Digital Money Transfer market value extracted; highlights innovation & opportunity for future

Digital Money Transfer Market Latest Edition Published with Forecast to 2027


According to the report, Growing E-Commerce Application In P2P Technology is one of the primary growth factors for the market. Growing Acceptance of Online Banking is also expected to contribute significantly to the Digital Money Transfer market growth. Overall, Consumer applications of Digital Money Transfer, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Medium , such as Mobile-to-Mobile transfer (M2M), is boosting the Digital Money Transfer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service, such as Domestic Money Transfer, is boosting the Digital Money Transfer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Transactions Type, such as Direct Deposits, is boosting the Digital Money Transfer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Banking, is boosting the Digital Money Transfer market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Digital Money Transfer market identified that the demand is rising in many different parts of the world as "Digital Money Transfers has many growth opportunities precisely in the developing countries which include China and India. The Indian government is focusing to develop positive policy framework which includes Goods & service taxes, improving digital infrastructure, financial inclusion and launching payment systems such as Aadhar enabled payments, UPI & other fueling the digital payment sector.". Furthermore, some recent industry insights like "In August 2019, Libra announced that they are planning to use Facebook as a platform where people would be able to transfer money, and this will give both Libra, Facebook, and their associates leverage of magnified scale. This can also use Facebook cryptocurrency as a method." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Digital Money Transfer market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Digital Money Transfer market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at complete Table of Content: Global Digital Money Transfer Market Study

Data Triangulation
The overall Digital Money Transfer market size is calculated using market estimation process, the Digital Money Transfer market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Digital Money Transfer market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager