Money Transfer Agency Comprehensive Study by Type (Recurring Money Transfer, One-Time Money Transfer), Destination (International, Domestic), Mode (Banks, Money Transfer Operators, Online Platforms, Others), End User (Individual, Business, Others) Players and Region - Global Market Outlook to 2030

Money Transfer Agency Market by XX Submarkets | Forecast Years 2024-2030 | CAGR: 16.2%  

  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
About Money Transfer Agency
Money Transfer Agency or the banks employ electronic funds transfer (EFT), to send money across the globe. Sending money to another country or making international payments has become so quick that it simply takes a few minutes. Data is exchanged instantly and money is transferred due to the internet. Money is securely exchanged over the internet using multiple levels of coding. The money transfer business is simple, straightforward, and safe. It is based on the age-old phenomena of money wiring. Money transfer businesses let overseas migrants send money back to their home nations. It is made up of several channels such as banks, money transfer providers, and mobile network distributors. This industry has become one of the fastest growing due to the combination of current technologies with traditional ideas. Furthermore, due to recent expansion in enterprises affiliated with consumers and individuals working overseas, money transfers have expanded dramatically.

AttributesDetails
Study Period2018-2030
Base Year2023
UnitValue (USD Million)
CAGR16.2%


The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Money Transfer Agency 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.

Wise (United Kingdom), WorldRemit (United Kingdom), OFX (Australia), Payoneer (United States), Remitly, Inc. (United States), Skrill (United Kingdom), Xoom Corporation (United States), MoneyGram International Inc. (United States), Azimo (United Kingdom), Wells Fargo (United States), XE (Canada) and Ria Money Transfer (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Uphold (United States) and TransferGo (United Kingdom).

Segmentation Overview
AMA Research has segmented the market of Global Money Transfer Agency market by Type (Recurring Money Transfer and One-Time Money Transfer) and Region.



On the basis of geography, the market of Money Transfer Agency has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Destination, the sub-segment i.e. International will boost the Money Transfer Agency market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode, the sub-segment i.e. Banks will boost the Money Transfer Agency market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Individual will boost the Money Transfer Agency market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:
Emergence of Online Money Transfer Platforms and Growth of Mobile Wallets

Market Growth Drivers:
Growing Cross-Border Transactions and Decreasing Money Transfer Time and Remittance Cost Drives the Money Transfer Market

Challenges:
High Cost of Upgrading and Redesigning Systems

Restraints:
Rising Concerns Regarding Data Theft

Opportunities:
The Current Pandemic Creates Opportunity for Online Money Transfer and Rising Opportunities in Emerging Economics

Market Leaders and their expansionary development strategies
In August 2020 WorldRemit had announced the acquisition of Sendwave. WorldRemit's acquisition of Sendwave, which provides instant, no/low-fee, and fully digital payments from North America and Europe to East Africa, will address client needs for secure and fast digital transactions, particularly in light of today's travel bans and economic instability.
In August 2023, ZILO, the UK-based FinTech company, has launched its SaaS technology platform for global transfer agency services. ‍The company aims to transform the global transfer agency market by improving the technology of custodian banks and outsourcing organisations, thereby enabling them to offer more efficient services to their asset and wealth manager clients.


Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Small Businesses, Migrant Workers and End-Use Industries

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
  • Recurring Money Transfer
  • One-Time Money Transfer
By Destination
  • International
  • Domestic

By Mode
  • Banks
  • Money Transfer Operators
  • Online Platforms
  • Others

By End User
  • Individual
  • Business
  • Others

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • 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 Cross-Border Transactions
      • 3.2.2. Decreasing Money Transfer Time and Remittance Cost Drives the Money Transfer Market
    • 3.3. Market Challenges
      • 3.3.1. High Cost of Upgrading and Redesigning Systems
    • 3.4. Market Trends
      • 3.4.1. Emergence of Online Money Transfer Platforms
      • 3.4.2. Growth of Mobile Wallets
  • 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 Money Transfer Agency, by Type, Destination, Mode, End User and Region (value and price ) (2018-2023)
    • 5.1. Introduction
    • 5.2. Global Money Transfer Agency (Value)
      • 5.2.1. Global Money Transfer Agency by: Type (Value)
        • 5.2.1.1. Recurring Money Transfer
        • 5.2.1.2. One-Time Money Transfer
      • 5.2.2. Global Money Transfer Agency by: Destination (Value)
        • 5.2.2.1. International
        • 5.2.2.2. Domestic
      • 5.2.3. Global Money Transfer Agency by: Mode (Value)
        • 5.2.3.1. Banks
        • 5.2.3.2. Money Transfer Operators
        • 5.2.3.3. Online Platforms
        • 5.2.3.4. Others
      • 5.2.4. Global Money Transfer Agency by: End User (Value)
        • 5.2.4.1. Individual
        • 5.2.4.2. Business
        • 5.2.4.3. Others
      • 5.2.5. Global Money Transfer Agency 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. Australia
          • 5.2.5.2.6. 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 Money Transfer Agency (Price)
      • 5.3.1. Global Money Transfer Agency by: Type (Price)
  • 6. Money Transfer Agency: 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 (2023)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Wise (United Kingdom)
        • 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. WorldRemit (United Kingdom)
        • 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. OFX (Australia)
        • 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. Payoneer (United States)
        • 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. Remitly, Inc. (United States)
        • 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. Skrill (United Kingdom)
        • 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. Xoom Corporation (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. MoneyGram International Inc. (United States)
        • 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. Azimo (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. Wells Fargo (United States)
        • 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. XE (Canada)
        • 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. Ria Money Transfer (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
  • 7. Global Money Transfer Agency Sale, by Type, Destination, Mode, End User and Region (value and price ) (2025-2030)
    • 7.1. Introduction
    • 7.2. Global Money Transfer Agency (Value)
      • 7.2.1. Global Money Transfer Agency by: Type (Value)
        • 7.2.1.1. Recurring Money Transfer
        • 7.2.1.2. One-Time Money Transfer
      • 7.2.2. Global Money Transfer Agency by: Destination (Value)
        • 7.2.2.1. International
        • 7.2.2.2. Domestic
      • 7.2.3. Global Money Transfer Agency by: Mode (Value)
        • 7.2.3.1. Banks
        • 7.2.3.2. Money Transfer Operators
        • 7.2.3.3. Online Platforms
        • 7.2.3.4. Others
      • 7.2.4. Global Money Transfer Agency by: End User (Value)
        • 7.2.4.1. Individual
        • 7.2.4.2. Business
        • 7.2.4.3. Others
      • 7.2.5. Global Money Transfer Agency 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. Australia
          • 7.2.5.2.6. 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 Money Transfer Agency (Price)
      • 7.3.1. Global Money Transfer Agency 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. Money Transfer Agency: by Type(USD Million)
  • Table 2. Money Transfer Agency Recurring Money Transfer , by Region USD Million (2018-2023)
  • Table 3. Money Transfer Agency One-Time Money Transfer , by Region USD Million (2018-2023)
  • Table 4. Money Transfer Agency: by Destination(USD Million)
  • Table 5. Money Transfer Agency International , by Region USD Million (2018-2023)
  • Table 6. Money Transfer Agency Domestic , by Region USD Million (2018-2023)
  • Table 7. Money Transfer Agency: by Mode(USD Million)
  • Table 8. Money Transfer Agency Banks , by Region USD Million (2018-2023)
  • Table 9. Money Transfer Agency Money Transfer Operators , by Region USD Million (2018-2023)
  • Table 10. Money Transfer Agency Online Platforms , by Region USD Million (2018-2023)
  • Table 11. Money Transfer Agency Others , by Region USD Million (2018-2023)
  • Table 12. Money Transfer Agency: by End User(USD Million)
  • Table 13. Money Transfer Agency Individual , by Region USD Million (2018-2023)
  • Table 14. Money Transfer Agency Business , by Region USD Million (2018-2023)
  • Table 15. Money Transfer Agency Others , by Region USD Million (2018-2023)
  • Table 16. South America Money Transfer Agency, by Country USD Million (2018-2023)
  • Table 17. South America Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 18. South America Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 19. South America Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 20. South America Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 21. Brazil Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 22. Brazil Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 23. Brazil Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 24. Brazil Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 25. Argentina Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 26. Argentina Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 27. Argentina Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 28. Argentina Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 29. Rest of South America Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 30. Rest of South America Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 31. Rest of South America Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 32. Rest of South America Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 33. Asia Pacific Money Transfer Agency, by Country USD Million (2018-2023)
