 & 2023 & 2030)
4.2.2 United States VS China: Digital Remittance Service Consumption Value Market Share Comparison (2019 & 2023 & 2030)
4.3 United States Based Digital Remittance Service Companies and Market Share, 2019-2024
4.3.1 United States Based Digital Remittance Service Companies, Headquarters (States, Country)
4.3.2 United States Based Companies Digital Remittance Service Revenue, (2019-2024)
4.4 China Based Companies Digital Remittance Service Revenue and Market Share, 2019-2024
4.4.1 China Based Digital Remittance Service Companies, Company Headquarters (Province, Country)
4.4.2 China Based Companies Digital Remittance Service Revenue, (2019-2024)
4.5 Rest of World Based Digital Remittance Service Companies and Market Share, 2019-2024
4.5.1 Rest of World Based Digital Remittance Service Companies, Headquarters (States, Country)
4.5.2 Rest of World Based Companies Digital Remittance Service Revenue, (2019-2024)

5 Market Analysis by Type
5.1 World Digital Remittance Service Market Size Overview by Type: 2019 VS 2023 VS 2030
5.2 Segment Introduction by Type
5.3 Market Segment by Type
5.3.1 World Digital Remittance Service Market Size by Type (2019-2024)
5.3.2 World Digital Remittance Service Market Size by Type (2025-2030)
5.3.3 World Digital Remittance Service Market Size Market Share by Type (2019-2030)

6 Market Analysis by Application
6.1 World Digital Remittance Service Market Size Overview by Application: 2019 VS 2023 VS 2030
6.2 Segment Introduction by Application
6.2.1 Migrant Labor Workforce
6.2.2 Study Abroad and Travel
6.2.3 Small Businesses
6.2.4 Other
6.2.5 Other
6.3 Market Segment by Application
6.3.1 World Digital Remittance Service Market Size by Application (2019-2024)
6.3.2 World Digital Remittance Service Market Size by Application (2025-2030)
6.3.3 World Digital Remittance Service Market Size by Application (2019-2030)

7 Company Profiles
7.1 Western Union
7.1.1 Western Union Details
7.1.2 Western Union Major Business
7.1.3 Western Union Digital Remittance Service Product and Services
7.1.4 Western Union Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.1.5 Western Union Recent Developments/Updates
7.1.6 Western Union Competitive Strengths & Weaknesses
7.2 Ria Financial Services
7.2.1 Ria Financial Services Details
7.2.2 Ria Financial Services Major Business
7.2.3 Ria Financial Services Digital Remittance Service Product and Services
7.2.4 Ria Financial Services Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.2.5 Ria Financial Services Recent Developments/Updates
7.2.6 Ria Financial Services Competitive Strengths & Weaknesses
7.3 Xoom
7.3.1 Xoom Details
7.3.2 Xoom Major Business
7.3.3 Xoom Digital Remittance Service Product and Services
7.3.4 Xoom Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.3.5 Xoom Recent Developments/Updates
7.3.6 Xoom Competitive Strengths & Weaknesses
7.4 TransferWise
7.4.1 TransferWise Details
7.4.2 TransferWise Major Business
7.4.3 TransferWise Digital Remittance Service Product and Services
7.4.4 TransferWise Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.4.5 TransferWise Recent Developments/Updates
7.4.6 TransferWise Competitive Strengths & Weaknesses
7.5 MoneyGram
7.5.1 MoneyGram Details
7.5.2 MoneyGram Major Business
7.5.3 MoneyGram Digital Remittance Service Product and Services
7.5.4 MoneyGram Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.5.5 MoneyGram Recent Developments/Updates
7.5.6 MoneyGram Competitive Strengths & Weaknesses
7.6 Remitly
7.6.1 Remitly Details
7.6.2 Remitly Major Business
7.6.3 Remitly Digital Remittance Service Product and Services
7.6.4 Remitly Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.6.5 Remitly Recent Developments/Updates
7.6.6 Remitly Competitive Strengths & Weaknesses
7.7 Azimo
7.7.1 Azimo Details
7.7.2 Azimo Major Business
7.7.3 Azimo Digital Remittance Service Product and Services
7.7.4 Azimo Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.7.5 Azimo Recent Developments/Updates
7.7.6 Azimo Competitive Strengths & Weaknesses
7.8 TransferGo
7.8.1 TransferGo Details
7.8.2 TransferGo Major Business
7.8.3 TransferGo Digital Remittance Service Product and Services
7.8.4 TransferGo Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.8.5 TransferGo Recent Developments/Updates
7.8.6 TransferGo Competitive Strengths & Weaknesses
7.9 WorldRemit
7.9.1 WorldRemit Details
7.9.2 WorldRemit Major Business
7.9.3 WorldRemit Digital Remittance Service Product and Services
7.9.4 WorldRemit Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.9.5 WorldRemit Recent Developments/Updates
7.9.6 WorldRemit Competitive Strengths & Weaknesses
7.10 TNG Wallet
7.10.1 TNG Wallet Details
7.10.2 TNG Wallet Major Business
7.10.3 TNG Wallet Digital Remittance Service Product and Services
7.10.4 TNG Wallet Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.10.5 TNG Wallet Recent Developments/Updates
7.10.6 TNG Wallet Competitive Strengths & Weaknesses
7.11 Toast Me
7.11.1 Toast Me Details
7.11.2 Toast Me Major Business
7.11.3 Toast Me Digital Remittance Service Product and Services
7.11.4 Toast Me Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.11.5 Toast Me Recent Developments/Updates
7.11.6 Toast Me Competitive Strengths & Weaknesses
7.12 OrbitRemit
7.12.1 OrbitRemit Details
7.12.2 OrbitRemit Major Business
7.12.3 OrbitRemit Digital Remittance Service Product and Services
7.12.4 OrbitRemit Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.12.5 OrbitRemit Recent Developments/Updates
7.12.6 OrbitRemit Competitive Strengths & Weaknesses
7.13 Smiles Mobile Remittance
7.13.1 Smiles Mobile Remittance Details
7.13.2 Smiles Mobile Remittance Major Business
7.13.3 Smiles Mobile Remittance Digital Remittance Service Product and Services
7.13.4 Smiles Mobile Remittance Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.13.5 Smiles Mobile Remittance Recent Developments/Updates
7.13.6 Smiles Mobile Remittance Competitive Strengths & Weaknesses
7.14 Avenues India Pvt Ltd
7.14.1 Avenues India Pvt Ltd Details
7.14.2 Avenues India Pvt Ltd Major Business
7.14.3 Avenues India Pvt Ltd Digital Remittance Service Product and Services
7.14.4 Avenues India Pvt Ltd Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024)
7.14.5 Avenues India Pvt Ltd Recent Developments/Updates
7.14.6 Avenues India Pvt Ltd Competitive Strengths & Weaknesses

