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Asia-Pacific Digital Remittance Market by Remittance Type (Inward Digital Remittance, and Outward Digital Remittance), and Remittance Channel (Banks, Money Transfer Operators (MTOs), and Others): Opportunity Analysis and Industry Forecast, 2019-2026

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The Asia-Pacific digital remittance market was valued at USD 49,851.9 million in 2018, and is estimated to reach USD 269,784.7 million by 2026, registering a CAGR of 23.4% from 2019 to 2026.
Digital remittance is referred as the transfer of money by foreign migrants to their native countries by using digital transfer network such as easy-to-use mobile application, digital wallets, and others.The remittance industry is shifting itsfocus on being digitally remastered. Factors such as growth in base of customers comfortable with using mobile devices in Asia-Pacific, rise in competition from new entrants, and margin pressures due to a growing consensus on lowering remittance transaction fees drives the penetration of digital channels. Existing remittance service providers in this region adopt digital channels to complement their existent services network whilst new entrants. Numerous benefits of using digital channels for sending money such as high speed, availability of digital channels throughout the day, transparency, ease of use, high security, and others, create numerous opportunities for the market
In addition, adoption of digital remittance is projected to reduce the dependency on cash agents in both the sending and receiving countries, who currently contributes to sustaining high transaction fees. This is also a factor to boost digital remittance market. Furthermore, increase in cross-border transactions and move towards cashless, mobile banking, and mobile-based payment solutions dominate payment trends in Asia-Pacific, which drives the growth of the digital remittance market. However, lack of awareness of use of digital technology is expected to hamper the market growth. On the contrary, technological innovations in the digital remittance industry in this region primarily to provide user-friendly apps and smarter ways to connect to domestic payment systems is expected to provide growth opportunities for the market.
The Asia-Pacific digital remittance market is studied on the basis of remittance type, remittance channel, and country. By remittance type, the market is divided intoinward digital remittance, and outward digital remittance. Depending onremittance channel,it is categorized into banks, money transfer operators (MTOs), and others. In-depth analysis of the Asia-Pacific digital remittance market is provided for China, IndiaHong Kong, Japan, Singapore, Indonesia, Taiwan and Rest of Asia-Pacific
 
KEY MARKET BENEFITS FOR STAKEHOLDERS
This report entails a detailed quantitative analysis of the current market trends from 2019 to 2026 to identify the prevailing opportunities.
Market estimations are based on a comprehensive analysis of the key developments in the industry.
In-depth analysis based on region assists to understand the regional market to assist in strategic business planning.
The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
KEY MARKET SEGMENTS
By Remittance Type
Inward Digital Remittance
Outward Digital Remittance
ByRemittance Channel
Banks,
Money Transfer Operators (MTOs)
Others
By Country
China
India
Hong Kong
Japan
Singapore
Indonesia
Taiwan
Rest of Asia-Pacific
KEY PLAYERS PROFILED
InstaReM,
Remitly, Inc.,
Flywire
SingX Pte Ltd.
Azimo Limited
WorldRemit Ltd.
TransferWise Ltd.
Ripple
MoneyGram
TNG Wallet
Other players of digital remittance market (not included in this report) are :
Western Union (WU)
Ria Financial Services
Coins.ph
Toast
OrbitRemit
Avenues India Pvt. Ltd.
FlyRemit
WeChat Payment
READ MORE

Table Of Content

Scope

CHAPTER 1: INTRODUCTION

1.1. Report description

1.2. Key benefits for stakeholders

1.3. Research methodology

1.3.1. Secondary research

1.3.2. Primary research

1.3.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.2.3. Top winning strategies

3.3. Porter's five forces analysis

3.4. Demographic and psychographic analysis of customers

3.5. Key insights on ticket size

3.6. Key player positioning, 2018

3.7. Market dynamics

3.7.1. Drivers

3.7.1.1. Rise in cross-border transactions and mobile-based payment channels

3.7.1.2. Reduced remittance cost & transfer time

3.7.1.3. Growth in adoption of banking & financial services

3.7.1.4. Increase of the remittance industry in Asia-Pacific

3.7.2. Restraint

3.7.2.1. Lack of awareness

3.7.3. Opportunities

3.7.3.1. Technological innovations in the digital remittance industry

3.7.3.2. Rise in internet and mobile penetration

CHAPTER 4: ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY REMITTANCE TYPE

4.1. Overview

4.2. Inward digital remittance

4.2.1. Key market trends

4.2.2. Key growth factors and opportunities

4.2.3. Market size and forecast, by country

4.2.4. Market analysis by country

4.3. Outward digital remittance

4.3.1. Key market trends

4.3.2. Key growth factors and opportunities

4.3.3. Market size and forecast, by country

4.3.4. Market analysis by country

CHAPTER 5: ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL

5.1. Overview

5.2. Banks

5.2.1. Key market trends

5.2.2. Key growth factors and opportunities

5.2.3. Market size and forecast, by country

5.2.4. Market analysis by country

5.3. Money transfer operator

5.3.1. Key market trends

5.3.2. Key growth factors and opportunities

5.3.3. Market size and forecast, by country

5.3.4. Market analysis by country

5.4. Others

5.4.1. Key market trends

5.4.2. Key growth factors and opportunities

5.4.3. Market size and forecast, by country

5.4.4. Market analysis by country

CHAPTER 6: ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY COUNTRY

6.1. Overview

6.2. China

6.2.1. Key growth factors and opportunities

6.2.2. Market size and forecast, by remittance type

6.2.3. Market size and forecast, by remittance channel

6.2.4. China digital remittance Market size by top 10 corridor (Outward, 2017)

6.3. Japan

6.3.1. Key growth factors and opportunities

6.3.2. Market size and forecast, by remittance type

6.3.3. Market size and forecast, by remittance channel

6.3.4. Japan digital remittance market size by top 10 corridor (Outward, 2017)

6.4. India

6.4.1. Key growth factors and opportunities

6.4.2. Market size and forecast, by remittance type

6.4.3. Market size and forecast, by remittance channel

6.4.4. India digital remittance Market size by top 10 corridor (Outward, 2017)

6.5. Hong Kong

6.5.1. Key growth factors and opportunities

6.5.2. Market size and forecast, by remittance type

6.5.3. Market size and forecast, by remittance channel

6.5.4. Hong Kong digital remittance Market size by top 10 corridor (Outward, 2017)

6.6. Singapore

6.6.1. Key growth factors and opportunities

6.6.2. Market size and forecast, by remittance type

6.6.3. Market size and forecast, by remittance channel

6.6.4. Singapore digital remittance Market size by top 10 corridor (Outward, 2017)

6.7. Indonesia

6.7.1. Key growth factors and opportunities

6.7.2. Market size and forecast, by remittance type

6.7.3. Market size and forecast, by remittance channel

6.7.4. Indonesia digital remittance Market size by top 10 corridor (Outward, 2017)

6.8. Taiwan

6.8.1. Key growth factors and opportunities

6.8.2. Market size and forecast, by remittance type

6.8.3. Market size and forecast, by remittance channel

6.9. Rest of Asia-Pacific

6.9.1. Key growth factors and opportunities

6.9.2. Market size and forecast, by remittance type

6.9.3. Market size and forecast, by remittance channel

CHAPTER 7: COMPANY PROFILES

