Global Digital Remittance Market research

Digital Remittance Comprehensive Study by Type (Inward Digital Remittance, Outward Digital Remittance), Application (Migrant Labor Workforce, Study Abroad and Travel, Small Businesses), Remittance channel (Banks, Money transfer operators, Others) Players and Region - Global Market Outlook to 2030

Digital Remittance Market by XX Submarkets | Forecast Years 2024-2030 | CAGR: 22%  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
About Digital Remittance
Digital Remittance is refer as the online service which allows the people to send money for friends and family who are living abroad, through the use of smartphone, computer or tablet. For funding of the many families around the world, remittances market is considered as one of the valuable external source. While the reduction in the remittance costs has become one of the strategic focus for organisations of multilateral development.

AttributesDetails
Study Period2018-2030
Base Year2023
UnitValue (USD Million)
CAGR22.0%


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 and United Kingdom Players will contribute the maximum growth to Global Digital Remittance 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), PayPal/Xoom (United States), TransferWise (United Kingdom), WorldRemit (United Kingdom), MoneyGram (United States), Remitly (United States), Azimo (United Kingdom), TransferGo (United Kingdom), InstaReM (Singapore), TNG Wallet (China), Coins.ph (Philippines), Toast (Singapore) 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 Mobetize Corp.(Canada), Smiles/Digital Wallet Corporation (Japan), FlyRemit (India) and Ant Financial/Alipay (China).

Segmentation Overview
AMA Research has segmented the market of Global Digital Remittance market by Type (Inward Digital Remittance and Outward Digital Remittance), Application (Migrant Labor Workforce, Study Abroad and Travel and Small Businesses) and Region.



On the basis of geography, the market of Digital Remittance 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 channel, the sub-segment i.e. Banks will boost the Digital Remittance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:
Blockchain technology is exerting far-reaching influence on the remittance market

Market Growth Drivers:
Rise in automation and digitization, Reduction in the remittance cost & transfer time, Increased adoption of banking & financial services and Migration of the labor workforce

Challenges:
Lack of skilled professional for using this service

Restraints:
Lacking in the proper awareness and Improper guidance is restraining people from opting for digital remittance transfer mode

Opportunities:
Growing access of financial services such as basic bank accounts among remittance recipients and rise in internet usage offer growth opportunities for the market

Market Leaders and their expansionary development strategies
In September 2023, Mastercard and WorldRemit announced a partnership to expand access to digital remittance services for migrants across the globe. The partnership will integrate WorldRemit's remittance platform into Mastercard's network, enabling seamless and secure cross-border money transfers.
In October 2023, IndusInd Bank & Viamericas team to launch digital remittances platform for NRIs. This platform will allow NRIs to book remittance transactions through auto debit payment mode (Automated Clearing House, ACH) as well as transfer funds through the overseas bank account.