8 Industry Chain Analysis
8.1 Digital Remittance Service Industry Chain
8.2 Digital Remittance Service Upstream Analysis
8.3 Digital Remittance Service Midstream Analysis
8.4 Digital Remittance Service Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer
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Table of Figures

List of Tables
Table 1. World Digital Remittance Service Revenue by Region (2019, 2023 and 2030) & (USD Million), (by Headquarter Location)
Table 2. World Digital Remittance Service Revenue by Region (2019-2024) & (USD Million), (by Headquarter Location)
Table 3. World Digital Remittance Service Revenue by Region (2025-2030) & (USD Million), (by Headquarter Location)
Table 4. World Digital Remittance Service Revenue Market Share by Region (2019-2024), (by Headquarter Location)
Table 5. World Digital Remittance Service Revenue Market Share by Region (2025-2030), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World Digital Remittance Service Consumption Value Growth Rate Forecast by Region (2019 & 2023 & 2030) & (USD Million)
Table 8. World Digital Remittance Service Consumption Value by Region (2019-2024) & (USD Million)
Table 9. World Digital Remittance Service Consumption Value Forecast by Region (2025-2030) & (USD Million)
Table 10. World Digital Remittance Service Revenue by Player (2019-2024) & (USD Million)
Table 11. Revenue Market Share of Key Digital Remittance Service Players in 2023
Table 12. World Digital Remittance Service Industry Rank of Major Player, Based on Revenue in 2023
Table 13. Global Digital Remittance Service Company Evaluation Quadrant
Table 14. Head Office of Key Digital Remittance Service Player
Table 15. Digital Remittance Service Market: Company Product Type Footprint
Table 16. Digital Remittance Service Market: Company Product Application Footprint
Table 17. Digital Remittance Service Mergers & Acquisitions Activity
Table 18. United States VS China Digital Remittance Service Market Size Comparison, (2019 & 2023 & 2030) & (USD Million)
Table 19. United States VS China Digital Remittance Service Consumption Value Comparison, (2019 & 2023 & 2030) & (USD Million)
Table 20. United States Based Digital Remittance Service Companies, Headquarters (States, Country)
Table 21. United States Based Companies Digital Remittance Service Revenue, (2019-2024) & (USD Million)
Table 22. United States Based Companies Digital Remittance Service Revenue Market Share (2019-2024)
Table 23. China Based Digital Remittance Service Companies, Headquarters (Province, Country)
Table 24. China Based Companies Digital Remittance Service Revenue, (2019-2024) & (USD Million)
Table 25. China Based Companies Digital Remittance Service Revenue Market Share (2019-2024)
Table 26. Rest of World Based Digital Remittance Service Companies, Headquarters (States, Country)
Table 27. Rest of World Based Companies Digital Remittance Service Revenue, (2019-2024) & (USD Million)
Table 28. Rest of World Based Companies Digital Remittance Service Revenue Market Share (2019-2024)
Table 29. World Digital Remittance Service Market Size by Type, (USD Million), 2019 & 2023 & 2030
Table 30. World Digital Remittance Service Market Size by Type (2019-2024) & (USD Million)
Table 31. World Digital Remittance Service Market Size by Type (2025-2030) & (USD Million)
Table 32. World Digital Remittance Service Market Size by Application, (USD Million), 2019 & 2023 & 2030
Table 33. World Digital Remittance Service Market Size by Application (2019-2024) & (USD Million)
Table 34. World Digital Remittance Service Market Size by Application (2025-2030) & (USD Million)
Table 35. Western Union Basic Information, Area Served and Competitors
Table 36. Western Union Major Business
Table 37. Western Union Digital Remittance Service Product and Services
Table 38. Western Union Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 39. Western Union Recent Developments/Updates
Table 40. Western Union Competitive Strengths & Weaknesses
Table 41. Ria Financial Services Basic Information, Area Served and Competitors
Table 42. Ria Financial Services Major Business
Table 43. Ria Financial Services Digital Remittance Service Product and Services
Table 44. Ria Financial Services Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 45. Ria Financial Services Recent Developments/Updates
Table 46. Ria Financial Services Competitive Strengths & Weaknesses
Table 47. Xoom Basic Information, Area Served and Competitors
Table 48. Xoom Major Business
Table 49. Xoom Digital Remittance Service Product and Services
Table 50. Xoom Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 51. Xoom Recent Developments/Updates
Table 52. Xoom Competitive Strengths & Weaknesses
Table 53. TransferWise Basic Information, Area Served and Competitors
Table 54. TransferWise Major Business
Table 55. TransferWise Digital Remittance Service Product and Services
Table 56. TransferWise Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 57. TransferWise Recent Developments/Updates