  • Table 34. Asia Pacific Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 35. Asia Pacific Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 36. Asia Pacific Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 37. Asia Pacific Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 38. China Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 39. China Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 40. China Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 41. China Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 42. Japan Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 43. Japan Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 44. Japan Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 45. Japan Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 46. India Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 47. India Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 48. India Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 49. India Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 50. South Korea Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 51. South Korea Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 52. South Korea Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 53. South Korea Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 54. Australia Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 55. Australia Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 56. Australia Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 57. Australia Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 58. Rest of Asia-Pacific Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 59. Rest of Asia-Pacific Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 60. Rest of Asia-Pacific Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 61. Rest of Asia-Pacific Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 62. Europe Money Transfer Agency, by Country USD Million (2018-2023)
  • Table 63. Europe Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 64. Europe Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 65. Europe Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 66. Europe Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 67. Germany Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 68. Germany Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 69. Germany Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 70. Germany Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 71. France Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 72. France Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 73. France Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 74. France Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 75. Italy Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 76. Italy Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 77. Italy Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 78. Italy Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 79. United Kingdom Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 80. United Kingdom Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 81. United Kingdom Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 82. United Kingdom Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 83. Netherlands Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 84. Netherlands Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 85. Netherlands Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 86. Netherlands Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 87. Rest of Europe Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 88. Rest of Europe Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 89. Rest of Europe Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 90. Rest of Europe Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 91. MEA Money Transfer Agency, by Country USD Million (2018-2023)
  • Table 92. MEA Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 93. MEA Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 94. MEA Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 95. MEA Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 96. Middle East Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 97. Middle East Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 98. Middle East Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 99. Middle East Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 100. Africa Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 101. Africa Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 102. Africa Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 103. Africa Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 104. North America Money Transfer Agency, by Country USD Million (2018-2023)
  • Table 105. North America Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 106. North America Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 107. North America Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 108. North America Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 109. United States Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 110. United States Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 111. United States Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 112. United States Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 113. Canada Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 114. Canada Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 115. Canada Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 116. Canada Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 117. Mexico Money Transfer Agency, by Type USD Million (2018-2023)
  • Table 118. Mexico Money Transfer Agency, by Destination USD Million (2018-2023)
  • Table 119. Mexico Money Transfer Agency, by Mode USD Million (2018-2023)
  • Table 120. Mexico Money Transfer Agency, by End User USD Million (2018-2023)
  • Table 121. Money Transfer Agency: by Type(USD/Units)
  • Table 122. Company Basic Information, Sales Area and Its Competitors
  • Table 123. Company Basic Information, Sales Area and Its Competitors
  • Table 124. Company Basic Information, Sales Area and Its Competitors
  • 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. Money Transfer Agency: by Type(USD Million)
  • Table 135. Money Transfer Agency Recurring Money Transfer , by Region USD Million (2025-2030)
  • Table 136. Money Transfer Agency One-Time Money Transfer , by Region USD Million (2025-2030)
  • Table 137. Money Transfer Agency: by Destination(USD Million)
  • Table 138. Money Transfer Agency International , by Region USD Million (2025-2030)
  • Table 139. Money Transfer Agency Domestic , by Region USD Million (2025-2030)