Key Target Audience
Migrant Labor Workforce, Low-income Households, Small Businesses 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
  • Inward Digital Remittance
  • Outward Digital Remittance
By Application
  • Migrant Labor Workforce
  • Study Abroad and Travel
  • Small Businesses
By Remittance channel
  • Banks
  • Money transfer operators
  • 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. Rise in automation and digitization
      • 3.2.2. Reduction in the remittance cost & transfer time
      • 3.2.3. Increased adoption of banking & financial services
      • 3.2.4. Migration of the labor workforce
    • 3.3. Market Challenges
      • 3.3.1. Lack of skilled professional for using this service
    • 3.4. Market Trends
      • 3.4.1. Blockchain technology is exerting far-reaching influence on the remittance market
  • 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 Remittance, by Type, Application, Remittance channel and Region (value and price ) (2018-2023)
    • 5.1. Introduction
    • 5.2. Global Digital Remittance (Value)
      • 5.2.1. Global Digital Remittance by: Type (Value)
        • 5.2.1.1. Inward Digital Remittance
        • 5.2.1.2. Outward Digital Remittance
      • 5.2.2. Global Digital Remittance by: Application (Value)
        • 5.2.2.1. Migrant Labor Workforce
        • 5.2.2.2. Study Abroad and Travel
        • 5.2.2.3. Small Businesses
      • 5.2.3. Global Digital Remittance by: Remittance channel (Value)
        • 5.2.3.1. Banks
        • 5.2.3.2. Money transfer operators
        • 5.2.3.3. Others
      • 5.2.4. Global Digital Remittance Region
        • 5.2.4.1. South America
          • 5.2.4.1.1. Brazil
          • 5.2.4.1.2. Argentina
          • 5.2.4.1.3. Rest of South America
        • 5.2.4.2. Asia Pacific
          • 5.2.4.2.1. China
          • 5.2.4.2.2. Japan
          • 5.2.4.2.3. India
          • 5.2.4.2.4. South Korea
          • 5.2.4.2.5. Taiwan
          • 5.2.4.2.6. Australia
          • 5.2.4.2.7. Rest of Asia-Pacific
        • 5.2.4.3. Europe
          • 5.2.4.3.1. Germany
          • 5.2.4.3.2. France
          • 5.2.4.3.3. Italy
          • 5.2.4.3.4. United Kingdom
          • 5.2.4.3.5. Netherlands
          • 5.2.4.3.6. Rest of Europe
        • 5.2.4.4. MEA
          • 5.2.4.4.1. Middle East
          • 5.2.4.4.2. Africa
        • 5.2.4.5. North America
          • 5.2.4.5.1. United States
          • 5.2.4.5.2. Canada
          • 5.2.4.5.3. Mexico
    • 5.3. Global Digital Remittance (Price)
      • 5.3.1. Global Digital Remittance by: Type (Price)
  • 6. Digital Remittance: 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. 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. PayPal/Xoom (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 (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 (China)
        • 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 (Philippines)
        • 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 (Singapore)
        • 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 Remittance Sale, by Type, Application, Remittance channel and Region (value and price ) (2025-2030)
    • 7.1. Introduction
    • 7.2. Global Digital Remittance (Value)
      • 7.2.1. Global Digital Remittance by: Type (Value)
        • 7.2.1.1. Inward Digital Remittance
        • 7.2.1.2. Outward Digital Remittance
      • 7.2.2. Global Digital Remittance by: Application (Value)
        • 7.2.2.1. Migrant Labor Workforce
        • 7.2.2.2. Study Abroad and Travel
        • 7.2.2.3. Small Businesses
      • 7.2.3. Global Digital Remittance by: Remittance channel (Value)
        • 7.2.3.1. Banks
        • 7.2.3.2. Money transfer operators
        • 7.2.3.3. Others
      • 7.2.4. Global Digital Remittance Region
        • 7.2.4.1. South America
          • 7.2.4.1.1. Brazil
          • 7.2.4.1.2. Argentina
          • 7.2.4.1.3. Rest of South America
        • 7.2.4.2. Asia Pacific
          • 7.2.4.2.1. China
          • 7.2.4.2.2. Japan
          • 7.2.4.2.3. India
          • 7.2.4.2.4. South Korea
          • 7.2.4.2.5. Taiwan
          • 7.2.4.2.6. Australia
          • 7.2.4.2.7. Rest of Asia-Pacific
        • 7.2.4.3. Europe
          • 7.2.4.3.1. Germany
          • 7.2.4.3.2. France
          • 7.2.4.3.3. Italy
          • 7.2.4.3.4. United Kingdom