Table 58. TransferWise Competitive Strengths & Weaknesses
Table 59. MoneyGram Basic Information, Area Served and Competitors
Table 60. MoneyGram Major Business
Table 61. MoneyGram Digital Remittance Service Product and Services
Table 62. MoneyGram Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 63. MoneyGram Recent Developments/Updates
Table 64. MoneyGram Competitive Strengths & Weaknesses
Table 65. Remitly Basic Information, Area Served and Competitors
Table 66. Remitly Major Business
Table 67. Remitly Digital Remittance Service Product and Services
Table 68. Remitly Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 69. Remitly Recent Developments/Updates
Table 70. Remitly Competitive Strengths & Weaknesses
Table 71. Azimo Basic Information, Area Served and Competitors
Table 72. Azimo Major Business
Table 73. Azimo Digital Remittance Service Product and Services
Table 74. Azimo Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 75. Azimo Recent Developments/Updates
Table 76. Azimo Competitive Strengths & Weaknesses
Table 77. TransferGo Basic Information, Area Served and Competitors
Table 78. TransferGo Major Business
Table 79. TransferGo Digital Remittance Service Product and Services
Table 80. TransferGo Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 81. TransferGo Recent Developments/Updates
Table 82. TransferGo Competitive Strengths & Weaknesses
Table 83. WorldRemit Basic Information, Area Served and Competitors
Table 84. WorldRemit Major Business
Table 85. WorldRemit Digital Remittance Service Product and Services
Table 86. WorldRemit Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 87. WorldRemit Recent Developments/Updates
Table 88. WorldRemit Competitive Strengths & Weaknesses
Table 89. TNG Wallet Basic Information, Area Served and Competitors
Table 90. TNG Wallet Major Business
Table 91. TNG Wallet Digital Remittance Service Product and Services
Table 92. TNG Wallet Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 93. TNG Wallet Recent Developments/Updates
Table 94. TNG Wallet Competitive Strengths & Weaknesses
Table 95. Toast Me Basic Information, Area Served and Competitors
Table 96. Toast Me Major Business
Table 97. Toast Me Digital Remittance Service Product and Services
Table 98. Toast Me Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 99. Toast Me Recent Developments/Updates
Table 100. Toast Me Competitive Strengths & Weaknesses
Table 101. OrbitRemit Basic Information, Area Served and Competitors
Table 102. OrbitRemit Major Business
Table 103. OrbitRemit Digital Remittance Service Product and Services
Table 104. OrbitRemit Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 105. OrbitRemit Recent Developments/Updates
Table 106. OrbitRemit Competitive Strengths & Weaknesses
Table 107. Smiles Mobile Remittance Basic Information, Area Served and Competitors
Table 108. Smiles Mobile Remittance Major Business
Table 109. Smiles Mobile Remittance Digital Remittance Service Product and Services
Table 110. Smiles Mobile Remittance Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 111. Smiles Mobile Remittance Recent Developments/Updates
Table 112. Avenues India Pvt Ltd Basic Information, Area Served and Competitors
Table 113. Avenues India Pvt Ltd Major Business
Table 114. Avenues India Pvt Ltd Digital Remittance Service Product and Services
Table 115. Avenues India Pvt Ltd Digital Remittance Service Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 116. Global Key Players of Digital Remittance Service Upstream (Raw Materials)
Table 117. Digital Remittance Service Typical Customers
List of Figure
Figure 1. Digital Remittance Service Picture
Figure 2. World Digital Remittance Service Total Market Size: 2019 & 2023 & 2030, (USD Million)
Figure 3. World Digital Remittance Service Total Market Size (2019-2030) & (USD Million)
Figure 4. World Digital Remittance Service Revenue Market Share by Region (2019, 2023 and 2030) & (USD Million) , (by Headquarter Location)
Figure 5. World Digital Remittance Service Revenue Market Share by Region (2019-2030), (by Headquarter Location)
Figure 6. United States Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 7. China Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 8. Europe Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 9. Japan Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 10. South Korea Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 11. ASEAN Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 12. India Based Company Digital Remittance Service Revenue (2019-2030) & (USD Million)
Figure 13. Digital Remittance Service Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 16. World Digital Remittance Service Consumption Value Market Share by Region (2019-2030)