  • Table 140. Money Transfer Agency: by Mode(USD Million)
  • Table 141. Money Transfer Agency Banks , by Region USD Million (2025-2030)
  • Table 142. Money Transfer Agency Money Transfer Operators , by Region USD Million (2025-2030)
  • Table 143. Money Transfer Agency Online Platforms , by Region USD Million (2025-2030)
  • Table 144. Money Transfer Agency Others , by Region USD Million (2025-2030)
  • Table 145. Money Transfer Agency: by End User(USD Million)
  • Table 146. Money Transfer Agency Individual , by Region USD Million (2025-2030)
  • Table 147. Money Transfer Agency Business , by Region USD Million (2025-2030)
  • Table 148. Money Transfer Agency Others , by Region USD Million (2025-2030)
  • Table 149. South America Money Transfer Agency, by Country USD Million (2025-2030)
  • Table 150. South America Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 151. South America Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 152. South America Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 153. South America Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 154. Brazil Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 155. Brazil Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 156. Brazil Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 157. Brazil Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 158. Argentina Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 159. Argentina Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 160. Argentina Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 161. Argentina Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 162. Rest of South America Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 163. Rest of South America Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 164. Rest of South America Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 165. Rest of South America Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 166. Asia Pacific Money Transfer Agency, by Country USD Million (2025-2030)
  • Table 167. Asia Pacific Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 168. Asia Pacific Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 169. Asia Pacific Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 170. Asia Pacific Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 171. China Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 172. China Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 173. China Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 174. China Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 175. Japan Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 176. Japan Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 177. Japan Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 178. Japan Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 179. India Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 180. India Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 181. India Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 182. India Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 183. South Korea Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 184. South Korea Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 185. South Korea Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 186. South Korea Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 187. Australia Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 188. Australia Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 189. Australia Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 190. Australia Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 191. Rest of Asia-Pacific Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 192. Rest of Asia-Pacific Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 193. Rest of Asia-Pacific Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 194. Rest of Asia-Pacific Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 195. Europe Money Transfer Agency, by Country USD Million (2025-2030)
  • Table 196. Europe Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 197. Europe Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 198. Europe Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 199. Europe Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 200. Germany Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 201. Germany Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 202. Germany Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 203. Germany Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 204. France Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 205. France Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 206. France Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 207. France Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 208. Italy Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 209. Italy Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 210. Italy Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 211. Italy Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 212. United Kingdom Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 213. United Kingdom Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 214. United Kingdom Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 215. United Kingdom Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 216. Netherlands Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 217. Netherlands Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 218. Netherlands Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 219. Netherlands Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 220. Rest of Europe Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 221. Rest of Europe Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 222. Rest of Europe Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 223. Rest of Europe Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 224. MEA Money Transfer Agency, by Country USD Million (2025-2030)
  • Table 225. MEA Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 226. MEA Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 227. MEA Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 228. MEA Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 229. Middle East Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 230. Middle East Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 231. Middle East Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 232. Middle East Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 233. Africa Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 234. Africa Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 235. Africa Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 236. Africa Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 237. North America Money Transfer Agency, by Country USD Million (2025-2030)
