Digital Remittance - Global Strategic Business Report

Global Digital Remittance Market to Reach $60.9 Billion by 2030

The global market for Digital Remittance estimated at US$23.9 Billion in the year 2022, is projected to reach a revised size of US$60.9 Billion by 2030, growing at a CAGR of 12.4% over the analysis period 2022-2030. Outward, one of the segments analyzed in the report, is projected to record 12% CAGR and reach US$34.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Inward segment is readjusted to a revised 13% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6.5 Billion, While China is Forecast to Grow at 17.2% CAGR

The Digital Remittance market in the U.S. is estimated at US$6.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$14.3 Billion by the year 2030 trailing a CAGR of 17.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 10.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.

Select Competitors (Total 36 Featured) -

• Azimo Limited
• Digital Wallet Corporation
• Flywire
• InstaReM Pvt. Ltd.
• MoneyGram
• PayPal Holdings, Inc.
• Remitly, Inc.
• Ria Financial Services Ltd.
• Ripple
• SingX Pte Ltd.
• TNG Wallet
• TransferGo Ltd.
• TransferWise Ltd.
• Western Union Holdings, Inc.
• WorldRemit Ltd.

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year