Digital Money Transfer and Remittances Comprehensive Study by Type (Domestic Money Transfer, International Money Transfer), Application (Consumer, Enterprise), Remittance Type (Inward Digital Remittance, Outward Digital Remittance), End-Use (Transfer Operators, Banks, Online Platforms, Others) Players and Region - Global Market Outlook to 2028

Digital Money Transfer and Remittances Market by XX Submarkets | Forecast Years 2023-2028  

  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
About Digital Money Transfer and Remittances
The global market for digital transfers has grown steadily over the years due to increasing automation and digitization. Digital transfer is one of the powerful monitor solutions that are responsible for the positive development of the global and local economy. A variety of economic situations are handled through banking transactions that provide identity and connectivity and also include literacy solutions. These are mainly developed by the public and private sectors through cooperation and support from government agencies. The factor like the existing refugee crisis otherwise leads to favorable growth of the global market for digital transfers. From the point of view of transfer types, the global market for digital transfers is divided into internal transfers and external transfers. In terms of end-users, the market is further divided into money transfer companies, banks, online platforms, and others.

AttributesDetails
Study Period2018-2028
Base Year2022
UnitValue (USD Million)


The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Money Transfer and Remittances market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.

Western Union (WU) (United States), Ria Financial Services (United States), Xoom Corporation (United States), TransferWise (United Kingdom), WorldRemit (United Kingdom), MoneyGram International, Inc. (United States), Remitly (United States), Azimo (United Kingdom), TransferGo (United Kingdom), InstaReM (Singapore), TNG Wallet (Hong Kong), Coins.ph (United States), Toast, Inc. (United States) and OrbitRemit (New Zealand) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Smiles Wallet Corporation (Japan), Avenues India Pvt. Ltd (India), FlyRemit (India), WeChat Payment (China) and Ant Financial (China).

Segmentation Overview
AMA Research has segmented the market of Global Digital Money Transfer and Remittances market by Type (Domestic Money Transfer and International Money Transfer), Application (Consumer and Enterprise) and Region.



On the basis of geography, the market of Digital Money Transfer and Remittances has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Remittance Type, the sub-segment i.e. Inward Digital Remittance will boost the Digital Money Transfer and Remittances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use, the sub-segment i.e. Transfer Operators will boost the Digital Money Transfer and Remittances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:
Rapid Adoption of Banking and Financial Services, Coupled With the Increasing Number of Campaigns about Digitalization and The Growing Usage of Digital Remittance Services Offers Users with High Security and Privacy

Market Growth Drivers:
Growing Need for Safer, Secure, and Quicker Cross-Border Monetary Transactions, Increased the Necessity of Digital Remittances In Order To Receive Payments from Customers and Make Payments and Rapid Growth in Industrialization and Urbanization Is Attracting the Population

Challenges:
Lack of Awareness & Guidance

Restraints:
Threat regarding Data Security

Opportunities:
Rising Smartphone Penetration, Coupled With the Increasing Number of Digital-Savvy Customers and Increasing Number of Economic Migrants Traveling From Developing Economies to Developed Economies In Search Of Better Work Opportunities

Market Leaders and their expansionary development strategies
In October 2023, Chime, a US-based neobank, partners with Stellar, a decentralized payment network, to offer its customers instant and low-cost international money transfers. This collaboration extends Chime's reach to international markets and provides its users with a convenient way to send money abroad.
In October 2023, WorldRemit partners with Visa to enable instant money transfers through Visa Direct to over 100 countries. This collaboration provides faster and more convenient remittance options for users in underserved markets.


Key Target Audience
Providers of Digital Money Transfer and Remittances, Downstream Vendors, Private Research Institutes, Market Research Organizations and Others

About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.

Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.

The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.