          • 7.2.4.3.5. Netherlands
          • 7.2.4.3.6. Rest of Europe
        • 7.2.4.4. MEA
          • 7.2.4.4.1. Middle East
          • 7.2.4.4.2. Africa
        • 7.2.4.5. North America
          • 7.2.4.5.1. United States
          • 7.2.4.5.2. Canada
          • 7.2.4.5.3. Mexico
    • 7.3. Global Digital Remittance (Price)
      • 7.3.1. Global Digital Remittance 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 Remittance: by Type(USD Million)
  • Table 2. Digital Remittance Inward Digital Remittance , by Region USD Million (2018-2023)
  • Table 3. Digital Remittance Outward Digital Remittance , by Region USD Million (2018-2023)
  • Table 4. Digital Remittance: by Application(USD Million)
  • Table 5. Digital Remittance Migrant Labor Workforce , by Region USD Million (2018-2023)
  • Table 6. Digital Remittance Study Abroad and Travel , by Region USD Million (2018-2023)
  • Table 7. Digital Remittance Small Businesses , by Region USD Million (2018-2023)
  • Table 8. Digital Remittance: by Remittance channel(USD Million)
  • Table 9. Digital Remittance Banks , by Region USD Million (2018-2023)
  • Table 10. Digital Remittance Money transfer operators , by Region USD Million (2018-2023)
  • Table 11. Digital Remittance Others , by Region USD Million (2018-2023)
  • Table 12. South America Digital Remittance, by Country USD Million (2018-2023)
  • Table 13. South America Digital Remittance, by Type USD Million (2018-2023)
  • Table 14. South America Digital Remittance, by Application USD Million (2018-2023)
  • Table 15. South America Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 16. Brazil Digital Remittance, by Type USD Million (2018-2023)
  • Table 17. Brazil Digital Remittance, by Application USD Million (2018-2023)
  • Table 18. Brazil Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 19. Argentina Digital Remittance, by Type USD Million (2018-2023)
  • Table 20. Argentina Digital Remittance, by Application USD Million (2018-2023)
  • Table 21. Argentina Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 22. Rest of South America Digital Remittance, by Type USD Million (2018-2023)
  • Table 23. Rest of South America Digital Remittance, by Application USD Million (2018-2023)
  • Table 24. Rest of South America Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 25. Asia Pacific Digital Remittance, by Country USD Million (2018-2023)
  • Table 26. Asia Pacific Digital Remittance, by Type USD Million (2018-2023)
  • Table 27. Asia Pacific Digital Remittance, by Application USD Million (2018-2023)
  • Table 28. Asia Pacific Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 29. China Digital Remittance, by Type USD Million (2018-2023)
  • Table 30. China Digital Remittance, by Application USD Million (2018-2023)
  • Table 31. China Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 32. Japan Digital Remittance, by Type USD Million (2018-2023)
  • Table 33. Japan Digital Remittance, by Application USD Million (2018-2023)
  • Table 34. Japan Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 35. India Digital Remittance, by Type USD Million (2018-2023)
  • Table 36. India Digital Remittance, by Application USD Million (2018-2023)
  • Table 37. India Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 38. South Korea Digital Remittance, by Type USD Million (2018-2023)
  • Table 39. South Korea Digital Remittance, by Application USD Million (2018-2023)
  • Table 40. South Korea Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 41. Taiwan Digital Remittance, by Type USD Million (2018-2023)
  • Table 42. Taiwan Digital Remittance, by Application USD Million (2018-2023)
  • Table 43. Taiwan Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 44. Australia Digital Remittance, by Type USD Million (2018-2023)
  • Table 45. Australia Digital Remittance, by Application USD Million (2018-2023)
  • Table 46. Australia Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 47. Rest of Asia-Pacific Digital Remittance, by Type USD Million (2018-2023)
  • Table 48. Rest of Asia-Pacific Digital Remittance, by Application USD Million (2018-2023)
  • Table 49. Rest of Asia-Pacific Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 50. Europe Digital Remittance, by Country USD Million (2018-2023)
  • Table 51. Europe Digital Remittance, by Type USD Million (2018-2023)