7.1. AZIMO LTD.

7.1.1. Company overview

7.1.2. Company snapshot

7.1.3. Product portfolio

7.1.4. Key strategic moves and developments

7.2. FLYWIRE CORPORATION.

7.2.1. Company overview

7.2.2. Company snapshot

7.2.3. Product portfolio

7.2.4. Key strategic moves and developments

7.3. INSTAREM

7.3.1. Company overview

7.3.2. Company snapshot

7.3.3. Product portfolio

7.3.4. Key strategic moves and developments

7.4. MONEYGRAM INTERNATIONAL, INC.

7.4.1. Company overview

7.4.2. Company snapshot

7.4.3. Operating business segments

7.4.4. Product portfolio

7.4.5. Business performance

7.4.6. Key strategic moves and developments

7.5. REMITLY, INC.

7.5.1. Company overview

7.5.2. Company snapshot

7.5.3. Key strategic moves and developments

7.6. RIPPLE

7.6.1. Company overview

7.6.2. Company snapshot

7.6.3. Product portfolio

7.6.4. Key strategic moves and developments

7.7. SINGX PTE LTD

7.7.1. Company overview

7.7.2. Company snapshot

7.7.3. Product portfolio

7.7.4. Key strategic moves and developments

7.8. TNG FINTECH GROUP INC.

7.8.1. Company overview

7.8.2. Company snapshot

7.8.3. Product portfolio

7.8.4. Key strategic moves and developments

7.9. TRANSFERWISE LTD.

7.9.1. Company overview

7.9.2. Company snapshot

7.9.3. Product portfolio

7.9.4. Business performance

7.9.5. Key strategic moves and developments

7.10. WORLDREMIT LTD

7.10.1. Company overview

7.10.2. Company snapshot

7.10.3. Product portfolio

7.10.4. Key strategic moves and developments

 

 


List Of Figure

LIST OF FIGURES

FIGURE 01. ASIA-PACIFIC DIGITAL REMITTANCE MARKET, 2018-2026

FIGURE 02. ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY COUNTRY, 2018-2026

FIGURE 03. ASIA-PACIFIC DIGITAL REMITTANCE MARKET: KEY PLAYERS

FIGURE 04. ASIA-PACIFIC DIGITAL REMITTANCE MARKET SEGMENTATION

FIGURE 05. ASIA-PACIFIC DIGITAL REMITTANCE MARKET: TOP IMPACTING FACTOR

FIGURE 06. ASIA-PACIFIC DIGITAL REMITTANCE MARKET: TOP INVESTMENT POCKETS

FIGURE 08. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016-2018* (%)

FIGURE 09. TOP WINNING STRATEGIES, BY COMPANY, 2016-2018*

FIGURE 10. MODERATE BARGAINING POWER OF SUPPLIER

FIGURE 11. HIGH BARGAINING POWER OF BUYER

FIGURE 12. HIGH THREAT OF SUBSTITUTES

FIGURE 13. HIGH THREAT OF NEW ENTRANTS

FIGURE 14. MODERATE-TO-HIGH COMPETITIVE RIVALRY

FIGURE 15. ASIA-PACIFIC DIGITAL REMITTANCE MARKET: KEY PLAYER POSITIONING, 2018

FIGURE 16. DRIVERS, RESTRAINTS, AND OPPORTUNITIES

FIGURE 17. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC DIGITAL REMMITANCE MARKET FOR INWARD DIGITAL REMITTANCE, BY COUNTRY, 2018 & 2026(%)

FIGURE 18. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC DIGITAL REMMITANCE MARKET FOR OUTWARD DIGITAL REMITTANCE, BY COUNTRY, 2018 & 2026(%)

FIGURE 19. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC DIGITAL REMMITANCE MARKET FOR BANKS, BY COUNTRY, 2018 & 2026(%)

FIGURE 20. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC DIGITAL REMITTANCE MARKET FOR MONEY TRANSFER OPERATOR, BY COUNTRY, 2018 & 2026(%)

FIGURE 21. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC DIGITAL REMITTANCE MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026(%)

FIGURE 22. CHINA DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 23. JAPAN DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 24. INDIA DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 25. HONG KONG DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 26. SINGAPORE DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 27. INDONESIA DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 28. MONEYGRAM INTERNATIONAL, INC: REVENUE, 2015-2017 (USD MILLION)

