Digital Money Transfer and Remittances Industry Research Report 2025

Summary

According to APO Research, The global Digital Money Transfer and Remittances market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.

North American market for Digital Money Transfer and Remittances is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Asia-Pacific market for Digital Money Transfer and Remittances is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

Europe market for Digital Money Transfer and Remittances is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.

The major global companies of Digital Money Transfer and Remittances include Western Union (WU), Ria Financial Services (Euronet), PayPal/Xoom, Wise, Zepz (WorldRemit, Sendwave), MoneyGram, Remitly, Azimo and TransferGo, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Digital Money Transfer and Remittances, 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 Money Transfer and Remittances.

The Digital Money Transfer and Remittances market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Digital Money Transfer and Remittances 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.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.

Digital Money Transfer and Remittances Segment by Company

Western Union (WU)
Ria Financial Services (Euronet)
PayPal/Xoom
Wise
Zepz (WorldRemit, Sendwave)
MoneyGram
Remitly
Azimo
TransferGo
NIUM, Inc (Instarem)
TNG FinTech
Coins.ph
OrbitRemit
Smiles/Digital Wallet Corporation
FlyRemit
SingX
Flywire
Intermex
Small World

Digital Money Transfer and Remittances Segment by Provider
Digital Money Transfer Operators
Banks Digital Remittance

Digital Money Transfer and Remittances Segment by End User
Personal Customers
Micro and Small Businesses

Digital Money Transfer and Remittances Segment by End User
Personal Customers
Micro and Small Businesses

Digital Money Transfer and Remittances Segment by Region

North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Digital Money Transfer and Remittances market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Digital Money Transfer and Remittances and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Digital Money Transfer and Remittances.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, 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 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments 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 5: 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 6: Detailed analysis of Digital Money Transfer and Remittances companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South 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 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.

Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Digital Money Transfer and Remittances by Provider
2.2.1 Market Value Comparison by Provider (2020 VS 2024 VS 2031)
2.2.2 Digital Money Transfer Operators
2.2.3 Banks Digital Remittance
2.3 Digital Money Transfer and Remittances by End User
2.3.1 Market Value Comparison by End User (2020 VS 2024 VS 2031)
2.3.2 Personal Customers
2.3.3 Micro and Small Businesses
2.4 Assumptions and Limitations
3 Digital Money Transfer and Remittances Breakdown Data by Provider
3.1 Global Digital Money Transfer and Remittances Historic Market Size by Provider (2020-2025)
3.2 Global Digital Money Transfer and Remittances Forecasted Market Size by Provider (2026-2031)
4 Digital Money Transfer and Remittances Breakdown Data by End User
4.1 Global Digital Money Transfer and Remittances Historic Market Size by End User (2020-2025)
4.2 Global Digital Money Transfer and Remittances Forecasted Market Size by End User (2026-2031)
5 Global Growth Trends
5.1 Global Digital Money Transfer and Remittances Market Perspective (2020-2031)
5.2 Global Digital Money Transfer and Remittances Growth Trends by Region
5.2.1 Global Digital Money Transfer and Remittances Market Size by Region: 2020 VS 2024 VS 2031
5.2.2 Digital Money Transfer and Remittances Historic Market Size by Region (2020-2025)
5.2.3 Digital Money Transfer and Remittances Forecasted Market Size by Region (2026-2031)
5.3 Digital Money Transfer and Remittances Market Dynamics
5.3.1 Digital Money Transfer and Remittances Industry Trends
5.3.2 Digital Money Transfer and Remittances Market Drivers
5.3.3 Digital Money Transfer and Remittances Market Challenges
5.3.4 Digital Money Transfer and Remittances Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top Digital Money Transfer and Remittances Players by Revenue
6.1.1 Global Top Digital Money Transfer and Remittances Players by Revenue (2020-2025)
6.1.2 Global Digital Money Transfer and Remittances Revenue Market Share by Players (2020-2025)
6.2 Global Digital Money Transfer and Remittances Industry Players Ranking, 2023 VS 2024 VS 2025
6.3 Global Key Players of Digital Money Transfer and Remittances Head Office and Area Served
6.4 Global Digital Money Transfer and Remittances Players, Product Type & Application
6.5 Global Digital Money Transfer and Remittances Manufacturers Established Date
6.6 Global Digital Money Transfer and Remittances Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America Digital Money Transfer and Remittances Market Size (2020-2031)
7.2 North America Digital Money Transfer and Remittances Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 North America Digital Money Transfer and Remittances Market Size by Country (2020-2025)
7.4 North America Digital Money Transfer and Remittances Market Size by Country (2026-2031)
7.5 United States
7.5 United States
7.6 Canada
7.7 Mexico
8 Europe
8.1 Europe Digital Money Transfer and Remittances Market Size (2020-2031)
8.2 Europe Digital Money Transfer and Remittances Market Growth Rate by Country: 2020 VS 2024 VS 2031
8.3 Europe Digital Money Transfer and Remittances Market Size by Country (2020-2025)
8.4 Europe Digital Money Transfer and Remittances Market Size by Country (2026-2031)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Spain
8.10 Russia
8.11 Netherlands
8.12 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific Digital Money Transfer and Remittances Market Size (2020-2031)
9.2 Asia-Pacific Digital Money Transfer and Remittances Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Asia-Pacific Digital Money Transfer and Remittances Market Size by Country (2020-2025)
9.4 Asia-Pacific Digital Money Transfer and Remittances Market Size by Country (2026-2031)
9.5 China
9.6 Japan
9.7 South Korea
9.8 India
9.9 Australia
9.10 China Taiwan
9.11 Southeast Asia
10 South America
10.1 South America Digital Money Transfer and Remittances Market Size (2020-2031)
10.2 South America Digital Money Transfer and Remittances Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 South America Digital Money Transfer and Remittances Market Size by Country (2020-2025)
10.4 South America Digital Money Transfer and Remittances Market Size by Country (2026-2031)
10.5 Brazil
10.6 Argentina
10.7 Chile
10.8 Colombia
10.9 Peru
11 Middle East & Africa
11.1 Middle East & Africa Digital Money Transfer and Remittances Market Size (2020-2031)
11.2 Middle East & Africa Digital Money Transfer and Remittances Market Growth Rate by Country: 2020 VS 2024 VS 2031
11.3 Middle East & Africa Digital Money Transfer and Remittances Market Size by Country (2020-2025)
11.4 Middle East & Africa Digital Money Transfer and Remittances Market Size by Country (2026-2031)
11.5 Saudi Arabia
11.6 Israel
11.7 United Arab Emirates
11.8 Turkey
11.9 Iran
11.10 Egypt
12 Players Profiled
12.1 Western Union (WU)
12.1.1 Western Union (WU) Company Information
12.1.2 Western Union (WU) Business Overview
12.1.3 Western Union (WU) Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.1.4 Western Union (WU) Digital Money Transfer and Remittances Product Portfolio
12.1.5 Western Union (WU) Recent Developments
12.2 Ria Financial Services (Euronet)
12.2.1 Ria Financial Services (Euronet) Company Information