  • Table 52. Europe Digital Remittance, by Application USD Million (2018-2023)
  • Table 53. Europe Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 54. Germany Digital Remittance, by Type USD Million (2018-2023)
  • Table 55. Germany Digital Remittance, by Application USD Million (2018-2023)
  • Table 56. Germany Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 57. France Digital Remittance, by Type USD Million (2018-2023)
  • Table 58. France Digital Remittance, by Application USD Million (2018-2023)
  • Table 59. France Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 60. Italy Digital Remittance, by Type USD Million (2018-2023)
  • Table 61. Italy Digital Remittance, by Application USD Million (2018-2023)
  • Table 62. Italy Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 63. United Kingdom Digital Remittance, by Type USD Million (2018-2023)
  • Table 64. United Kingdom Digital Remittance, by Application USD Million (2018-2023)
  • Table 65. United Kingdom Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 66. Netherlands Digital Remittance, by Type USD Million (2018-2023)
  • Table 67. Netherlands Digital Remittance, by Application USD Million (2018-2023)
  • Table 68. Netherlands Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 69. Rest of Europe Digital Remittance, by Type USD Million (2018-2023)
  • Table 70. Rest of Europe Digital Remittance, by Application USD Million (2018-2023)
  • Table 71. Rest of Europe Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 72. MEA Digital Remittance, by Country USD Million (2018-2023)
  • Table 73. MEA Digital Remittance, by Type USD Million (2018-2023)
  • Table 74. MEA Digital Remittance, by Application USD Million (2018-2023)
  • Table 75. MEA Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 76. Middle East Digital Remittance, by Type USD Million (2018-2023)
  • Table 77. Middle East Digital Remittance, by Application USD Million (2018-2023)
  • Table 78. Middle East Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 79. Africa Digital Remittance, by Type USD Million (2018-2023)
  • Table 80. Africa Digital Remittance, by Application USD Million (2018-2023)
  • Table 81. Africa Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 82. North America Digital Remittance, by Country USD Million (2018-2023)
  • Table 83. North America Digital Remittance, by Type USD Million (2018-2023)
  • Table 84. North America Digital Remittance, by Application USD Million (2018-2023)
  • Table 85. North America Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 86. United States Digital Remittance, by Type USD Million (2018-2023)
  • Table 87. United States Digital Remittance, by Application USD Million (2018-2023)
  • Table 88. United States Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 89. Canada Digital Remittance, by Type USD Million (2018-2023)
  • Table 90. Canada Digital Remittance, by Application USD Million (2018-2023)
  • Table 91. Canada Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 92. Mexico Digital Remittance, by Type USD Million (2018-2023)
  • Table 93. Mexico Digital Remittance, by Application USD Million (2018-2023)
  • Table 94. Mexico Digital Remittance, by Remittance channel USD Million (2018-2023)
  • Table 95. Digital Remittance: by Type(USD/Units)
  • Table 96. Company Basic Information, Sales Area and Its Competitors
  • Table 97. Company Basic Information, Sales Area and Its Competitors
  • Table 98. Company Basic Information, Sales Area and Its Competitors
  • Table 99. Company Basic Information, Sales Area and Its Competitors
  • Table 100. Company Basic Information, Sales Area and Its Competitors
  • Table 101. Company Basic Information, Sales Area and Its Competitors
  • Table 102. Company Basic Information, Sales Area and Its Competitors
  • Table 103. Company Basic Information, Sales Area and Its Competitors
  • Table 104. Company Basic Information, Sales Area and Its Competitors
  • Table 105. Company Basic Information, Sales Area and Its Competitors
  • Table 106. Company Basic Information, Sales Area and Its Competitors
  • Table 107. Company Basic Information, Sales Area and Its Competitors
  • Table 108. Company Basic Information, Sales Area and Its Competitors
  • Table 109. Company Basic Information, Sales Area and Its Competitors