FIGURE 29. MONEYGRAM INTERNATIONAL, INC: REVENUE SHARE BY SEGMENT, 2017 (%)

FIGURE 30. MONEYGRAM INTERNATIONAL, INC: REVENUE SHARE BY REGION, 2017 (%)

FIGURE 31. TRANSFERWISE LTD, INC: REVENUE, 2018-2019 (USD MILLION)

 


List Of Table

LIST OF TABLES

TABLE 01. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE, BY REMITTANCE TYPE, 2018-2026 (USD MILLION)

TABLE 02. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR INWARD DIGITAL REMITTANCE, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 03. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR OUTWARD DIGITAL REMITTANCE, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 04. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 05. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR BANKS, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 06. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR MONEY TRANSFER OPERATOR, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 07. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR OTHERS, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 08. ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 09. CHINA DIGITAL REMITTANCE MARKET SIZE

TABLE 10. CHINA DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 11. JAPAN DIGITAL REMITTANCE MARKET SIZE

TABLE 12. JAPAN DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 13. INDIA DIGITAL REMITTANCE MARKET SIZE

TABLE 14. INDIA DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 15. HONG KONG OUTWARD DIGITAL REMITTANCE MARKET SIZE

TABLE 16. HONG KONG DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 17. SINGAPORE OUTWARD DIGITAL REMITTANCE MARKET SIZE

TABLE 18. SINGAPORE DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 19. INDONESIA DIGITAL REMITTANCE MARKET SIZE

TABLE 20. INDONESIA DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 21. TAIWAN DIGITAL REMITTANCE MARKET SIZE

TABLE 22. TAIWAN DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 23. ASIA-PACIFIC DIGITAL REMITTANCE MARKET SIZE

TABLE 24. REST OF ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 25. AZIMO LTD.: COMPANY SNAPSHOT

TABLE 26. AZIMO LTD.: PRODUCT PORTFOLIO

TABLE 27. FLYWIRE CORPORATION: COMPANY SNAPSHOT

TABLE 28. FLYWIRE CORPORATION: PRODUCT PORTFOLIO

TABLE 29. INSTAREM: COMPANY SNAPSHOT

TABLE 30. INSTAREM: PRODUCT PORTFOLIO

TABLE 31. MONEYGRAM INTERNATIONAL, INC: COMPANY SNAPSHOT

TABLE 32. MONEYGRAM INTERNATIONAL, INC: OPERATING SEGMENTS

TABLE 33. MONEYGRAM INTERNATIONAL, INC: PRODUCT PORTFOLIO

TABLE 34. REMITLY, INC: COMPANY SNAPSHOT

TABLE 35. RIPPLE: COMPANY SNAPSHOT

TABLE 36. RIPPLE: PRODUCT PORTFOLIO

TABLE 37. SINGX PTE LTD: COMPANY SNAPSHOT

TABLE 38. SINGX PTE LTD: PRODUCT PORTFOLIO

TABLE 39. TNG FINTECH GROUP INC: COMPANY SNAPSHOT

TABLE 40. TNG FINTECH GROUP INC: PRODUCT PORTFOLIO

TABLE 41. TRANSFERWISE LTD.: COMPANY SNAPSHOT

TABLE 42. TRANSFERWISE LTD: PRODUCT PORTFOLIO

TABLE 43. WORLDREMIT LTD: COMPANY SNAPSHOT

TABLE 44. WORLDREMIT LTD: PRODUCT PORTFOLIO

 

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Products and Companies


Companies

InstaReM, Remitly, Inc., Flywire, SingX Pte Ltd., Azimo Limited, WorldRemit Ltd, TransferWise Ltd, Ripple, MoneyGram, and TNG Wallet.The other players of the digital remittance market (not included in this report) are Western Union (WU), Ria Financial Services, Coins.ph, Toast, OrbitRemit, Avenues India Pvt Ltd, FlyRemit, and WeChat Payment.

