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The digital remittance as P2P money remittance is sent via an online platform (mobile, desktop, tablet etc.), including both immediate transfers (less than 24 hours) and transfers that takes more than 24 hours. For example, Western Union (WU) is an important player of Digital Remittance. In this report, the Western Union’s digital remittance revenue is only for online money transfer, though WU’s branded website, including through their mobile devices, PC and tablet etc.).
Global Digital Money Transfer market is projected to reach US$ 9790.4 million in 2029, increasing from US$ 6633 million in 2022, with the CAGR of 5.6% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Digital Money Transfer market research.
Global key players of digital money transfer and remittance include Western Union, Ria Financial Services, etc. Global top 3 companies hold a share over 40%. North America is the largest market, with a share about 33%, followed by Asia Pacific and Europe with the share about 32% and 15%. In terms of product, digital money transfer operator is the largest segment, with a share over 80%. And in terms of application, the largest end user is personal customers, with a share about 80%.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Digital Money Transfer market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Segment by Type
Segment by Application
Consumption by Region
The Digital Money Transfer report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies' Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Digital Money Transfer Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Mobile Domestic Money Transfer
1.2.3 Online Domestic Money Transfer
1.2.4 Others
1.3 Market by Application
1.3.1 Global Digital Money Transfer Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Banking
1.3.3 Finance
1.3.4 Investment Institution
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Digital Money Transfer Market Perspective (2018-2029)
2.2 Digital Money Transfer Growth Trends by Region
2.2.1 Global Digital Money Transfer Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Digital Money Transfer Historic Market Size by Region (2018-2023)
2.2.3 Digital Money Transfer Forecasted Market Size by Region (2024-2029)
2.3 Digital Money Transfer Market Dynamics
2.3.1 Digital Money Transfer Industry Trends
2.3.2 Digital Money Transfer Market Drivers
2.3.3 Digital Money Transfer Market Challenges
2.3.4 Digital Money Transfer Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Digital Money Transfer Players by Revenue
3.1.1 Global Top Digital Money Transfer Players by Revenue (2018-2023)
3.1.2 Global Digital Money Transfer Revenue Market Share by Players (2018-2023)
3.2 Global Digital Money Transfer Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Digital Money Transfer Revenue
3.4 Global Digital Money Transfer Market Concentration Ratio
3.4.1 Global Digital Money Transfer Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Digital Money Transfer Revenue in 2022
3.5 Digital Money Transfer Key Players Head office and Area Served
3.6 Key Players Digital Money Transfer Product Solution and Service
3.7 Date of Enter into Digital Money Transfer Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Digital Money Transfer Breakdown Data by Type
4.1 Global Digital Money Transfer Historic Market Size by Type (2018-2023)
4.2 Global Digital Money Transfer Forecasted Market Size by Type (2024-2029)
5 Digital Money Transfer Breakdown Data by Application
5.1 Global Digital Money Transfer Historic Market Size by Application (2018-2023)
5.2 Global Digital Money Transfer Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Digital Money Transfer Market Size (2018-2029)
6.2 North America Digital Money Transfer Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Digital Money Transfer Market Size by Country (2018-2023)
6.4 North America Digital Money Transfer Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Digital Money Transfer Market Size (2018-2029)
