Los Angeles, CA -- (SBWire) -- 04/13/2019 --Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.
Beyond the pure fee costs, important time, reach, and security benefits accrue from digital remittances. The cost savings from digital remittances could be a meaningful boost to global GDP and have a noteworthy impact on poverty. In order for all of these positive developments to be realized, and enabling environment for digital remittances must be created.
Identity, connectivity, banking, and literacy solutions for all must be developed by the public and private sectors in collaboration. With the current refugee crisis, the time is ripe for digital remittances to provide enhanced economic opportunity for those that need it most.

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In the foreseeable future, Digital Remittance will show an optimistic upward trend. Although Digital Remittance bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage and financial support, do not enter the Digital Remittance field hastily.
In 2018, the global Digital Remittance market size was 1990 million US$ and it is expected to reach 8830 million US$ by the end of 2025, with a CAGR of 23.8% between 2019 and 2025.

This report studies the Digital Remittance market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

This report focuses on the global top players, covered
Western Union (WU)
Ria Financial Services
PayPal/Xoom
TransferWise
WorldRemit
MoneyGram
Remitly
Azimo
TransferGo
InstaReM
TNG Wallet
Coins.ph
Toast
OrbitRemit
Smiles/Digital Wallet Corporation
Avenues India Pvt Ltd
FlyRemit

Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa

Market segment by Type, the product can be split into
Banks Digital Remittance
Digital Money Transfer Operators

Market segment by Application, the market can be split into
Migrant Labor Workforce
Study Abroad and Travel
Small Businesses
Others

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We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico

Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Rest of Asia-Pacific

Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe

Central & South America
Brazil
Rest of Central & South America

Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

The study objectives of this report are:
To study and analyze the global Digital Remittance market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Digital Remittance market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Digital Remittance manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Digital Remittance with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Digital Remittance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Digital Remittance are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025

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This report includes the estimation of market size for value (million USD) and volume (K sqm). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Digital Remittance market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Key Stakeholders
Raw material suppliers
Distributors/traders/wholesalers/suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
End-use industries

Available Customizations
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Digital Remittance market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.

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