Report Objectives / Segmentation Covered

By Type
  • Domestic Money Transfer
  • International Money Transfer
By Application
  • Consumer
  • Enterprise
By Remittance Type
  • Inward Digital Remittance
  • Outward Digital Remittance

By End-Use
  • Transfer Operators
  • Banks
  • Online Platforms
  • Others

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Growing Need for Safer, Secure, and Quicker Cross-Border Monetary Transactions
      • 3.2.2. Increased the Necessity of Digital Remittances In Order To Receive Payments from Customers and Make Payments
      • 3.2.3. Rapid Growth in Industrialization and Urbanization Is Attracting the Population
    • 3.3. Market Challenges
      • 3.3.1. Lack of Awareness & Guidance
    • 3.4. Market Trends
      • 3.4.1. Rapid Adoption of Banking and Financial Services, Coupled With the Increasing Number of Campaigns about Digitalization
      • 3.4.2. The Growing Usage of Digital Remittance Services Offers Users with High Security and Privacy
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Digital Money Transfer and Remittances, by Type, Application, Remittance Type, End-Use and Region (value and price ) (2017-2022)
    • 5.1. Introduction
    • 5.2. Global Digital Money Transfer and Remittances (Value)
      • 5.2.1. Global Digital Money Transfer and Remittances by: Type (Value)
        • 5.2.1.1. Domestic Money Transfer
        • 5.2.1.2. International Money Transfer
      • 5.2.2. Global Digital Money Transfer and Remittances by: Application (Value)
        • 5.2.2.1. Consumer
        • 5.2.2.2. Enterprise
      • 5.2.3. Global Digital Money Transfer and Remittances by: Remittance Type (Value)
        • 5.2.3.1. Inward Digital Remittance
        • 5.2.3.2. Outward Digital Remittance
      • 5.2.4. Global Digital Money Transfer and Remittances by: End-Use (Value)
        • 5.2.4.1. Transfer Operators
        • 5.2.4.2. Banks
        • 5.2.4.3. Online Platforms
        • 5.2.4.4. Others
      • 5.2.5. Global Digital Money Transfer and Remittances Region
        • 5.2.5.1. South America
          • 5.2.5.1.1. Brazil
          • 5.2.5.1.2. Argentina
          • 5.2.5.1.3. Rest of South America
        • 5.2.5.2. Asia Pacific
          • 5.2.5.2.1. China
          • 5.2.5.2.2. Japan
          • 5.2.5.2.3. India
          • 5.2.5.2.4. South Korea
          • 5.2.5.2.5. Taiwan
          • 5.2.5.2.6. Australia
          • 5.2.5.2.7. Rest of Asia-Pacific
        • 5.2.5.3. Europe
          • 5.2.5.3.1. Germany
          • 5.2.5.3.2. France
          • 5.2.5.3.3. Italy
          • 5.2.5.3.4. United Kingdom
          • 5.2.5.3.5. Netherlands
          • 5.2.5.3.6. Rest of Europe
        • 5.2.5.4. MEA
          • 5.2.5.4.1. Middle East
          • 5.2.5.4.2. Africa
        • 5.2.5.5. North America
          • 5.2.5.5.1. United States
          • 5.2.5.5.2. Canada
          • 5.2.5.5.3. Mexico
    • 5.3. Global Digital Money Transfer and Remittances (Price)
      • 5.3.1. Global Digital Money Transfer and Remittances by: Type (Price)
  • 6. Digital Money Transfer and Remittances: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2022)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Western Union (WU) (United States)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Ria Financial Services (United States)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Xoom Corporation (United States)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. TransferWise (United Kingdom)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. WorldRemit (United Kingdom)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. MoneyGram International, Inc. (United States)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. Remitly (United States)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. Azimo (United Kingdom)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. TransferGo (United Kingdom)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. InstaReM (Singapore)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
      • 6.4.11. TNG Wallet (Hong Kong)
        • 6.4.11.1. Business Overview
        • 6.4.11.2. Products/Services Offerings
        • 6.4.11.3. Financial Analysis
        • 6.4.11.4. SWOT Analysis
      • 6.4.12. Coins.ph (United States)
        • 6.4.12.1. Business Overview
        • 6.4.12.2. Products/Services Offerings
        • 6.4.12.3. Financial Analysis
        • 6.4.12.4. SWOT Analysis
      • 6.4.13. Toast, Inc. (United States)
        • 6.4.13.1. Business Overview
        • 6.4.13.2. Products/Services Offerings
        • 6.4.13.3. Financial Analysis
        • 6.4.13.4. SWOT Analysis
      • 6.4.14. OrbitRemit (New Zealand)
        • 6.4.14.1. Business Overview
        • 6.4.14.2. Products/Services Offerings
        • 6.4.14.3. Financial Analysis
        • 6.4.14.4. SWOT Analysis
  • 7. Global Digital Money Transfer and Remittances Sale, by Type, Application, Remittance Type, End-Use and Region (value and price ) (2023-2028)
    • 7.1. Introduction
    • 7.2. Global Digital Money Transfer and Remittances (Value)
      • 7.2.1. Global Digital Money Transfer and Remittances by: Type (Value)
        • 7.2.1.1. Domestic Money Transfer
        • 7.2.1.2. International Money Transfer
      • 7.2.2. Global Digital Money Transfer and Remittances by: Application (Value)
        • 7.2.2.1. Consumer
        • 7.2.2.2. Enterprise