Company Profile

Company Profile Title

The Asia-Pacific digital remittance market was valued at USD 49,851.9 million in 2018, and is estimated to reach USD 269,784.7 million by 2026, registering a CAGR of 23.4% from 2019 to 2026.
Digital remittance is referred as the transfer of money by foreign migrants to their native countries by using digital transfer network such as easy-to-use mobile application, digital wallets, and others.The remittance industry is shifting itsfocus on being digitally remastered. Factors such as growth in base of customers comfortable with using mobile devices in Asia-Pacific, rise in competition from new entrants, and margin pressures due to a growing consensus on lowering remittance transaction fees drives the penetration of digital channels. Existing remittance service providers in this region adopt digital channels to complement their existent services network whilst new entrants. Numerous benefits of using digital channels for sending money such as high speed, availability of digital channels throughout the day, transparency, ease of use, high security, and others, create numerous opportunities for the market
In addition, adoption of digital remittance is projected to reduce the dependency on cash agents in both the sending and receiving countries, who currently contributes to sustaining high transaction fees. This is also a factor to boost digital remittance market. Furthermore, increase in cross-border transactions and move towards cashless, mobile banking, and mobile-based payment solutions dominate payment trends in Asia-Pacific, which drives the growth of the digital remittance market. However, lack of awareness of use of digital technology is expected to hamper the market growth. On the contrary, technological innovations in the digital remittance industry in this region primarily to provide user-friendly apps and smarter ways to connect to domestic payment systems is expected to provide growth opportunities for the market.
The Asia-Pacific digital remittance market is studied on the basis of remittance type, remittance channel, and country. By remittance type, the market is divided intoinward digital remittance, and outward digital remittance. Depending onremittance channel,it is categorized into banks, money transfer operators (MTOs), and others. In-depth analysis of the Asia-Pacific digital remittance market is provided for China, IndiaHong Kong, Japan, Singapore, Indonesia, Taiwan and Rest of Asia-Pacific
 
KEY MARKET BENEFITS FOR STAKEHOLDERS
This report entails a detailed quantitative analysis of the current market trends from 2019 to 2026 to identify the prevailing opportunities.
Market estimations are based on a comprehensive analysis of the key developments in the industry.
In-depth analysis based on region assists to understand the regional market to assist in strategic business planning.
The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
KEY MARKET SEGMENTS
By Remittance Type
Inward Digital Remittance
Outward Digital Remittance
ByRemittance Channel
Banks,
Money Transfer Operators (MTOs)
Others
By Country
China
India
Hong Kong
Japan
Singapore
Indonesia
Taiwan
Rest of Asia-Pacific
KEY PLAYERS PROFILED
InstaReM,
Remitly, Inc.,
Flywire
SingX Pte Ltd.
Azimo Limited
WorldRemit Ltd.
TransferWise Ltd.
Ripple
MoneyGram
TNG Wallet
Other players of digital remittance market (not included in this report) are :
Western Union (WU)
Ria Financial Services
Coins.ph
Toast
OrbitRemit
Avenues India Pvt. Ltd.
FlyRemit
WeChat Payment
READ MORE

Scope

CHAPTER 1: INTRODUCTION

1.1. Report description

1.2. Key benefits for stakeholders

1.3. Research methodology

1.3.1. Secondary research

1.3.2. Primary research

1.3.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.2.3. Top winning strategies

3.3. Porter's five forces analysis

3.4. Demographic and psychographic analysis of customers

3.5. Key insights on ticket size

3.6. Key player positioning, 2018

3.7. Market dynamics

3.7.1. Drivers

3.7.1.1. Rise in cross-border transactions and mobile-based payment channels

3.7.1.2. Reduced remittance cost & transfer time

3.7.1.3. Growth in adoption of banking & financial services

3.7.1.4. Increase of the remittance industry in Asia-Pacific

3.7.2. Restraint

3.7.2.1. Lack of awareness

3.7.3. Opportunities

3.7.3.1. Technological innovations in the digital remittance industry

3.7.3.2. Rise in internet and mobile penetration

CHAPTER 4: ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY REMITTANCE TYPE

