Global Digital Cross-Border Remittance Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Digital Cross-Border Remittance Market 2024 by Company, Regions, Type and Application, Forecast to 2030

In this report, we focus on the digital remittance as P2P money remittance that 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.).

According to our (Global Info Research) latest study, the global Digital Cross-Border Remittance market size was valued at US$ 8397 million in 2023 and is forecast to a readjusted size of USD 24470 million by 2030 with a CAGR of 16.7% during review period.

Global core digital cross-border remittance manufacturers include DSM, Wise (TransferWise) etc.The top 2 companies hold a share about 30%. North America is the largest market, with a share about 35%, followed by Asia Pacific and Europe with the share about 32% and 14%.In terms of provider, digital money transfer operators is the largest segment, with a share over 85%. And in terms of end user, the largest application is personal customers, followed by micro and small businesses.

This report is a detailed and comprehensive analysis for global Digital Cross-Border Remittance market. Both quantitative and qualitative analyses are presented by company, by region & country, By Provider and By End User. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Digital Cross-Border Remittance market size and forecasts, in consumption value ($ Million), 2019-2030

Global Digital Cross-Border Remittance market size and forecasts by region and country, in consumption value ($ Million), 2019-2030

Global Digital Cross-Border Remittance market size and forecasts, By Provider and By End User, in consumption value ($ Million), 2019-2030

Global Digital Cross-Border Remittance market shares of main players, in revenue ($ Million), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Digital Cross-Border Remittance

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Digital Cross-Border Remittance market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Western Union (WU), Wise (TransferWise), Zepz (WorldRemit, Sendwave), Remitly, Ria Financial Services (Euronet), PayPal/Xoom, MoneyGram, Flywire, TransferGo, OrbitRemit, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Digital Cross-Border Remittance market is split By Provider and By End User. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value By Provider and By End User. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation

Digital Cross-Border Remittance market is split By Provider and By End User. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value By Provider and By End User. This analysis can help you expand your business by targeting qualified niche markets.

Market segment By Provider
Digital Money Transfer Operators
Bank Digital Remittance

Market segment By End User
Personal Customers
Micro and Small Businesses

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

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Digital Cross-Border Remittance product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Digital Cross-Border Remittance, with revenue, gross margin, and global market share of Digital Cross-Border Remittance from 2019 to 2024.

Chapter 3, the Digital Cross-Border Remittance competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size By Provider and By End User, with consumption value and growth rate By Provider, By End User, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Digital Cross-Border Remittance market forecast, by regions, By Provider and By End User, with consumption value, from 2024 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Digital Cross-Border Remittance.

Chapter 13, to describe Digital Cross-Border Remittance research findings and conclusion.