      • 7.2.3. Global Digital Money Transfer and Remittances by: Remittance Type (Value)
        • 7.2.3.1. Inward Digital Remittance
        • 7.2.3.2. Outward Digital Remittance
      • 7.2.4. Global Digital Money Transfer and Remittances by: End-Use (Value)
        • 7.2.4.1. Transfer Operators
        • 7.2.4.2. Banks
        • 7.2.4.3. Online Platforms
        • 7.2.4.4. Others
      • 7.2.5. Global Digital Money Transfer and Remittances Region
        • 7.2.5.1. South America
          • 7.2.5.1.1. Brazil
          • 7.2.5.1.2. Argentina
          • 7.2.5.1.3. Rest of South America
        • 7.2.5.2. Asia Pacific
          • 7.2.5.2.1. China
          • 7.2.5.2.2. Japan
          • 7.2.5.2.3. India
          • 7.2.5.2.4. South Korea
          • 7.2.5.2.5. Taiwan
          • 7.2.5.2.6. Australia
          • 7.2.5.2.7. Rest of Asia-Pacific
        • 7.2.5.3. Europe
          • 7.2.5.3.1. Germany
          • 7.2.5.3.2. France
          • 7.2.5.3.3. Italy
          • 7.2.5.3.4. United Kingdom
          • 7.2.5.3.5. Netherlands
          • 7.2.5.3.6. Rest of Europe
        • 7.2.5.4. MEA
          • 7.2.5.4.1. Middle East
          • 7.2.5.4.2. Africa
        • 7.2.5.5. North America
          • 7.2.5.5.1. United States
          • 7.2.5.5.2. Canada
          • 7.2.5.5.3. Mexico
    • 7.3. Global Digital Money Transfer and Remittances (Price)
      • 7.3.1. Global Digital Money Transfer and Remittances by: Type (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Digital Money Transfer and Remittances: by Type(USD Million)
  • Table 2. Digital Money Transfer and Remittances Domestic Money Transfer , by Region USD Million (2017-2022)
  • Table 3. Digital Money Transfer and Remittances International Money Transfer , by Region USD Million (2017-2022)
  • Table 4. Digital Money Transfer and Remittances: by Application(USD Million)
  • Table 5. Digital Money Transfer and Remittances Consumer , by Region USD Million (2017-2022)
  • Table 6. Digital Money Transfer and Remittances Enterprise , by Region USD Million (2017-2022)
  • Table 7. Digital Money Transfer and Remittances: by Remittance Type(USD Million)
  • Table 8. Digital Money Transfer and Remittances Inward Digital Remittance , by Region USD Million (2017-2022)
  • Table 9. Digital Money Transfer and Remittances Outward Digital Remittance , by Region USD Million (2017-2022)
  • Table 10. Digital Money Transfer and Remittances: by End-Use(USD Million)
  • Table 11. Digital Money Transfer and Remittances Transfer Operators , by Region USD Million (2017-2022)
  • Table 12. Digital Money Transfer and Remittances Banks , by Region USD Million (2017-2022)
  • Table 13. Digital Money Transfer and Remittances Online Platforms , by Region USD Million (2017-2022)
  • Table 14. Digital Money Transfer and Remittances Others , by Region USD Million (2017-2022)
  • Table 15. South America Digital Money Transfer and Remittances, by Country USD Million (2017-2022)
  • Table 16. South America Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 17. South America Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 18. South America Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 19. South America Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 20. Brazil Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 21. Brazil Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 22. Brazil Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 23. Brazil Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 24. Argentina Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 25. Argentina Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 26. Argentina Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 27. Argentina Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 28. Rest of South America Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 29. Rest of South America Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 30. Rest of South America Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 31. Rest of South America Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 32. Asia Pacific Digital Money Transfer and Remittances, by Country USD Million (2017-2022)
  • Table 33. Asia Pacific Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 34. Asia Pacific Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 35. Asia Pacific Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 36. Asia Pacific Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 37. China Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 38. China Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 39. China Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 40. China Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 41. Japan Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 42. Japan Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 43. Japan Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 44. Japan Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 45. India Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 46. India Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 47. India Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 48. India Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 49. South Korea Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 50. South Korea Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 51. South Korea Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 52. South