4.1. Overview

4.2. Inward digital remittance

4.2.1. Key market trends

4.2.2. Key growth factors and opportunities

4.2.3. Market size and forecast, by country

4.2.4. Market analysis by country

4.3. Outward digital remittance

4.3.1. Key market trends

4.3.2. Key growth factors and opportunities

4.3.3. Market size and forecast, by country

4.3.4. Market analysis by country

CHAPTER 5: ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL

5.1. Overview

5.2. Banks

5.2.1. Key market trends

5.2.2. Key growth factors and opportunities

5.2.3. Market size and forecast, by country

5.2.4. Market analysis by country

5.3. Money transfer operator

5.3.1. Key market trends

5.3.2. Key growth factors and opportunities

5.3.3. Market size and forecast, by country

5.3.4. Market analysis by country

5.4. Others

5.4.1. Key market trends

5.4.2. Key growth factors and opportunities

5.4.3. Market size and forecast, by country

5.4.4. Market analysis by country

CHAPTER 6: ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY COUNTRY

6.1. Overview

6.2. China

6.2.1. Key growth factors and opportunities

6.2.2. Market size and forecast, by remittance type

6.2.3. Market size and forecast, by remittance channel

6.2.4. China digital remittance Market size by top 10 corridor (Outward, 2017)

6.3. Japan

6.3.1. Key growth factors and opportunities

6.3.2. Market size and forecast, by remittance type

6.3.3. Market size and forecast, by remittance channel

6.3.4. Japan digital remittance market size by top 10 corridor (Outward, 2017)

6.4. India

6.4.1. Key growth factors and opportunities

6.4.2. Market size and forecast, by remittance type

6.4.3. Market size and forecast, by remittance channel

6.4.4. India digital remittance Market size by top 10 corridor (Outward, 2017)

6.5. Hong Kong

6.5.1. Key growth factors and opportunities

6.5.2. Market size and forecast, by remittance type

6.5.3. Market size and forecast, by remittance channel

6.5.4. Hong Kong digital remittance Market size by top 10 corridor (Outward, 2017)

6.6. Singapore

6.6.1. Key growth factors and opportunities

6.6.2. Market size and forecast, by remittance type

6.6.3. Market size and forecast, by remittance channel

6.6.4. Singapore digital remittance Market size by top 10 corridor (Outward, 2017)

6.7. Indonesia

6.7.1. Key growth factors and opportunities

6.7.2. Market size and forecast, by remittance type

6.7.3. Market size and forecast, by remittance channel

6.7.4. Indonesia digital remittance Market size by top 10 corridor (Outward, 2017)

6.8. Taiwan

6.8.1. Key growth factors and opportunities

6.8.2. Market size and forecast, by remittance type

6.8.3. Market size and forecast, by remittance channel

6.9. Rest of Asia-Pacific

6.9.1. Key growth factors and opportunities

6.9.2. Market size and forecast, by remittance type

6.9.3. Market size and forecast, by remittance channel

CHAPTER 7: COMPANY PROFILES

7.1. AZIMO LTD.

7.1.1. Company overview

7.1.2. Company snapshot

7.1.3. Product portfolio

7.1.4. Key strategic moves and developments

7.2. FLYWIRE CORPORATION.

7.2.1. Company overview

7.2.2. Company snapshot

7.2.3. Product portfolio

7.2.4. Key strategic moves and developments

7.3. INSTAREM

7.3.1. Company overview

7.3.2. Company snapshot

7.3.3. Product portfolio

7.3.4. Key strategic moves and developments

7.4. MONEYGRAM INTERNATIONAL, INC.

