“The Global Automatic Transfer Money Market is Estimated to be USD 25.3 Bn in 2021 and is Expected to Reach USD 37.69 Bn by 2026, Growing at a CAGR of 8.3%
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FEATURED COMPANIES
- Artsyl RemittanceAction
- FINSYNC
- JPMorgan Chase Bank
- Pangea USA, LLC
- Remitly
- The Balance
The Global Automatic Transfer Money Market is estimated to be USD 25.3 Bn in 2021 and is expected to reach USD 37.69 Bn by 2026, growing at a CAGR of 8.3%.
Market Dynamics
The frequent movement of funds from a checking account to a savings account is often done by the automatic transfer money market. The factors increasing the growth of the market are putting up automatic transfers to pay bills is a handy accounting device since they can be used for periodic equal payments, such as for finances or other loan expenses, rise in customer preference for the mobile applications for fund transfer, and another widespread factor includes usage of these transfer for overdraft security.
Cybersecurity has become particularly essential among online deposits to avoid making automated information susceptible to destruction or theft. It can happen in a variety of forms, such as direct access attacks, contains bugs & viruses, backdoor attacks, and denial of service attacks. These are considered as the market restraints.
Market Segmentation
The Global Automatic Transfer Money Market is segmented further based on End User, and Geography.
By End User, the market is classified as Banks, NBFC, and individual customers. Amongst all, the Banks segment is estimated to hold the highest market share during the forecast period.
By Geography, North America is projected to lead the market.
Recent Developments
1. Paytm launches smartphone-based NFC payments for merchants. - 30th June 2021.
2. NPCI to launch a new digital payments product for feature phones. - 21st Mar 2021.
Company Profiles
Some of the companies covered in this report are Google pay, HDFC Bank Ltd., JPMorgan Chase Bank, Money Transfer System, MOVERFOCUS, etc.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
Market Dynamics
The frequent movement of funds from a checking account to a savings account is often done by the automatic transfer money market. The factors increasing the growth of the market are putting up automatic transfers to pay bills is a handy accounting device since they can be used for periodic equal payments, such as for finances or other loan expenses, rise in customer preference for the mobile applications for fund transfer, and another widespread factor includes usage of these transfer for overdraft security.
Cybersecurity has become particularly essential among online deposits to avoid making automated information susceptible to destruction or theft. It can happen in a variety of forms, such as direct access attacks, contains bugs & viruses, backdoor attacks, and denial of service attacks. These are considered as the market restraints.
Market Segmentation
The Global Automatic Transfer Money Market is segmented further based on End User, and Geography.
By End User, the market is classified as Banks, NBFC, and individual customers. Amongst all, the Banks segment is estimated to hold the highest market share during the forecast period.
By Geography, North America is projected to lead the market.
Recent Developments
1. Paytm launches smartphone-based NFC payments for merchants. - 30th June 2021.
2. NPCI to launch a new digital payments product for feature phones. - 21st Mar 2021.
Company Profiles
Some of the companies covered in this report are Google pay, HDFC Bank Ltd., JPMorgan Chase Bank, Money Transfer System, MOVERFOCUS, etc.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Automatic Transfer Money Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using the Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Artsyl RemittanceAction
- FINSYNC
- JPMorgan Chase Bank
- Pangea USA, LLC
- Remitly
- The Balance
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Growing Digitalization in the Banking Sector
4.1.2 Rising Banking Loan Approvals & Investment Services
4.1.3 Customer inclination Towards Mobile Apps for Fund Transfer
4.2 Restraints
4.2.1 Rising Number of Security Issues & Fraud in the Sector
4.3 Opportunities
4.3.1 Increasing Number of Saving Accounts
4.3.2 Development of Convenient and User-Friendly Platforms
4.4 Challenges
4.4.1 Customer Trust Issues & Acceptance in Low-Income Countries
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Automatic Transfer Money Market, By End User
