Colombia International Remittance Market Business and Investment Opportunities - Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics – Q3 2024

Colombia International Remittance Market Business and Investment Opportunities - Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics – Q3 2024

According to PayNXT360, the international inbound remittance market in Colombia has increased at 6.0% during 2023 to reach US$10,527.2 million in 2024. Over the forecast period (2024-2028), market size is expected to record a CAGR of 3.4%, increasing from US$9,930.3 million in 2023 to reach US$12,049.9 million by 2028.

Remittance outflow market in Colombia has increased at 4.8% during 2023 to reach US$464.6 million in 2024. Over the forecast period (2024-2028), market size is expected to record a CAGR of 2.8%, increasing from US$443.2 million in 2023 to reach US$519.5 million by 2028.

This report from PayNXT360 provides a comprehensive analysis of the international inbound and outbound remittance market in Colombia. It covers the market opportunity by transaction value, transaction volume, average value per transaction, key market players, market opportunity by channel, consumer profile, and by sending / receiving countries.

PayNXT360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

Scope

International Inbound Market Opportunity Trend Analysis in Colombia
• By Transaction Value
• By Transaction Volume
• By Average Value Per Transaction

Market Share of Key Players in Colombia

International Inbound Market Opportunity Trend Analysis by Channel in Colombia
• Digital (transaction value, transaction volume, average value per transaction)
• Mobile (transaction value, transaction volume, average value per transaction)
• Non-Digital (transaction value, transaction volume, average value per transaction)

International Inbound Remittance Analysis of Consumer Profile in Colombia
• Analysis by age group of senders
• Analysis by income of senders
• Analysis by occupation of senders
• Analysis by occupation of beneficiaries
• Analysis by purpose

International Inbound Remittance Flow Analysis (Country to State / Region) in Colombia
• Market opportunity by key sending countries (transaction value, transaction volume, average value per transaction)
• Market share by transfer channel by key state / regions

International Outbound Market Opportunity Trend Analysis in Colombia
• By Transaction Value
• By Transaction Volume
• By Average Value Per Transaction

International Outbound Market Opportunity Trend Analysis by Channel in Colombia
• Digital (transaction value, transaction volume, average value per transaction)
• Mobile (transaction value, transaction volume, average value per transaction)
• Non-Digital (transaction value, transaction volume, average value per transaction)

International Outbound Remittance Analysis of Consumer Profile in Colombia
• Analysis by age group of senders
• Analysis by income of sender
• Analysis by occupation of sender
• Analysis by occupation of beneficiaries
• Analysis by purpose

International Outbound Remittance Flow Analysis (State / Region to Country) in Colombia
• Market opportunity by key sending countries (transaction value, transaction volume, average value per transaction)
• Market share by transfer channel by key state / regions

Reasons to buy

• Thorough and Current Insights: This report delivers extensive and up-to-date insights into the Argentina remittance market, covering key aspects such as market size, growth trends, transaction values, transaction volumes, average transaction values, and market share analysis segmented by transfer channels, consumer demographics, and major countries.

• Competitive Landscape Overview: Obtain a comprehensive overview of the competitive landscape through detailed market share data of leading players in the remittance industry.

• Practical Insights for Businesses and Investors: The report offers data-driven analysis tailored for businesses and investors in the Argentina remittance sector, helping to uncover new opportunities, evaluate risks, and make informed strategic decisions.

• Future Market Growth Projections: The report includes forecasts for future growth in the remittance market, empowering businesses and investors to effectively plan and strategize for upcoming trends.