  • Table 110. Digital Remittance: by Type(USD Million)
  • Table 111. Digital Remittance Inward Digital Remittance , by Region USD Million (2025-2030)
  • Table 112. Digital Remittance Outward Digital Remittance , by Region USD Million (2025-2030)
  • Table 113. Digital Remittance: by Application(USD Million)
  • Table 114. Digital Remittance Migrant Labor Workforce , by Region USD Million (2025-2030)
  • Table 115. Digital Remittance Study Abroad and Travel , by Region USD Million (2025-2030)
  • Table 116. Digital Remittance Small Businesses , by Region USD Million (2025-2030)
  • Table 117. Digital Remittance: by Remittance channel(USD Million)
  • Table 118. Digital Remittance Banks , by Region USD Million (2025-2030)
  • Table 119. Digital Remittance Money transfer operators , by Region USD Million (2025-2030)
  • Table 120. Digital Remittance Others , by Region USD Million (2025-2030)
  • Table 121. South America Digital Remittance, by Country USD Million (2025-2030)
  • Table 122. South America Digital Remittance, by Type USD Million (2025-2030)
  • Table 123. South America Digital Remittance, by Application USD Million (2025-2030)
  • Table 124. South America Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 125. Brazil Digital Remittance, by Type USD Million (2025-2030)
  • Table 126. Brazil Digital Remittance, by Application USD Million (2025-2030)
  • Table 127. Brazil Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 128. Argentina Digital Remittance, by Type USD Million (2025-2030)
  • Table 129. Argentina Digital Remittance, by Application USD Million (2025-2030)
  • Table 130. Argentina Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 131. Rest of South America Digital Remittance, by Type USD Million (2025-2030)
  • Table 132. Rest of South America Digital Remittance, by Application USD Million (2025-2030)
  • Table 133. Rest of South America Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 134. Asia Pacific Digital Remittance, by Country USD Million (2025-2030)
  • Table 135. Asia Pacific Digital Remittance, by Type USD Million (2025-2030)
  • Table 136. Asia Pacific Digital Remittance, by Application USD Million (2025-2030)
  • Table 137. Asia Pacific Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 138. China Digital Remittance, by Type USD Million (2025-2030)
  • Table 139. China Digital Remittance, by Application USD Million (2025-2030)
  • Table 140. China Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 141. Japan Digital Remittance, by Type USD Million (2025-2030)
  • Table 142. Japan Digital Remittance, by Application USD Million (2025-2030)
  • Table 143. Japan Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 144. India Digital Remittance, by Type USD Million (2025-2030)
  • Table 145. India Digital Remittance, by Application USD Million (2025-2030)
  • Table 146. India Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 147. South Korea Digital Remittance, by Type USD Million (2025-2030)
  • Table 148. South Korea Digital Remittance, by Application USD Million (2025-2030)
  • Table 149. South Korea Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 150. Taiwan Digital Remittance, by Type USD Million (2025-2030)
  • Table 151. Taiwan Digital Remittance, by Application USD Million (2025-2030)
  • Table 152. Taiwan Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 153. Australia Digital Remittance, by Type USD Million (2025-2030)
  • Table 154. Australia Digital Remittance, by Application USD Million (2025-2030)
  • Table 155. Australia Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 156. Rest of Asia-Pacific Digital Remittance, by Type USD Million (2025-2030)
  • Table 157. Rest of Asia-Pacific Digital Remittance, by Application USD Million (2025-2030)
  • Table 158. Rest of Asia-Pacific Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 159. Europe Digital Remittance, by Country USD Million (2025-2030)
  • Table 160. Europe Digital Remittance, by Type USD Million (2025-2030)
  • Table 161. Europe Digital Remittance, by Application USD Million (2025-2030)
  • Table 162. Europe Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 163. Germany Digital Remittance, by Type USD Million (2025-2030)
  • Table 164. Germany Digital Remittance, by Application USD Million (2025-2030)
