Global Digital Remittance Market Growth (Status and Outlook) 2025-2031

Global Digital Remittance Market Growth (Status and Outlook) 2025-2031

The global Digital Remittance market size is predicted to grow from US$ 8518 million in 2025 to US$ 23050 million in 2031; it is expected to grow at a CAGR of 18.1% from 2025 to 2031.

The digital remittance as P2P money remittance 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.).

Global key players of digital money transfer and remittance include Western Union, Ria Financial Services, etc. Global top 3 companies hold a share over 40%. North America is the largest market, with a share about 33%, followed by Asia Pacific and Europe with the share about 32% and 15%. In terms of product, digital money transfer operator is the largest segment, with a share over 80%. And in terms of application, the largest end user is personal customers, with a share about 80%.

LPI (LP Information)' newest research report, the “Digital Remittance Industry Forecast” looks at past sales and reviews total world Digital Remittance sales in 2024, providing a comprehensive analysis by region and market sector of projected Digital Remittance sales for 2025 through 2031. With Digital Remittance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Digital Remittance industry.

This Insight Report provides a comprehensive analysis of the global Digital 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 analyses the strategies of leading global companies with a focus on Digital Remittance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Digital Remittance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Digital 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 Remittance.

This report presents a comprehensive overview, market shares, and growth opportunities of Digital Remittance market by product type, application, key players and key regions and countries.

Segmentation by Provider:
Digital Money Transfer Operators
Banks 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)
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

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