  • Table 238. North America Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 239. North America Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 240. North America Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 241. North America Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 242. United States Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 243. United States Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 244. United States Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 245. United States Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 246. Canada Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 247. Canada Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 248. Canada Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 249. Canada Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 250. Mexico Money Transfer Agency, by Type USD Million (2025-2030)
  • Table 251. Mexico Money Transfer Agency, by Destination USD Million (2025-2030)
  • Table 252. Mexico Money Transfer Agency, by Mode USD Million (2025-2030)
  • Table 253. Mexico Money Transfer Agency, by End User USD Million (2025-2030)
  • Table 254. Money Transfer Agency: by Type(USD/Units)
  • Table 255. Research Programs/Design for This Report
  • Table 256. Key Data Information from Secondary Sources
  • Table 257. 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 Money Transfer Agency: by Type USD Million (2018-2023)
  • Figure 5. Global Money Transfer Agency: by Destination USD Million (2018-2023)
  • Figure 6. Global Money Transfer Agency: by Mode USD Million (2018-2023)
  • Figure 7. Global Money Transfer Agency: by End User USD Million (2018-2023)
  • Figure 8. South America Money Transfer Agency Share (%), by Country
  • Figure 9. Asia Pacific Money Transfer Agency Share (%), by Country
  • Figure 10. Europe Money Transfer Agency Share (%), by Country
  • Figure 11. MEA Money Transfer Agency Share (%), by Country
  • Figure 12. North America Money Transfer Agency Share (%), by Country
  • Figure 13. Global Money Transfer Agency: by Type USD/Units (2018-2023)
  • Figure 14. Global Money Transfer Agency share by Players 2023 (%)
  • Figure 15. Global Money Transfer Agency share by Players (Top 3) 2023(%)
  • Figure 16. Global Money Transfer Agency share by Players (Top 5) 2023(%)
  • Figure 17. BCG Matrix for key Companies
  • Figure 18. Wise (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 19. Wise (United Kingdom) Revenue: by Geography 2023
  • Figure 20. WorldRemit (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 21. WorldRemit (United Kingdom) Revenue: by Geography 2023
  • Figure 22. OFX (Australia) Revenue, Net Income and Gross profit
  • Figure 23. OFX (Australia) Revenue: by Geography 2023
  • Figure 24. Payoneer (United States) Revenue, Net Income and Gross profit
  • Figure 25. Payoneer (United States) Revenue: by Geography 2023
  • Figure 26. Remitly, Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 27. Remitly, Inc. (United States) Revenue: by Geography 2023
  • Figure 28. Skrill (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 29. Skrill (United Kingdom) Revenue: by Geography 2023
  • Figure 30. Xoom Corporation (United States) Revenue, Net Income and Gross profit
  • Figure 31. Xoom Corporation (United States) Revenue: by Geography 2023
  • Figure 32. MoneyGram International Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 33. MoneyGram International Inc. (United States) Revenue: by Geography 2023
  • Figure 34. Azimo (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 35. Azimo (United Kingdom) Revenue: by Geography 2023
  • Figure 36. Wells Fargo (United States) Revenue, Net Income and Gross profit
  • Figure 37. Wells Fargo (United States) Revenue: by Geography 2023
  • Figure 38. XE (Canada) Revenue, Net Income and Gross profit
  • Figure 39. XE (Canada) Revenue: by Geography 2023
  • Figure 40. Ria Money Transfer (United States) Revenue, Net Income and Gross profit
  • Figure 41. Ria Money Transfer (United States) Revenue: by Geography 2023
  • Figure 42. Global Money Transfer Agency: by Type USD Million (2025-2030)
  • Figure 43. Global Money Transfer Agency: by Destination USD Million (2025-2030)
  • Figure 44. Global Money Transfer Agency: by Mode USD Million (2025-2030)
  • Figure 45. Global Money Transfer Agency: by End User USD Million (2025-2030)
  • Figure 46. South America Money Transfer Agency Share (%), by Country
  • Figure 47. Asia Pacific Money Transfer Agency Share (%), by Country
  • Figure 48. Europe Money Transfer Agency Share (%), by Country
  • Figure 49. MEA Money Transfer Agency Share (%), by Country
  • Figure 50. North America Money Transfer Agency Share (%), by Country
  • Figure 51. Global Money Transfer Agency: by Type USD/Units (2025-2030)
List of companies from research coverage that are profiled in the study
  • Wise (United Kingdom)
  • WorldRemit (United Kingdom)
  • OFX (Australia)
  • Payoneer (United States)
  • Remitly, Inc. (United States)
  • Skrill (United Kingdom)
  • Xoom Corporation (United States)
  • MoneyGram International Inc. (United States)
  • Azimo (United Kingdom)
  • Wells Fargo (United States)
  • XE (Canada)
  • Ria Money Transfer (United States)
Additional players considered in the study are as follows:
Uphold (United States) , TransferGo (United Kingdom)
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Key Highlights of Report


Oct 2024 211 Pages 75 Tables Base Year: 2023 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

The standard version of the report profiles players such as Wise (United Kingdom), WorldRemit (United Kingdom), OFX (Australia), Payoneer (United States), Remitly, Inc. (United States), Skrill (United Kingdom), Xoom Corporation (United States), MoneyGram International Inc. (United States), Azimo (United Kingdom), Wells Fargo (United States), XE (Canada) and Ria Money Transfer (United States) etc.
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
"Emergence of Online Money Transfer Platforms " is seen as one of major influencing trends for Money Transfer Agency Market during projected period 2023-2030.
The Money Transfer Agency 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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