  • Table 165. Germany Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 166. France Digital Remittance, by Type USD Million (2025-2030)
  • Table 167. France Digital Remittance, by Application USD Million (2025-2030)
  • Table 168. France Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 169. Italy Digital Remittance, by Type USD Million (2025-2030)
  • Table 170. Italy Digital Remittance, by Application USD Million (2025-2030)
  • Table 171. Italy Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 172. United Kingdom Digital Remittance, by Type USD Million (2025-2030)
  • Table 173. United Kingdom Digital Remittance, by Application USD Million (2025-2030)
  • Table 174. United Kingdom Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 175. Netherlands Digital Remittance, by Type USD Million (2025-2030)
  • Table 176. Netherlands Digital Remittance, by Application USD Million (2025-2030)
  • Table 177. Netherlands Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 178. Rest of Europe Digital Remittance, by Type USD Million (2025-2030)
  • Table 179. Rest of Europe Digital Remittance, by Application USD Million (2025-2030)
  • Table 180. Rest of Europe Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 181. MEA Digital Remittance, by Country USD Million (2025-2030)
  • Table 182. MEA Digital Remittance, by Type USD Million (2025-2030)
  • Table 183. MEA Digital Remittance, by Application USD Million (2025-2030)
  • Table 184. MEA Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 185. Middle East Digital Remittance, by Type USD Million (2025-2030)
  • Table 186. Middle East Digital Remittance, by Application USD Million (2025-2030)
  • Table 187. Middle East Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 188. Africa Digital Remittance, by Type USD Million (2025-2030)
  • Table 189. Africa Digital Remittance, by Application USD Million (2025-2030)
  • Table 190. Africa Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 191. North America Digital Remittance, by Country USD Million (2025-2030)
  • Table 192. North America Digital Remittance, by Type USD Million (2025-2030)
  • Table 193. North America Digital Remittance, by Application USD Million (2025-2030)
  • Table 194. North America Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 195. United States Digital Remittance, by Type USD Million (2025-2030)
  • Table 196. United States Digital Remittance, by Application USD Million (2025-2030)
  • Table 197. United States Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 198. Canada Digital Remittance, by Type USD Million (2025-2030)
  • Table 199. Canada Digital Remittance, by Application USD Million (2025-2030)
  • Table 200. Canada Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 201. Mexico Digital Remittance, by Type USD Million (2025-2030)
  • Table 202. Mexico Digital Remittance, by Application USD Million (2025-2030)
  • Table 203. Mexico Digital Remittance, by Remittance channel USD Million (2025-2030)
  • Table 204. Digital Remittance: by Type(USD/Units)
  • Table 205. Research Programs/Design for This Report
  • Table 206. Key Data Information from Secondary Sources
  • Table 207. 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 Remittance: by Type USD Million (2018-2023)
  • Figure 5. Global Digital Remittance: by Application USD Million (2018-2023)
  • Figure 6. Global Digital Remittance: by Remittance channel USD Million (2018-2023)
  • Figure 7. South America Digital Remittance Share (%), by Country
  • Figure 8. Asia Pacific Digital Remittance Share (%), by Country
  • Figure 9. Europe Digital Remittance Share (%), by Country
  • Figure 10. MEA Digital Remittance Share (%), by Country
  • Figure 11. North America Digital Remittance Share (%), by Country
  • Figure 12. Global Digital Remittance: by Type USD/Units (2018-2023)
  • Figure 13. Global Digital Remittance share by Players 2023 (%)
  • Figure 14. Global Digital Remittance share by Players (Top 3) 2023(%)
  • Figure 15. Global Digital Remittance share by Players (Top 5) 2023(%)
  • Figure 16. BCG Matrix for key Companies
  • Figure 17. Western Union (WU) (United States) Revenue, Net Income and Gross profit
  • Figure 18. Western Union (WU) (United States) Revenue: by Geography 2023
  • Figure 19. Ria Financial Services (United States) Revenue, Net Income and Gross profit