6.1 Introduction
6.2 Banks
6.3 NBFC
6.4 Individual Customers
7 Global Automatic Transfer Money Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 South America
7.3.1 Brazil
7.3.2 Argentina
7.3.3 Chile
7.3.4 Colombia
7.4 Europe
7.4.1 UK
7.4.2 France
7.4.3 Germany
7.4.4 Italy
7.4.5 Spain
7.4.6 Netherlands
7.4.7 Sweden
7.4.8 Russia
7.4.9 Rest of Europe
7.5 Asia-Pacific
7.5.1 China
7.5.2 Japan
7.5.3 India
7.5.4 Indonesia
7.5.5 Malaysia
7.5.6 South Korea
7.5.7 Australia
7.5.8 Sri Lanka
7.5.9 Thailand
7.5.10 Rest of APAC
7.6 Middle-East and Africa
7.6.1 Qatar
7.6.2 Saudi Arabia
7.6.3 South Africa
7.6.4 United Arab Emirates
8 Competitive Landscape
8.1 Competitive Quadrant
8.2 Market Share Analysis
8.3 Strategic Initiatives
8.3.1 M&A and Investments
8.3.2 Partnerships and Collaborations
8.3.3 Product Developments and Improvements
9 Company Profiles
9.1 Artsyl RemittanceAction
9.2 Automatic Funds Transfer Services
9.3 Azimo
9.4 Bank of America Corporation
9.5 Canopus Remittance
9.6 Digital Federal Credit Union
9.7 FINSYNC
9.8 Google pay
9.9 HDFC Bank Ltd.
9.10 JPMorgan Chase Bank
9.11 Money Transfer System
9.12 MOVERFOCUS
9.13 mPayX - Money Transfer Software
9.14 N.A. by JPMorgan Chase & Co.
9.15 National Payments Corporation Of India
9.16 One Mobikwik System Pvt Ltd
9.17 Pangea USA, LLC
9.18 Paytm
9.19 Phonepay
9.20 Remitly
9.21 Skrill Limited
9.22 State Bank of India
9.23 The Balance
9.24 The PNC Financial Services Group, Inc.
9.25 TransferWise
9.26 Vayupay
10 Appendix
10.1 Questionnaire
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Growing Digitalization in the Banking Sector
4.1.2 Rising Banking Loan Approvals & Investment Services
4.1.3 Customer inclination Towards Mobile Apps for Fund Transfer
4.2 Restraints
4.2.1 Rising Number of Security Issues & Fraud in the Sector
4.3 Opportunities
4.3.1 Increasing Number of Saving Accounts
4.3.2 Development of Convenient and User-Friendly Platforms
4.4 Challenges
4.4.1 Customer Trust Issues & Acceptance in Low-Income Countries
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Automatic Transfer Money Market, By End User
6.1 Introduction
6.2 Banks
6.3 NBFC
6.4 Individual Customers
7 Global Automatic Transfer Money Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 South America
7.3.1 Brazil
7.3.2 Argentina
7.3.3 Chile
7.3.4 Colombia
7.4 Europe
7.4.1 UK
7.4.2 France
7.4.3 Germany
7.4.4 Italy
7.4.5 Spain
7.4.6 Netherlands
7.4.7 Sweden
7.4.8 Russia
7.4.9 Rest of Europe
7.5 Asia-Pacific
7.5.1 China
7.5.2 Japan
7.5.3 India
7.5.4 Indonesia
7.5.5 Malaysia
7.5.6 South Korea
7.5.7 Australia
7.5.8 Sri Lanka
7.5.9 Thailand
7.5.10 Rest of APAC
7.6 Middle-East and Africa
7.6.1 Qatar
7.6.2 Saudi Arabia
7.6.3 South Africa
7.6.4 United Arab Emirates
8 Competitive Landscape
8.1 Competitive Quadrant
8.2 Market Share Analysis
8.3 Strategic Initiatives
8.3.1 M&A and Investments
8.3.2 Partnerships and Collaborations
8.3.3 Product Developments and Improvements
9 Company Profiles
9.1 Artsyl RemittanceAction
9.2 Automatic Funds Transfer Services
9.3 Azimo
9.4 Bank of America Corporation
9.5 Canopus Remittance
9.6 Digital Federal Credit Union
9.7 FINSYNC
9.8 Google pay
9.9 HDFC Bank Ltd.
9.10 JPMorgan Chase Bank
9.11 Money Transfer System
9.12 MOVERFOCUS
9.13 mPayX - Money Transfer Software
9.14 N.A. by JPMorgan Chase & Co.
9.15 National Payments Corporation Of India
9.16 One Mobikwik System Pvt Ltd
9.17 Pangea USA, LLC
9.18 Paytm
9.19 Phonepay
9.20 Remitly
9.21 Skrill Limited
9.22 State Bank of India
9.23 The Balance
9.24 The PNC Financial Services Group, Inc.
9.25 TransferWise
9.26 Vayupay
10 Appendix
10.1 Questionnaire
Note: Product cover images may vary from those shown
- Artsyl RemittanceAction
- Automatic Funds Transfer Services
- Azimo
- Bank of America Corporation
- Canopus Remittance
- Digital Federal Credit Union
- FINSYNC
- Google pay
- HDFC Bank Ltd.
- JPMorgan Chase Bank
- Money Transfer System
- MOVERFOCUS
- mPayX - Money Transfer Software
- N.A. by JPMorgan Chase & Co.
- National Payments Corporation Of India
- One Mobikwik System Pvt Ltd
- Pangea USA, LLC
- Paytm
- Phonepay
- Remitly
- Skrill Limited
- State Bank of India
- The Balance
- The PNC Financial Services Group, Inc.
- TransferWise
- Vayupay
Note: Product cover images may vary from those shown
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