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Global Digital Remittance Platform Market Research Report 2024
Synopsis
A digital remittance platform is an online or mobile-based platform that facilitates the transfer of money from one location to another using digital technology and the internet. It allows individuals or businesses to send money internationally or domestically in a fast, secure, and convenient manner.
The global Digital Remittance Platform market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Digital Remittance Platform is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Digital Remittance Platform is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Digital Remittance Platform in Individual Consumers is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Digital Remittance Platform include PayPal, Western Union, TransferWise (now Wise), Remitly, WorldRemit, MoneyGram, Xoom, Ria Money Transfer and Azimo, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Digital Remittance Platform, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Remittance Platform.
Report Scope
The Digital Remittance Platform market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Remittance Platform market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Remittance Platform companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
PayPal
Western Union
TransferWise (now Wise)
Remitly
WorldRemit
MoneyGram
Xoom
Ria Money Transfer
Azimo
InstaReM
Payoneer
Skrill
TNG Wallet
OFX
CurrencyFair
Pangea Money Transfer
Sendwave
OrbitRemit
Small World Financial Services
Flutterwave
Segment by Type
Mobile Payment Apps
Online Remittance Platforms
Bank-Integrated Platforms
Others
Segment by Application
Individual Consumers
Small-Mid Businesses
Large Enterprises
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Digital Remittance Platform companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
A digital remittance platform is an online or mobile-based platform that facilitates the transfer of money from one location to another using digital technology and the internet. It allows individuals or businesses to send money internationally or domestically in a fast, secure, and convenient manner.
The global Digital Remittance Platform market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Digital Remittance Platform is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Digital Remittance Platform is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Digital Remittance Platform in Individual Consumers is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Digital Remittance Platform include PayPal, Western Union, TransferWise (now Wise), Remitly, WorldRemit, MoneyGram, Xoom, Ria Money Transfer and Azimo, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Digital Remittance Platform, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Remittance Platform.
Report Scope
The Digital Remittance Platform market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Digital Remittance Platform market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Remittance Platform companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
PayPal
Western Union
TransferWise (now Wise)
Remitly
WorldRemit
MoneyGram
Xoom
Ria Money Transfer
Azimo
InstaReM
Payoneer
Skrill
TNG Wallet
OFX
CurrencyFair
Pangea Money Transfer
Sendwave
OrbitRemit
Small World Financial Services
Flutterwave
Segment by Type
Mobile Payment Apps
Online Remittance Platforms
Bank-Integrated Platforms
Others
Segment by Application
Individual Consumers
Small-Mid Businesses
Large Enterprises
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Digital Remittance Platform companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Digital Remittance Platform Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Mobile Payment Apps
1.2.3 Online Remittance Platforms
1.2.4 Bank-Integrated Platforms
1.2.5 Others
1.3 Market by Application
1.3.1 Global Digital Remittance Platform Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Individual Consumers
1.3.3 Small-Mid Businesses
1.3.4 Large Enterprises
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Digital Remittance Platform Market Perspective (2019-2030)
2.2 Digital Remittance Platform Growth Trends by Region
2.2.1 Global Digital Remittance Platform Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Digital Remittance Platform Historic Market Size by Region (2019-2024)