  • Figure 20. Ria Financial Services (United States) Revenue: by Geography 2023
  • Figure 21. PayPal/Xoom (United States) Revenue, Net Income and Gross profit
  • Figure 22. PayPal/Xoom (United States) Revenue: by Geography 2023
  • Figure 23. TransferWise (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 24. TransferWise (United Kingdom) Revenue: by Geography 2023
  • Figure 25. WorldRemit (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 26. WorldRemit (United Kingdom) Revenue: by Geography 2023
  • Figure 27. MoneyGram (United States) Revenue, Net Income and Gross profit
  • Figure 28. MoneyGram (United States) Revenue: by Geography 2023
  • Figure 29. Remitly (United States) Revenue, Net Income and Gross profit
  • Figure 30. Remitly (United States) Revenue: by Geography 2023
  • Figure 31. Azimo (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 32. Azimo (United Kingdom) Revenue: by Geography 2023
  • Figure 33. TransferGo (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 34. TransferGo (United Kingdom) Revenue: by Geography 2023
  • Figure 35. InstaReM (Singapore) Revenue, Net Income and Gross profit
  • Figure 36. InstaReM (Singapore) Revenue: by Geography 2023
  • Figure 37. TNG Wallet (China) Revenue, Net Income and Gross profit
  • Figure 38. TNG Wallet (China) Revenue: by Geography 2023
  • Figure 39. Coins.ph (Philippines) Revenue, Net Income and Gross profit
  • Figure 40. Coins.ph (Philippines) Revenue: by Geography 2023
  • Figure 41. Toast (Singapore) Revenue, Net Income and Gross profit
  • Figure 42. Toast (Singapore) Revenue: by Geography 2023
  • Figure 43. OrbitRemit (New Zealand) Revenue, Net Income and Gross profit
  • Figure 44. OrbitRemit (New Zealand) Revenue: by Geography 2023
  • Figure 45. Global Digital Remittance: by Type USD Million (2025-2030)
  • Figure 46. Global Digital Remittance: by Application USD Million (2025-2030)
  • Figure 47. Global Digital Remittance: by Remittance channel USD Million (2025-2030)
  • Figure 48. South America Digital Remittance Share (%), by Country
  • Figure 49. Asia Pacific Digital Remittance Share (%), by Country
  • Figure 50. Europe Digital Remittance Share (%), by Country
  • Figure 51. MEA Digital Remittance Share (%), by Country
  • Figure 52. North America Digital Remittance Share (%), by Country
  • Figure 53. Global Digital Remittance: by Type USD/Units (2025-2030)
List of companies from research coverage that are profiled in the study
  • Western Union (WU) (United States)
  • Ria Financial Services (United States)
  • PayPal/Xoom (United States)
  • TransferWise (United Kingdom)
  • WorldRemit (United Kingdom)
  • MoneyGram (United States)
  • Remitly (United States)
  • Azimo (United Kingdom)
  • TransferGo (United Kingdom)
  • InstaReM (Singapore)
  • TNG Wallet (China)
  • Coins.ph (Philippines)
  • Toast (Singapore)
  • OrbitRemit (New Zealand)
Additional players considered in the study are as follows:
Mobetize Corp.(Canada) , Smiles/Digital Wallet Corporation (Japan) , FlyRemit (India) , Ant Financial/Alipay (China)
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Key Highlights of Report


Jun 2024 220 Pages 93 Tables Base Year: 2023 Coverage: 15+ Companies; 18 Countries

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Global Digital Remittance Market research Quantitative research analysis
Global Digital Remittance Market research Qualitative Industry Analysis
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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), PayPal/Xoom (United States), TransferWise (United Kingdom), WorldRemit (United Kingdom), MoneyGram (United States), Remitly (United States), Azimo (United Kingdom), TransferGo (United Kingdom), InstaReM (Singapore), TNG Wallet (China), Coins.ph (Philippines), Toast (Singapore) 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.
"Blockchain technology is exerting far-reaching influence on the remittance market" is seen as one of major influencing trends for Digital Remittance Market during projected period 2023-2030.
The Digital Remittance 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.
Analysts at AMA estimates Digital Remittance Market to reach USD9590.0 Million by 2030.

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