Korea Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 53. Taiwan Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 54. Taiwan Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 55. Taiwan Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 56. Taiwan Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 57. Australia Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 58. Australia Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 59. Australia Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 60. Australia Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 61. Rest of Asia-Pacific Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 62. Rest of Asia-Pacific Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 63. Rest of Asia-Pacific Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 64. Rest of Asia-Pacific Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 65. Europe Digital Money Transfer and Remittances, by Country USD Million (2017-2022)
  • Table 66. Europe Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 67. Europe Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 68. Europe Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 69. Europe Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 70. Germany Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 71. Germany Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 72. Germany Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 73. Germany Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 74. France Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 75. France Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 76. France Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 77. France Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 78. Italy Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 79. Italy Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 80. Italy Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 81. Italy Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 82. United Kingdom Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 83. United Kingdom Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 84. United Kingdom Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 85. United Kingdom Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 86. Netherlands Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 87. Netherlands Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 88. Netherlands Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 89. Netherlands Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 90. Rest of Europe Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 91. Rest of Europe Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 92. Rest of Europe Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 93. Rest of Europe Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 94. MEA Digital Money Transfer and Remittances, by Country USD Million (2017-2022)
  • Table 95. MEA Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 96. MEA Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 97. MEA Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 98. MEA Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 99. Middle East Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 100. Middle East Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 101. Middle East Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 102. Middle East Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 103. Africa Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 104. Africa Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 105. Africa Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 106. Africa Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 107. North America Digital Money Transfer and Remittances, by Country USD Million (2017-2022)
  • Table 108. North America Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 109. North America Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 110. North America Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 111. North America Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 112. United States Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 113. United States Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 114. United States Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 115. United States Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 116. Canada Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 117. Canada Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 118. Canada Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 119. Canada Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 120. Mexico Digital Money Transfer and Remittances, by Type USD Million (2017-2022)
  • Table 121. Mexico Digital Money Transfer and Remittances, by Application USD Million (2017-2022)
  • Table 122. Mexico Digital Money Transfer and Remittances, by Remittance Type USD Million (2017-2022)
  • Table 123. Mexico Digital Money Transfer and Remittances, by End-Use USD Million (2017-2022)
  • Table 124. Digital Money Transfer and Remittances: by Type(USD/Units)
  • Table 125. Company Basic Information, Sales Area and Its Competitors
  • Table 126. Company Basic Information, Sales Area and Its Competitors
  • Table 127. Company Basic Information, Sales Area and Its Competitors
  • Table 128. Company Basic Information, Sales Area and Its Competitors