2.2.3 Digital Remittance Platform Forecasted Market Size by Region (2025-2030)
2.3 Digital Remittance Platform Market Dynamics
2.3.1 Digital Remittance Platform Industry Trends
2.3.2 Digital Remittance Platform Market Drivers
2.3.3 Digital Remittance Platform Market Challenges
2.3.4 Digital Remittance Platform Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Digital Remittance Platform Players by Revenue
3.1.1 Global Top Digital Remittance Platform Players by Revenue (2019-2024)
3.1.2 Global Digital Remittance Platform Revenue Market Share by Players (2019-2024)
3.2 Global Digital Remittance Platform Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Digital Remittance Platform Revenue
3.4 Global Digital Remittance Platform Market Concentration Ratio
3.4.1 Global Digital Remittance Platform Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Digital Remittance Platform Revenue in 2023
3.5 Digital Remittance Platform Key Players Head office and Area Served
3.6 Key Players Digital Remittance Platform Product Solution and Service
3.7 Date of Enter into Digital Remittance Platform Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Digital Remittance Platform Breakdown Data by Type
4.1 Global Digital Remittance Platform Historic Market Size by Type (2019-2024)
4.2 Global Digital Remittance Platform Forecasted Market Size by Type (2025-2030)
5 Digital Remittance Platform Breakdown Data by Application
5.1 Global Digital Remittance Platform Historic Market Size by Application (2019-2024)
5.2 Global Digital Remittance Platform Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Digital Remittance Platform Market Size (2019-2030)
6.2 North America Digital Remittance Platform Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Digital Remittance Platform Market Size by Country (2019-2024)
6.4 North America Digital Remittance Platform Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Digital Remittance Platform Market Size (2019-2030)
7.2 Europe Digital Remittance Platform Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Digital Remittance Platform Market Size by Country (2019-2024)
7.4 Europe Digital Remittance Platform Market Size by Country (2025-2030)
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 Remittance Platform Market Size (2019-2030)
8.2 Asia-Pacific Digital Remittance Platform Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Digital Remittance Platform Market Size by Region (2019-2024)
8.4 Asia-Pacific Digital Remittance Platform Market Size by Region (2025-2030)
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 Remittance Platform Market Size (2019-2030)
9.2 Latin America Digital Remittance Platform Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Digital Remittance Platform Market Size by Country (2019-2024)
9.4 Latin America Digital Remittance Platform Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Digital Remittance Platform Market Size (2019-2030)
10.2 Middle East & Africa Digital Remittance Platform Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Digital Remittance Platform Market Size by Country (2019-2024)
10.4 Middle East & Africa Digital Remittance Platform Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 PayPal
11.1.1 PayPal Company Detail
11.1.2 PayPal Business Overview
11.1.3 PayPal Digital Remittance Platform Introduction
11.1.4 PayPal Revenue in Digital Remittance Platform Business (2019-2024)
11.1.5 PayPal Recent Development
11.2 Western Union
11.2.1 Western Union Company Detail
11.2.2 Western Union Business Overview
11.2.3 Western Union Digital Remittance Platform Introduction
11.2.4 Western Union Revenue in Digital Remittance Platform Business (2019-2024)
11.2.5 Western Union Recent Development
11.3 TransferWise (now Wise)
11.3.1 TransferWise (now Wise) Company Detail
11.3.2 TransferWise (now Wise) Business Overview
11.3.3 TransferWise (now Wise) Digital Remittance Platform Introduction
11.3.4 TransferWise (now Wise) Revenue in Digital Remittance Platform Business (2019-2024)
11.3.5 TransferWise (now Wise) Recent Development
11.4 Remitly
11.4.1 Remitly Company Detail
11.4.2 Remitly Business Overview
11.4.3 Remitly Digital Remittance Platform Introduction
11.4.4 Remitly Revenue in Digital Remittance Platform Business (2019-2024)
11.4.5 Remitly Recent Development
