Global Digital Cross-Border Remittance Market Growth (Status and Outlook) 2023-2029

Global Digital Cross-Border Remittance Market Growth (Status and Outlook) 2023-2029

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.).
LPI (LP Information)' newest research report, the “Digital Cross-Border Remittance Industry Forecast” looks at past sales and reviews total world Digital Cross-Border Remittance sales in 2022, providing a comprehensive analysis by region and market sector of projected Digital Cross-Border Remittance sales for 2023 through 2029. With Digital Cross-Border Remittance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Digital Cross-Border Remittance industry.
This Insight Report provides a comprehensive analysis of the global Digital Cross-Border Remittance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Digital Cross-Border Remittance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Digital Cross-Border Remittance market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Digital Cross-Border Remittance and breaks down the forecast by provider, by end user, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Digital Cross-Border Remittance.
The global Digital Cross-Border Remittance market size is projected to grow from US$ 6105.3 million in 2022 to US$ 19150 million in 2029; it is expected to grow at a CAGR of 17.7% from 2023 to 2029.
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 presents a comprehensive overview, market shares, and growth opportunities of Digital Cross-Border Remittance market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by provider
Digital Money Transfer Operators
Bank Digital Remittance
Segmentation by end user
Personal Customers
Micro and Small Businesses
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.