  • Table 129. Company Basic Information, Sales Area and Its Competitors
  • Table 130. Company Basic Information, Sales Area and Its Competitors
  • Table 131. Company Basic Information, Sales Area and Its Competitors
  • Table 132. Company Basic Information, Sales Area and Its Competitors
  • Table 133. Company Basic Information, Sales Area and Its Competitors
  • Table 134. Company Basic Information, Sales Area and Its Competitors
  • Table 135. Company Basic Information, Sales Area and Its Competitors
  • Table 136. Company Basic Information, Sales Area and Its Competitors
  • Table 137. Company Basic Information, Sales Area and Its Competitors
  • Table 138. Company Basic Information, Sales Area and Its Competitors
  • Table 139. Digital Money Transfer and Remittances: by Type(USD Million)
  • Table 140. Digital Money Transfer and Remittances Domestic Money Transfer , by Region USD Million (2023-2028)
  • Table 141. Digital Money Transfer and Remittances International Money Transfer , by Region USD Million (2023-2028)
  • Table 142. Digital Money Transfer and Remittances: by Application(USD Million)
  • Table 143. Digital Money Transfer and Remittances Consumer , by Region USD Million (2023-2028)
  • Table 144. Digital Money Transfer and Remittances Enterprise , by Region USD Million (2023-2028)
  • Table 145. Digital Money Transfer and Remittances: by Remittance Type(USD Million)
  • Table 146. Digital Money Transfer and Remittances Inward Digital Remittance , by Region USD Million (2023-2028)
  • Table 147. Digital Money Transfer and Remittances Outward Digital Remittance , by Region USD Million (2023-2028)
  • Table 148. Digital Money Transfer and Remittances: by End-Use(USD Million)
  • Table 149. Digital Money Transfer and Remittances Transfer Operators , by Region USD Million (2023-2028)
  • Table 150. Digital Money Transfer and Remittances Banks , by Region USD Million (2023-2028)
  • Table 151. Digital Money Transfer and Remittances Online Platforms , by Region USD Million (2023-2028)
  • Table 152. Digital Money Transfer and Remittances Others , by Region USD Million (2023-2028)
  • Table 153. South America Digital Money Transfer and Remittances, by Country USD Million (2023-2028)
  • Table 154. South America Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 155. South America Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 156. South America Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 157. South America Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 158. Brazil Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 159. Brazil Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 160. Brazil Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 161. Brazil Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 162. Argentina Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 163. Argentina Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 164. Argentina Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 165. Argentina Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 166. Rest of South America Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 167. Rest of South America Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 168. Rest of South America Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 169. Rest of South America Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 170. Asia Pacific Digital Money Transfer and Remittances, by Country USD Million (2023-2028)
  • Table 171. Asia Pacific Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 172. Asia Pacific Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 173. Asia Pacific Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 174. Asia Pacific Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 175. China Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 176. China Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 177. China Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 178. China Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 179. Japan Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 180. Japan Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 181. Japan Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 182. Japan Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 183. India Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 184. India Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 185. India Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 186. India Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 187. South Korea Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 188. South Korea Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 189. South Korea Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 190. South Korea Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 191. Taiwan Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 192. Taiwan Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 193. Taiwan Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 194. Taiwan Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 195. Australia Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 196. Australia Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 197. Australia Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 198. Australia Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 199. Rest of Asia-Pacific Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 200. Rest of Asia-Pacific Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 201. Rest of Asia-Pacific Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 202. Rest of Asia-Pacific Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 203. Europe Digital Money Transfer and Remittances, by Country USD Million (2023-2028)