11.5 WorldRemit
11.5.1 WorldRemit Company Detail
11.5.2 WorldRemit Business Overview
11.5.3 WorldRemit Digital Remittance Platform Introduction
11.5.4 WorldRemit Revenue in Digital Remittance Platform Business (2019-2024)
11.5.5 WorldRemit Recent Development
11.6 MoneyGram
11.6.1 MoneyGram Company Detail
11.6.2 MoneyGram Business Overview
11.6.3 MoneyGram Digital Remittance Platform Introduction
11.6.4 MoneyGram Revenue in Digital Remittance Platform Business (2019-2024)
11.6.5 MoneyGram Recent Development
11.7 Xoom
11.7.1 Xoom Company Detail
11.7.2 Xoom Business Overview
11.7.3 Xoom Digital Remittance Platform Introduction
11.7.4 Xoom Revenue in Digital Remittance Platform Business (2019-2024)
11.7.5 Xoom Recent Development
11.8 Ria Money Transfer
11.8.1 Ria Money Transfer Company Detail
11.8.2 Ria Money Transfer Business Overview
11.8.3 Ria Money Transfer Digital Remittance Platform Introduction
11.8.4 Ria Money Transfer Revenue in Digital Remittance Platform Business (2019-2024)
11.8.5 Ria Money Transfer Recent Development
11.9 Azimo
11.9.1 Azimo Company Detail
11.9.2 Azimo Business Overview
11.9.3 Azimo Digital Remittance Platform Introduction
11.9.4 Azimo Revenue in Digital Remittance Platform Business (2019-2024)
11.9.5 Azimo Recent Development
11.10 InstaReM
11.10.1 InstaReM Company Detail
11.10.2 InstaReM Business Overview
11.10.3 InstaReM Digital Remittance Platform Introduction
11.10.4 InstaReM Revenue in Digital Remittance Platform Business (2019-2024)
11.10.5 InstaReM Recent Development
11.11 Payoneer
11.11.1 Payoneer Company Detail
11.11.2 Payoneer Business Overview
11.11.3 Payoneer Digital Remittance Platform Introduction
11.11.4 Payoneer Revenue in Digital Remittance Platform Business (2019-2024)
11.11.5 Payoneer Recent Development
11.12 Skrill
11.12.1 Skrill Company Detail
11.12.2 Skrill Business Overview
11.12.3 Skrill Digital Remittance Platform Introduction
11.12.4 Skrill Revenue in Digital Remittance Platform Business (2019-2024)
11.12.5 Skrill Recent Development
11.13 TNG Wallet
11.13.1 TNG Wallet Company Detail
11.13.2 TNG Wallet Business Overview
11.13.3 TNG Wallet Digital Remittance Platform Introduction
11.13.4 TNG Wallet Revenue in Digital Remittance Platform Business (2019-2024)
11.13.5 TNG Wallet Recent Development
11.14 OFX
11.14.1 OFX Company Detail
11.14.2 OFX Business Overview
11.14.3 OFX Digital Remittance Platform Introduction
11.14.4 OFX Revenue in Digital Remittance Platform Business (2019-2024)
11.14.5 OFX Recent Development
11.15 CurrencyFair
11.15.1 CurrencyFair Company Detail
11.15.2 CurrencyFair Business Overview
11.15.3 CurrencyFair Digital Remittance Platform Introduction
11.15.4 CurrencyFair Revenue in Digital Remittance Platform Business (2019-2024)
11.15.5 CurrencyFair Recent Development
11.16 Pangea Money Transfer
11.16.1 Pangea Money Transfer Company Detail
11.16.2 Pangea Money Transfer Business Overview
11.16.3 Pangea Money Transfer Digital Remittance Platform Introduction
11.16.4 Pangea Money Transfer Revenue in Digital Remittance Platform Business (2019-2024)
11.16.5 Pangea Money Transfer Recent Development
11.17 Sendwave
11.17.1 Sendwave Company Detail
11.17.2 Sendwave Business Overview
11.17.3 Sendwave Digital Remittance Platform Introduction
11.17.4 Sendwave Revenue in Digital Remittance Platform Business (2019-2024)
11.17.5 Sendwave Recent Development
11.18 OrbitRemit
11.18.1 OrbitRemit Company Detail
11.18.2 OrbitRemit Business Overview
11.18.3 OrbitRemit Digital Remittance Platform Introduction
11.18.4 OrbitRemit Revenue in Digital Remittance Platform Business (2019-2024)
11.18.5 OrbitRemit Recent Development
11.19 Small World Financial Services
11.19.1 Small World Financial Services Company Detail
11.19.2 Small World Financial Services Business Overview
11.19.3 Small World Financial Services Digital Remittance Platform Introduction
11.19.4 Small World Financial Services Revenue in Digital Remittance Platform Business (2019-2024)
11.19.5 Small World Financial Services Recent Development
11.20 Flutterwave
11.20.1 Flutterwave Company Detail
11.20.2 Flutterwave Business Overview
11.20.3 Flutterwave Digital Remittance Platform Introduction
11.20.4 Flutterwave Revenue in Digital Remittance Platform Business (2019-2024)
11.20.5 Flutterwave 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
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