Crypto-Powered Remittances Global Market Report 2025

The crypto-powered remittances market size has grown exponentially in recent years. It will grow from $22.18 billion in 2024 to $27.87 billion in 2025 at a compound annual growth rate (CAGR) of 25.6%. The growth in the historic period can be attributed to increasing regulatory clarity supporting crypto-based remittances, rising remittance volumes from migrant workers, growing investment in cryptocurrency payment infrastructure, increasing adoption of stablecoins for remittance transactions, and expanding trust in secure and transparent blockchain networks.

The crypto-powered remittances market size is expected to see exponential growth in the next few years. It will grow to $68.59 billion in 2029 at a compound annual growth rate (CAGR) of 25.3%. The growth in the forecast period can be attributed to rising adoption of cryptocurrencies for cross-border transactions, increasing demand for faster and lower-cost international money transfers, growing smartphone and internet penetration in developing regions, expanding financial inclusion in underbanked areas, and increasing awareness of blockchain-based payment solutions. Key trends in the forecast period include technological advancements in blockchain networks enabling faster transactions, integration of crypto wallets with traditional banking systems, improvements in stablecoin solutions to reduce volatility risks, developments in secure cryptographic protocols for payments, and automation of cross-border remittance processes through technology.

The rising demand for cross-border payments is expected to drive the growth of the crypto-powered remittances market going forward. Cross-border payments are financial transactions that transfer funds from a payer in one country to a recipient in another, often involving currency conversion and international settlement. Demand for cross-border payments is increasing due to the expansion of global trade and e-commerce, creating a need for seamless international transactions. Crypto-powered remittances support cross-border payments by enabling faster, cheaper, and more secure transfers, bypassing traditional banking systems and reducing fees and settlement times. For example, in March 2025, according to BVNK Services Limited, a UK-based fintech company, stablecoins recorded $32 trillion in transaction volume in 2024, with payment-related transactions accounting for about $6 trillion, representing roughly 3% of the estimated $195 trillion in global cross-border payments. Therefore, the rising demand for cross-border payments is driving the growth of the crypto-powered remittances market.

Key companies operating in the crypto-powered remittances market are focusing on technological advancements such as blockchain-based payment processing to enable faster, more secure, and cost-efficient cross-border money transfers. Blockchain-based payment processing uses blockchain technology to record, verify, and settle financial transactions securely and transparently without relying on traditional intermediaries such as banks. For instance, in April 2025, Mastercard Inc., a US-based credit card company, launched comprehensive end-to-end capabilities to power stablecoin transactions from crypto wallets to merchant checkouts, enabling consumers to use stablecoins for everyday payments and merchants to receive stablecoins directly. This integration offers fast, low-cost, and secure transactions with reduced volatility compared to other cryptocurrencies, bridging digital assets and traditional finance. The solution enhances financial inclusion and global payment efficiency, making stablecoins practical for everyday payments, remittances, and commerce.

In August 2025, SoFi Technologies Inc., a US-based financial company, partnered with Lightspark Software Inc. to enable seamless Bitcoin payments and faster crypto transactions. Through this partnership, SoFi aims to provide members with faster, cheaper, and more transparent international money transfers by leveraging blockchain technology and the Bitcoin Lightning Network directly within the SoFi app. Lightspark Software Inc. is a US-based fintech company specializing in crypto-powered remittances.

Major players in the crypto-powered remittances market are SoFi Technologies Inc., MoneyGram International Inc., Sempo Ltd., Paysafe Group Ltd., Strike Inc., Wirex Limited, BitPay Inc., Coins.ph Inc., Everex Inc., Triple-A Technologies Pte. Ltd., Abra Inc., Fideum UAB, Mazzuma Technologies Ltd., Metal Pay Inc., PEXX Inc., Rebit.ph, Yellow Card Financial Inc., Bitso Inc., Pouch Philippines Inc., Remittix Labs Inc.

Asia-Pacific was the largest region in the crypto-powered remittances market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in crypto-powered remittances report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

The crypto-powered remittances market research report is one of a series of new reports that provides crypto-powered remittances market statistics, including crypto-powered remittances industry global market size, regional shares, competitors with a crypto-powered remittances market share, detailed crypto-powered remittances market segments, market trends and opportunities, and any further data you may need to thrive in the crypto-powered remittances industry. This crypto-powered remittances market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Crypto-powered remittances refer to the transfer of funds across borders using cryptocurrencies or blockchain-based platforms instead of conventional banking or money transfer services. This approach utilizes digital currencies such as stablecoins or other crypto assets to enable faster, more cost-effective, and transparent international money transfers, often with lower fees and fewer intermediaries.

The key types of crypto-powered remittances are cross-border remittances and domestic remittances. Cross-border remittances involve transferring money from one country to another. Cryptocurrencies such as Bitcoin, Ethereum, stablecoins, and others are used and accessed through delivery channels including online platforms, mobile applications, crypto exchanges, and others. These solutions are applied across personal, business, and other use cases, serving end users such as migrant workers, businesses, financial institutions, and others.

The countries covered in the crypto-powered remittances market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The crypto-powered remittances market includes revenues earned by entities through cross-border money transfer, wallet services, and real-time transaction tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.