  • Table 204. Europe Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 205. Europe Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 206. Europe Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 207. Europe Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 208. Germany Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 209. Germany Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 210. Germany Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 211. Germany Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 212. France Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 213. France Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 214. France Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 215. France Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 216. Italy Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 217. Italy Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 218. Italy Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 219. Italy Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 220. United Kingdom Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 221. United Kingdom Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 222. United Kingdom Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 223. United Kingdom Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 224. Netherlands Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 225. Netherlands Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 226. Netherlands Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 227. Netherlands Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 228. Rest of Europe Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 229. Rest of Europe Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 230. Rest of Europe Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 231. Rest of Europe Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 232. MEA Digital Money Transfer and Remittances, by Country USD Million (2023-2028)
  • Table 233. MEA Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 234. MEA Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 235. MEA Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 236. MEA Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 237. Middle East Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 238. Middle East Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 239. Middle East Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 240. Middle East Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 241. Africa Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 242. Africa Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 243. Africa Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 244. Africa Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 245. North America Digital Money Transfer and Remittances, by Country USD Million (2023-2028)
  • Table 246. North America Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 247. North America Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 248. North America Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 249. North America Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 250. United States Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 251. United States Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 252. United States Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 253. United States Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 254. Canada Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 255. Canada Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 256. Canada Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 257. Canada Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 258. Mexico Digital Money Transfer and Remittances, by Type USD Million (2023-2028)
  • Table 259. Mexico Digital Money Transfer and Remittances, by Application USD Million (2023-2028)
  • Table 260. Mexico Digital Money Transfer and Remittances, by Remittance Type USD Million (2023-2028)
  • Table 261. Mexico Digital Money Transfer and Remittances, by End-Use USD Million (2023-2028)
  • Table 262. Digital Money Transfer and Remittances: by Type(USD/Units)
  • Table 263. Research Programs/Design for This Report
  • Table 264. Key Data Information from Secondary Sources
  • Table 265. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global Digital Money Transfer and Remittances: by Type USD Million (2017-2022)
  • Figure 5. Global Digital Money Transfer and Remittances: by Application USD Million (2017-2022)
  • Figure 6. Global Digital Money Transfer and Remittances: by Remittance Type USD Million (2017-2022)
  • Figure 7. Global Digital Money Transfer and Remittances: by End-Use USD Million (2017-2022)
  • Figure 8. South America Digital Money Transfer and Remittances Share (%), by Country
  • Figure 9. Asia Pacific Digital Money Transfer and Remittances Share (%), by Country
  • Figure 10. Europe Digital Money Transfer and Remittances Share (%), by Country