12.2.2 Ria Financial Services (Euronet) Business Overview
12.2.3 Ria Financial Services (Euronet) Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.2.4 Ria Financial Services (Euronet) Digital Money Transfer and Remittances Product Portfolio
12.2.5 Ria Financial Services (Euronet) Recent Developments
12.3 PayPal/Xoom
12.3.1 PayPal/Xoom Company Information
12.3.2 PayPal/Xoom Business Overview
12.3.3 PayPal/Xoom Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.3.4 PayPal/Xoom Digital Money Transfer and Remittances Product Portfolio
12.3.5 PayPal/Xoom Recent Developments
12.4 Wise
12.4.1 Wise Company Information
12.4.2 Wise Business Overview
12.4.3 Wise Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.4.4 Wise Digital Money Transfer and Remittances Product Portfolio
12.4.5 Wise Recent Developments
12.5 Zepz (WorldRemit, Sendwave)
12.5.1 Zepz (WorldRemit, Sendwave) Company Information
12.5.2 Zepz (WorldRemit, Sendwave) Business Overview
12.5.3 Zepz (WorldRemit, Sendwave) Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.5.4 Zepz (WorldRemit, Sendwave) Digital Money Transfer and Remittances Product Portfolio
12.5.5 Zepz (WorldRemit, Sendwave) Recent Developments
12.6 MoneyGram
12.6.1 MoneyGram Company Information
12.6.2 MoneyGram Business Overview
12.6.3 MoneyGram Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.6.4 MoneyGram Digital Money Transfer and Remittances Product Portfolio
12.6.5 MoneyGram Recent Developments
12.7 Remitly
12.7.1 Remitly Company Information
12.7.2 Remitly Business Overview
12.7.3 Remitly Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.7.4 Remitly Digital Money Transfer and Remittances Product Portfolio
12.7.5 Remitly Recent Developments
12.8 Azimo
12.8.1 Azimo Company Information
12.8.2 Azimo Business Overview
12.8.3 Azimo Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.8.4 Azimo Digital Money Transfer and Remittances Product Portfolio
12.8.5 Azimo Recent Developments
12.9 TransferGo
12.9.1 TransferGo Company Information
12.9.2 TransferGo Business Overview
12.9.3 TransferGo Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.9.4 TransferGo Digital Money Transfer and Remittances Product Portfolio
12.9.5 TransferGo Recent Developments
12.10 NIUM, Inc (Instarem)
12.10.1 NIUM, Inc (Instarem) Company Information
12.10.2 NIUM, Inc (Instarem) Business Overview
12.10.3 NIUM, Inc (Instarem) Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.10.4 NIUM, Inc (Instarem) Digital Money Transfer and Remittances Product Portfolio
12.10.5 NIUM, Inc (Instarem) Recent Developments
12.11 TNG FinTech
12.11.1 TNG FinTech Company Information
12.11.2 TNG FinTech Business Overview
12.11.3 TNG FinTech Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.11.4 TNG FinTech Digital Money Transfer and Remittances Product Portfolio
12.11.5 TNG FinTech Recent Developments
12.12 Coins.ph
12.12.1 Coins.ph Company Information
12.12.2 Coins.ph Business Overview
12.12.3 Coins.ph Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.12.4 Coins.ph Digital Money Transfer and Remittances Product Portfolio
12.12.5 Coins.ph Recent Developments
12.13 OrbitRemit
12.13.1 OrbitRemit Company Information
12.13.2 OrbitRemit Business Overview
12.13.3 OrbitRemit Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.13.4 OrbitRemit Digital Money Transfer and Remittances Product Portfolio
12.13.5 OrbitRemit Recent Developments
12.14 Smiles/Digital Wallet Corporation
12.14.1 Smiles/Digital Wallet Corporation Company Information
12.14.2 Smiles/Digital Wallet Corporation Business Overview
12.14.3 Smiles/Digital Wallet Corporation Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.14.4 Smiles/Digital Wallet Corporation Digital Money Transfer and Remittances Product Portfolio
12.14.5 Smiles/Digital Wallet Corporation Recent Developments
12.15 FlyRemit
12.15.1 FlyRemit Company Information
12.15.2 FlyRemit Business Overview
12.15.3 FlyRemit Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.15.4 FlyRemit Digital Money Transfer and Remittances Product Portfolio
12.15.5 FlyRemit Recent Developments
12.16 SingX
12.16.1 SingX Company Information
12.16.2 SingX Business Overview
12.16.3 SingX Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.16.4 SingX Digital Money Transfer and Remittances Product Portfolio
12.16.5 SingX Recent Developments
12.17 Flywire
12.17.1 Flywire Company Information
12.17.2 Flywire Business Overview
12.17.3 Flywire Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.17.4 Flywire Digital Money Transfer and Remittances Product Portfolio
12.17.5 Flywire Recent Developments
12.18 Intermex
12.18.1 Intermex Company Information
12.18.2 Intermex Business Overview
12.18.3 Intermex Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.18.4 Intermex Digital Money Transfer and Remittances Product Portfolio
12.18.5 Intermex Recent Developments
12.19 Small World
12.19.1 Small World Company Information
12.19.2 Small World Business Overview
12.19.3 Small World Revenue in Digital Money Transfer and Remittances Business (2020-2025)
12.19.4 Small World Digital Money Transfer and Remittances Product Portfolio
12.19.5 Small World Recent Developments
13 Report Conclusion
14 Disclaimer

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