7.2 Europe Digital Money Transfer Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Digital Money Transfer Market Size by Country (2018-2023)
7.4 Europe Digital Money Transfer Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Digital Money Transfer Market Size (2018-2029)
8.2 Asia-Pacific Digital Money Transfer Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Digital Money Transfer Market Size by Region (2018-2023)
8.4 Asia-Pacific Digital Money Transfer Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Digital Money Transfer Market Size (2018-2029)
9.2 Latin America Digital Money Transfer Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Digital Money Transfer Market Size by Country (2018-2023)
9.4 Latin America Digital Money Transfer Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Digital Money Transfer Market Size (2018-2029)
10.2 Middle East & Africa Digital Money Transfer Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Digital Money Transfer Market Size by Country (2018-2023)
10.4 Middle East & Africa Digital Money Transfer Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Amdocs
11.1.1 Amdocs Company Detail
11.1.2 Amdocs Business Overview
11.1.3 Amdocs Digital Money Transfer Introduction
11.1.4 Amdocs Revenue in Digital Money Transfer Business (2018-2023)
11.1.5 Amdocs Recent Development
11.2 eServGlobal
11.2.1 eServGlobal Company Detail
11.2.2 eServGlobal Business Overview
11.2.3 eServGlobal Digital Money Transfer Introduction
11.2.4 eServGlobal Revenue in Digital Money Transfer Business (2018-2023)
11.2.5 eServGlobal Recent Development
11.3 Huawei
11.3.1 Huawei Company Detail
11.3.2 Huawei Business Overview
11.3.3 Huawei Digital Money Transfer Introduction
11.3.4 Huawei Revenue in Digital Money Transfer Business (2018-2023)
11.3.5 Huawei Recent Development
11.4 Infosys EdgeVerve
11.4.1 Infosys EdgeVerve Company Detail
11.4.2 Infosys EdgeVerve Business Overview
11.4.3 Infosys EdgeVerve Digital Money Transfer Introduction
11.4.4 Infosys EdgeVerve Revenue in Digital Money Transfer Business (2018-2023)
11.4.5 Infosys EdgeVerve Recent Development
11.5 Interac
11.5.1 Interac Company Detail
11.5.2 Interac Business Overview
11.5.3 Interac Digital Money Transfer Introduction
11.5.4 Interac Revenue in Digital Money Transfer Business (2018-2023)
11.5.5 Interac Recent Development
11.6 Mahindra Comviva
11.6.1 Mahindra Comviva Company Detail
11.6.2 Mahindra Comviva Business Overview
11.6.3 Mahindra Comviva Digital Money Transfer Introduction
11.6.4 Mahindra Comviva Revenue in Digital Money Transfer Business (2018-2023)
11.6.5 Mahindra Comviva Recent Development
11.7 Mastercard
11.7.1 Mastercard Company Detail
11.7.2 Mastercard Business Overview
11.7.3 Mastercard Digital Money Transfer Introduction
11.7.4 Mastercard Revenue in Digital Money Transfer Business (2018-2023)
11.7.5 Mastercard Recent Development
11.8 OBOPAY
11.8.1 OBOPAY Company Detail
11.8.2 OBOPAY Business Overview
11.8.3 OBOPAY Digital Money Transfer Introduction
11.8.4 OBOPAY Revenue in Digital Money Transfer Business (2018-2023)
11.8.5 OBOPAY Recent Development
11.9 PayPal
11.9.1 PayPal Company Detail
11.9.2 PayPal Business Overview
11.9.3 PayPal Digital Money Transfer Introduction
11.9.4 PayPal Revenue in Digital Money Transfer Business (2018-2023)
11.9.5 PayPal Recent Development
11.10 Telepin Software
11.10.1 Telepin Software Company Detail
11.10.2 Telepin Software Business Overview
11.10.3 Telepin Software Digital Money Transfer Introduction
11.10.4 Telepin Software Revenue in Digital Money Transfer Business (2018-2023)
11.10.5 Telepin Software Recent Development
11.11 TransferTo
11.11.1 TransferTo Company Detail
11.11.2 TransferTo Business Overview
11.11.3 TransferTo Digital Money Transfer Introduction
11.11.4 TransferTo Revenue in Digital Money Transfer Business (2018-2023)
11.11.5 TransferTo Recent Development
11.12 Visa
11.12.1 Visa Company Detail
11.12.2 Visa Business Overview
11.12.3 Visa Digital Money Transfer Introduction
11.12.4 Visa Revenue in Digital Money Transfer Business (2018-2023)
11.12.5 Visa Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research