  • Figure 11. MEA Digital Money Transfer and Remittances Share (%), by Country
  • Figure 12. North America Digital Money Transfer and Remittances Share (%), by Country
  • Figure 13. Global Digital Money Transfer and Remittances: by Type USD/Units (2017-2022)
  • Figure 14. Global Digital Money Transfer and Remittances share by Players 2022 (%)
  • Figure 15. Global Digital Money Transfer and Remittances share by Players (Top 3) 2022(%)
  • Figure 16. Global Digital Money Transfer and Remittances share by Players (Top 5) 2022(%)
  • Figure 17. BCG Matrix for key Companies
  • Figure 18. Western Union (WU) (United States) Revenue, Net Income and Gross profit
  • Figure 19. Western Union (WU) (United States) Revenue: by Geography 2022
  • Figure 20. Ria Financial Services (United States) Revenue, Net Income and Gross profit
  • Figure 21. Ria Financial Services (United States) Revenue: by Geography 2022
  • Figure 22. Xoom Corporation (United States) Revenue, Net Income and Gross profit
  • Figure 23. Xoom Corporation (United States) Revenue: by Geography 2022
  • Figure 24. TransferWise (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 25. TransferWise (United Kingdom) Revenue: by Geography 2022
  • Figure 26. WorldRemit (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 27. WorldRemit (United Kingdom) Revenue: by Geography 2022
  • Figure 28. MoneyGram International, Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 29. MoneyGram International, Inc. (United States) Revenue: by Geography 2022
  • Figure 30. Remitly (United States) Revenue, Net Income and Gross profit
  • Figure 31. Remitly (United States) Revenue: by Geography 2022
  • Figure 32. Azimo (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 33. Azimo (United Kingdom) Revenue: by Geography 2022
  • Figure 34. TransferGo (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 35. TransferGo (United Kingdom) Revenue: by Geography 2022
  • Figure 36. InstaReM (Singapore) Revenue, Net Income and Gross profit
  • Figure 37. InstaReM (Singapore) Revenue: by Geography 2022
  • Figure 38. TNG Wallet (Hong Kong) Revenue, Net Income and Gross profit
  • Figure 39. TNG Wallet (Hong Kong) Revenue: by Geography 2022
  • Figure 40. Coins.ph (United States) Revenue, Net Income and Gross profit
  • Figure 41. Coins.ph (United States) Revenue: by Geography 2022
  • Figure 42. Toast, Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 43. Toast, Inc. (United States) Revenue: by Geography 2022
  • Figure 44. OrbitRemit (New Zealand) Revenue, Net Income and Gross profit
  • Figure 45. OrbitRemit (New Zealand) Revenue: by Geography 2022
  • Figure 46. Global Digital Money Transfer and Remittances: by Type USD Million (2023-2028)
  • Figure 47. Global Digital Money Transfer and Remittances: by Application USD Million (2023-2028)
  • Figure 48. Global Digital Money Transfer and Remittances: by Remittance Type USD Million (2023-2028)
  • Figure 49. Global Digital Money Transfer and Remittances: by End-Use USD Million (2023-2028)
  • Figure 50. South America Digital Money Transfer and Remittances Share (%), by Country
  • Figure 51. Asia Pacific Digital Money Transfer and Remittances Share (%), by Country
  • Figure 52. Europe Digital Money Transfer and Remittances Share (%), by Country
  • Figure 53. MEA Digital Money Transfer and Remittances Share (%), by Country
  • Figure 54. North America Digital Money Transfer and Remittances Share (%), by Country
  • Figure 55. Global Digital Money Transfer and Remittances: by Type USD/Units (2023-2028)
List of companies from research coverage that are profiled in the study
  • Western Union (WU) (United States)
  • Ria Financial Services (United States)
  • Xoom Corporation (United States)
  • TransferWise (United Kingdom)
  • WorldRemit (United Kingdom)
  • MoneyGram International, Inc. (United States)
  • Remitly (United States)
  • Azimo (United Kingdom)
  • TransferGo (United Kingdom)
  • InstaReM (Singapore)
  • TNG Wallet (Hong Kong)
  • Coins.ph (United States)
  • Toast, Inc. (United States)
  • OrbitRemit (New Zealand)
Additional players considered in the study are as follows:
Smiles Wallet Corporation (Japan) , Avenues India Pvt. Ltd (India) , FlyRemit (India) , WeChat Payment (China) , Ant Financial (China)
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Key Highlights of Report


Dec 2023 202 Pages 91 Tables Base Year: 2022 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

The standard version of the report profiles players such as Western Union (WU) (United States), Ria Financial Services (United States), Xoom Corporation (United States), TransferWise (United Kingdom), WorldRemit (United Kingdom), MoneyGram International, Inc. (United States), Remitly (United States), Azimo (United Kingdom), TransferGo (United Kingdom), InstaReM (Singapore), TNG Wallet (Hong Kong), Coins.ph (United States), Toast, Inc. (United States) and OrbitRemit (New Zealand) etc.
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
"Rapid Adoption of Banking and Financial Services, Coupled With the Increasing Number of Campaigns about Digitalization " is seen as one of major influencing trends for Digital Money Transfer and Remittances Market during projected period 2022-2028.
The Digital Money Transfer and Remittances market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list in our research coverage.

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