Digital Remittance Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026

The report on the global digital remittance market provides qualitative and quantitative analysis for the period from 2018 to 2026. The report predicts the global digital remittance market to grow with a healthy CAGR over the forecast period from 2020-2026. The study on digital remittance market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2018 to 2026.

The report on digital remittance market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global digital remittance market over the period of 2018 to 2026. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global digital remittance market over the period of 2018 to 2026. Further, the Growth Matrix given in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Reduced transfer time and remittance costs
• The rapid adoption of financial and banking services and the increasing number of campaigns about digitalization

2) Restraints

• Deficiency of awareness & guidance is a major factor restraining the people from adopting digital remittance transfer mode

3) Opportunities

• Growing regulatory initiatives that inspire all financial authorizations to become more transparent and governments’ initiatives in the development of richer ecosystems of data

Research Methodology

A) Primary Research
The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global digital remittance market is segmented on the basis of remittance channel, and end-user.

The Global Digital Remittance Market by Remittance Channel

• Banks
• Money Transfer Operators
• Others

The Global Digital Remittance Market by End-user

• Migrant Labor Workforce
• Low-income Households
• Small Businesses
• Others

Company Profiles
The companies covered in the report include

• Mobetize Corp.
• Remitly
• Regalii
• peerTransfer
• Currency Cloud
• Azimo
• WorldRemit
• TransferWise
• Ripple
• MoneyGram

What does this report deliver?
1. Comprehensive analysis of the global as well as regional markets of the digital remittance market.
2. Complete coverage of all the segments in the digital remittance market to analyse the trends, developments in the global market and forecast of market size up to 2026.
3. Comprehensive analysis of the companies operating in the global digital remittance market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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