Digital money transfers — sending money to another person via digital platforms — is a modern convenience that makes transferring funds easier, quicker and enables remote sends.



Scope of the Report:

This report studies the Digital Money Transfer & Remittances market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Digital Money Transfer & Remittances market by product type and applications/end industries.

The research explores the best practice for service deployment, identifies the optimal markets for growth, assesses key player capabilities and provides the most in-depth forecasts across a range of key metrics. The research includes an analysis of the long term implications of, and strategic recommendations

For many payment services, P2P is a service to drive consumer acceptance, rather than a stand-alone, revenue-generating business. Proof of that model is indicated in the typical fee structures; low or no-fee offerings are a way to gain market and mind share. Once they get the app into people’s hands, they then can leverage that with payments for businesses, remittances or for a variety of other financial services.

The global Digital Money Transfer & Remittances market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Digital Money Transfer & Remittances.

Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.



Market Segment by Companies, this report covers

Western Union (WU)

Ria Financial Services

PayPal/Xoom

TransferWise

WorldRemit

MoneyGram

Remitly

Azimo

TransferGo

InstaReM

TNG Wallet

Coins.ph

Toast

OrbitRemit

Smiles/Digital Wallet Corporation

Avenues India Pvt Ltd

FlyRemit

WeChat Payment

Ant Financial/Alipay



Market Segment by Regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)



Market Segment by Type, covers

Domestic Money Transfer

International Money Transfer



Market Segment by Applications, can be divided into

Consumer

Enterprise