Figure 17. United States Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 18. China Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 19. Europe Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 20. Japan Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 21. South Korea Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 22. ASEAN Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 23. India Digital Remittance Service Consumption Value (2019-2030) & (USD Million)
Figure 24. Producer Shipments of Digital Remittance Service by Player Revenue ($MM) and Market Share (%): 2023
Figure 25. Global Four-firm Concentration Ratios (CR4) for Digital Remittance Service Markets in 2023
Figure 26. Global Four-firm Concentration Ratios (CR8) for Digital Remittance Service Markets in 2023
Figure 27. United States VS China: Digital Remittance Service Revenue Market Share Comparison (2019 & 2023 & 2030)
Figure 28. United States VS China: Digital Remittance Service Consumption Value Market Share Comparison (2019 & 2023 & 2030)
Figure 29. World Digital Remittance Service Market Size by Type, (USD Million), 2019 & 2023 & 2030
Figure 30. World Digital Remittance Service Market Size Market Share by Type in 2023
Figure 31. World Digital Remittance Service Market Size Market Share by Type (2019-2030)
Figure 32. World Digital Remittance Service Market Size by Application, (USD Million), 2019 & 2023 & 2030
Figure 33. World Digital Remittance Service Market Size Market Share by Application in 2023
Figure 34. Migrant Labor Workforce
Figure 35. Study Abroad and Travel
Figure 36. Small Businesses
Figure 37. Other
Figure 38. Digital Remittance Service Industrial Chain
Figure 39. Methodology
Figure 40. Research Process and Data Source
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Research Methodology

Client Requirements

yuan2

Review and analyze client requirements

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Discussion of all the project requirements and queries

Flexibility Check

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Project Feasibility Analysis

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Finalizing tentative research programme

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Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

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Determination of key drivers, restraints, challenge, and opportunity

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Identifies market needs and trends

Market Size Estimation & Forecast

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Estimation of historical data based on secondary and primary data

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Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

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Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

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Consideration of geography, region-specific product/service demand for region segments

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Consideration of product utilization rates, product demand outlook for segments by application or end-user.

tuBiao1

Data Source

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Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

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Discussion of all the project requirements and queries

Validation and triangulation of secondary and primary source.

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Collection of data

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Cumulating and collating the essential qualitative and quantitative data

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Generation of report in client requested format by research analysts

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Reviews by expert analysts

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Final quality check

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Clarifying queries

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Receiving feedback

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Ensuring satisfaction

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    01 Identification of data

    This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.

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    02 Evaluation of Market Dynamic

    This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.

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    03 Collection of Data

    This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.

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    04 Collaboration of Data

    This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.

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    05 Verification and Analysis

    This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

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TransferGo
WorldRemit
TNG Wallet
Toast Me
OrbitRemit
Smiles Mobile Remittance
Avenues India Pvt Ltd
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