7.4.1. Company overview

7.4.2. Company snapshot

7.4.3. Operating business segments

7.4.4. Product portfolio

7.4.5. Business performance

7.4.6. Key strategic moves and developments

7.5. REMITLY, INC.

7.5.1. Company overview

7.5.2. Company snapshot

7.5.3. Key strategic moves and developments

7.6. RIPPLE

7.6.1. Company overview

7.6.2. Company snapshot

7.6.3. Product portfolio

7.6.4. Key strategic moves and developments

7.7. SINGX PTE LTD

7.7.1. Company overview

7.7.2. Company snapshot

7.7.3. Product portfolio

7.7.4. Key strategic moves and developments

7.8. TNG FINTECH GROUP INC.

7.8.1. Company overview

7.8.2. Company snapshot

7.8.3. Product portfolio

7.8.4. Key strategic moves and developments

7.9. TRANSFERWISE LTD.

7.9.1. Company overview

7.9.2. Company snapshot

7.9.3. Product portfolio

7.9.4. Business performance

7.9.5. Key strategic moves and developments

7.10. WORLDREMIT LTD

7.10.1. Company overview

7.10.2. Company snapshot

7.10.3. Product portfolio

7.10.4. Key strategic moves and developments

 

 


List Of Figure

LIST OF FIGURES

FIGURE 01. ASIA-PACIFIC DIGITAL REMITTANCE MARKET, 2018-2026

FIGURE 02. ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY COUNTRY, 2018-2026

FIGURE 03. ASIA-PACIFIC DIGITAL REMITTANCE MARKET: KEY PLAYERS

FIGURE 04. ASIA-PACIFIC DIGITAL REMITTANCE MARKET SEGMENTATION

FIGURE 05. ASIA-PACIFIC DIGITAL REMITTANCE MARKET: TOP IMPACTING FACTOR

FIGURE 06. ASIA-PACIFIC DIGITAL REMITTANCE MARKET: TOP INVESTMENT POCKETS

FIGURE 08. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016-2018* (%)

FIGURE 09. TOP WINNING STRATEGIES, BY COMPANY, 2016-2018*

FIGURE 10. MODERATE BARGAINING POWER OF SUPPLIER

FIGURE 11. HIGH BARGAINING POWER OF BUYER

FIGURE 12. HIGH THREAT OF SUBSTITUTES

FIGURE 13. HIGH THREAT OF NEW ENTRANTS

FIGURE 14. MODERATE-TO-HIGH COMPETITIVE RIVALRY

FIGURE 15. ASIA-PACIFIC DIGITAL REMITTANCE MARKET: KEY PLAYER POSITIONING, 2018

FIGURE 16. DRIVERS, RESTRAINTS, AND OPPORTUNITIES

FIGURE 17. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC DIGITAL REMMITANCE MARKET FOR INWARD DIGITAL REMITTANCE, BY COUNTRY, 2018 & 2026(%)

FIGURE 18. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC DIGITAL REMMITANCE MARKET FOR OUTWARD DIGITAL REMITTANCE, BY COUNTRY, 2018 & 2026(%)

FIGURE 19. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC DIGITAL REMMITANCE MARKET FOR BANKS, BY COUNTRY, 2018 & 2026(%)

FIGURE 20. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC DIGITAL REMITTANCE MARKET FOR MONEY TRANSFER OPERATOR, BY COUNTRY, 2018 & 2026(%)

FIGURE 21. COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC DIGITAL REMITTANCE MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026(%)

FIGURE 22. CHINA DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 23. JAPAN DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 24. INDIA DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 25. HONG KONG DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 26. SINGAPORE DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 27. INDONESIA DIGITAL REMITTANCE MARKET SIZE BY TOP 10 CORRIDOR

FIGURE 28. MONEYGRAM INTERNATIONAL, INC: REVENUE, 2015-2017 (USD MILLION)

FIGURE 29. MONEYGRAM INTERNATIONAL, INC: REVENUE SHARE BY SEGMENT, 2017 (%)

FIGURE 30. MONEYGRAM INTERNATIONAL, INC: REVENUE SHARE BY REGION, 2017 (%)

