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Synopsis
Remittance is the transfer of money by foreign migrants to their homes. Remittance channel consists of sender, recipient, intermediaries in both countries, and the payment interface used by the intermediaries.
The global Remittance 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 Remittance 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 Remittance 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 Remittance in Personal Remittances 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 Remittance include MoneyGram International Inc., Western Union Holdings, Inc., Euronet Worldwide, Inc., The Kroger Co., ABSA, Banco Bradesco SA, U.S. Bank, Scotiabank and Societe Generale, 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 Remittance, 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 Remittance.
Report Scope
The Remittance 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 Remittance 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 Remittance 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
- MoneyGram International Inc.
- Western Union Holdings, Inc.
- Euronet Worldwide, Inc.
- The Kroger Co.
- ABSA
- Banco Bradesco SA
- U.S. Bank
- Scotiabank
- Societe Generale
- UBA
Segment by Type
- Bank Money Transfer Services
- Money Transfer App
- Others
Segment by Application
- Personal Remittances
- Business Remittances
- Public Services
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
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 Remittance 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.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Remittance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Bank Money Transfer Services
1.2.3 Money Transfer App
1.2.4 Others
1.3 Market by Application
1.3.1 Global Remittance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Personal Remittances
1.3.3 Business Remittances
1.3.4 Public Services
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Remittance Market Perspective (2019-2030)
2.2 Remittance Growth Trends by Region
2.2.1 Global Remittance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Remittance Historic Market Size by Region (2019-2024)
2.2.3 Remittance Forecasted Market Size by Region (2025-2030)
2.3 Remittance Market Dynamics
2.3.1 Remittance Industry Trends
2.3.2 Remittance Market Drivers
2.3.3 Remittance Market Challenges
2.3.4 Remittance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Remittance Players by Revenue
3.1.1 Global Top Remittance Players by Revenue (2019-2024)
3.1.2 Global Remittance Revenue Market Share by Players (2019-2024)
3.2 Global Remittance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Remittance Revenue
3.4 Global Remittance Market Concentration Ratio
3.4.1 Global Remittance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Remittance Revenue in 2023
3.5 Remittance Key Players Head office and Area Served
3.6 Key Players Remittance Product Solution and Service
3.7 Date of Enter into Remittance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Remittance Breakdown Data by Type
4.1 Global Remittance Historic Market Size by Type (2019-2024)
4.2 Global Remittance Forecasted Market Size by Type (2025-2030)
5 Remittance Breakdown Data by Application
5.1 Global Remittance Historic Market Size by Application (2019-2024)
5.2 Global Remittance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Remittance Market Size (2019-2030)
6.2 North America Remittance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Remittance Market Size by Country (2019-2024)
6.4 North America Remittance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Remittance Market Size (2019-2030)
7.2 Europe Remittance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Remittance Market Size by Country (2019-2024)
7.4 Europe Remittance 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 Remittance Market Size (2019-2030)
8.2 Asia-Pacific Remittance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Remittance Market Size by Region (2019-2024)
8.4 Asia-Pacific Remittance 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 Remittance Market Size (2019-2030)
9.2 Latin America Remittance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Remittance Market Size by Country (2019-2024)
9.4 Latin America Remittance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Remittance Market Size (2019-2030)
10.2 Middle East & Africa Remittance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Remittance Market Size by Country (2019-2024)
10.4 Middle East & Africa Remittance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 MoneyGram International Inc.
11.1.1 MoneyGram International Inc. Company Detail
11.1.2 MoneyGram International Inc. Business Overview
11.1.3 MoneyGram International Inc. Remittance Introduction
11.1.4 MoneyGram International Inc. Revenue in Remittance Business (2019-2024)
11.1.5 MoneyGram International Inc. Recent Development
11.2 Western Union Holdings, Inc.
11.2.1 Western Union Holdings, Inc. Company Detail
11.2.2 Western Union Holdings, Inc. Business Overview
11.2.3 Western Union Holdings, Inc. Remittance Introduction
11.2.4 Western Union Holdings, Inc. Revenue in Remittance Business (2019-2024)
11.2.5 Western Union Holdings, Inc. Recent Development
11.3 Euronet Worldwide, Inc.
11.3.1 Euronet Worldwide, Inc. Company Detail
11.3.2 Euronet Worldwide, Inc. Business Overview
11.3.3 Euronet Worldwide, Inc. Remittance Introduction
11.3.4 Euronet Worldwide, Inc. Revenue in Remittance Business (2019-2024)
11.3.5 Euronet Worldwide, Inc. Recent Development
11.4 The Kroger Co.
11.4.1 The Kroger Co. Company Detail
11.4.2 The Kroger Co. Business Overview
11.4.3 The Kroger Co. Remittance Introduction
11.4.4 The Kroger Co. Revenue in Remittance Business (2019-2024)
11.4.5 The Kroger Co. Recent Development
11.5 ABSA
11.5.1 ABSA Company Detail
11.5.2 ABSA Business Overview
11.5.3 ABSA Remittance Introduction
11.5.4 ABSA Revenue in Remittance Business (2019-2024)
11.5.5 ABSA Recent Development
11.6 Banco Bradesco SA
11.6.1 Banco Bradesco SA Company Detail
11.6.2 Banco Bradesco SA Business Overview
11.6.3 Banco Bradesco SA Remittance Introduction
11.6.4 Banco Bradesco SA Revenue in Remittance Business (2019-2024)
11.6.5 Banco Bradesco SA Recent Development
11.7 U.S. Bank
11.7.1 U.S. Bank Company Detail
11.7.2 U.S. Bank Business Overview
11.7.3 U.S. Bank Remittance Introduction
11.7.4 U.S. Bank Revenue in Remittance Business (2019-2024)
11.7.5 U.S. Bank Recent Development
11.8 Scotiabank
11.8.1 Scotiabank Company Detail
11.8.2 Scotiabank Business Overview
11.8.3 Scotiabank Remittance Introduction
11.8.4 Scotiabank Revenue in Remittance Business (2019-2024)
11.8.5 Scotiabank Recent Development
11.9 Societe Generale
11.9.1 Societe Generale Company Detail
11.9.2 Societe Generale Business Overview
11.9.3 Societe Generale Remittance Introduction
11.9.4 Societe Generale Revenue in Remittance Business (2019-2024)
11.9.5 Societe Generale Recent Development
11.10 UBA
11.10.1 UBA Company Detail
11.10.2 UBA Business Overview
11.10.3 UBA Remittance Introduction
11.10.4 UBA Revenue in Remittance Business (2019-2024)
11.10.5 UBA 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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