Digital Remittance Market Growing at 25.1% CAGR During Forecast Period 2019-2024 | Western Union (WU), Ria Financial Services, PayPal/Xoom, TransferWise, WorldRemit, MoneyGram, Remitly, Azimo, TransferGo, InstaReM

Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet. Migrant labor workforce is the most important drivers to promote global development. In the future, the blockchain technology will exert far-reaching influence on the remittance market. Most of the traditional bank, fintech, and other financial firms have researched and tested the blockchain technology used in remittance volume. In the same time, some companies like Ant Financial/Alipay,, Auxesis, Bitspark, Rebit, and Cashaa, have introduced their products in remittance. The global Digital Remittance market is valued at 1540 million USD in 2018 and is expected to reach 5890 million USD by the end of 2024, growing at a CAGR of 25.1% between 2019 and 2024.

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Leading Digital Remittance Market Players: 
Western Union (WU), Ria Financial Services, PayPal/Xoom, TransferWise, WorldRemit, MoneyGram, Remitly, Azimo, TransferGo, InstaReM, TNG Wallet,, Toast, OrbitRemit, Smiles/Digital Wallet Corporation, Avenues India Pvt Ltd, FlyRemit, WeChat Payment, Ant Financial/Alipay

The research report on Digital Remittance Market provides a comprehensive analysis of the market status and development trend, including types, applications, growth, opportunities, rising technology, competitive landscape and product offerings of key players. Digital Remittance Market report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period.

Market Segment by Type:
Banks Digital Remittance
Digital Money Transfer Operators

Market Segment by Applications:
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses

Research objectives:-
– To study and analyze the global Digital Remittance consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Digital Remittance market by identifying its various sub-segments.
– Focuses on the key global Digital Remittance manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Digital Remittance with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Digital Remittance Market Size
2.2 Digital Remittance Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Digital Remittance Market Size by Manufacturers
3.2 Digital Remittance Key Players Head office and Area Served

3.3 Key Players Digital Remittance Product/Solution/Service
3.4 Date of Enter into Digital Remittance Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Digital Remittance Sales by Product
4.2 Global Digital Remittance Revenue by Product
4.3 Digital Remittance Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Digital Remittance Breakdown Data by End User

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Posted by on Friday August 16 2019, 5:47 PM EST. All trademarks acknowledged. Filed under Banking, Business & Financial Services, Business Services, Consumer & Retail, Consumer Electronics, Featured Press Release, Media, Retail, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications, Travel & Leisure. Comments and Trackbacks closed. Follow responses: RSS 2.0

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