FIGURE 31. TRANSFERWISE LTD, INC: REVENUE, 2018-2019 (USD MILLION)

 


List Of Table

LIST OF TABLES

TABLE 01. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE, BY REMITTANCE TYPE, 2018-2026 (USD MILLION)

TABLE 02. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR INWARD DIGITAL REMITTANCE, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 03. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR OUTWARD DIGITAL REMITTANCE, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 04. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 05. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR BANKS, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 06. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR MONEY TRANSFER OPERATOR, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 07. ASIA-PACIFIC DIGITAL REMITTANCE MARKET REVENUE FOR OTHERS, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 08. ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY COUNTRY, 2018-2026 (USD MILLION)

TABLE 09. CHINA DIGITAL REMITTANCE MARKET SIZE

TABLE 10. CHINA DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 11. JAPAN DIGITAL REMITTANCE MARKET SIZE

TABLE 12. JAPAN DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 13. INDIA DIGITAL REMITTANCE MARKET SIZE

TABLE 14. INDIA DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 15. HONG KONG OUTWARD DIGITAL REMITTANCE MARKET SIZE

TABLE 16. HONG KONG DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 17. SINGAPORE OUTWARD DIGITAL REMITTANCE MARKET SIZE

TABLE 18. SINGAPORE DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 19. INDONESIA DIGITAL REMITTANCE MARKET SIZE

TABLE 20. INDONESIA DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 21. TAIWAN DIGITAL REMITTANCE MARKET SIZE

TABLE 22. TAIWAN DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 23. ASIA-PACIFIC DIGITAL REMITTANCE MARKET SIZE

TABLE 24. REST OF ASIA-PACIFIC DIGITAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2018-2026 (USD MILLION)

TABLE 25. AZIMO LTD.: COMPANY SNAPSHOT

TABLE 26. AZIMO LTD.: PRODUCT PORTFOLIO

TABLE 27. FLYWIRE CORPORATION: COMPANY SNAPSHOT

TABLE 28. FLYWIRE CORPORATION: PRODUCT PORTFOLIO

TABLE 29. INSTAREM: COMPANY SNAPSHOT

TABLE 30. INSTAREM: PRODUCT PORTFOLIO

TABLE 31. MONEYGRAM INTERNATIONAL, INC: COMPANY SNAPSHOT

TABLE 32. MONEYGRAM INTERNATIONAL, INC: OPERATING SEGMENTS

TABLE 33. MONEYGRAM INTERNATIONAL, INC: PRODUCT PORTFOLIO

TABLE 34. REMITLY, INC: COMPANY SNAPSHOT

TABLE 35. RIPPLE: COMPANY SNAPSHOT

TABLE 36. RIPPLE: PRODUCT PORTFOLIO

TABLE 37. SINGX PTE LTD: COMPANY SNAPSHOT

TABLE 38. SINGX PTE LTD: PRODUCT PORTFOLIO

TABLE 39. TNG FINTECH GROUP INC: COMPANY SNAPSHOT

TABLE 40. TNG FINTECH GROUP INC: PRODUCT PORTFOLIO

TABLE 41. TRANSFERWISE LTD.: COMPANY SNAPSHOT

TABLE 42. TRANSFERWISE LTD: PRODUCT PORTFOLIO

TABLE 43. WORLDREMIT LTD: COMPANY SNAPSHOT

TABLE 44. WORLDREMIT LTD: PRODUCT PORTFOLIO

 

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Companies

InstaReM, Remitly, Inc., Flywire, SingX Pte Ltd., Azimo Limited, WorldRemit Ltd, TransferWise Ltd, Ripple, MoneyGram, and TNG Wallet.The other players of the digital remittance market (not included in this report) are Western Union (WU), Ria Financial Services, Coins.ph, Toast, OrbitRemit, Avenues India Pvt Ltd, FlyRemit, and WeChat Payment.