Europe International Remittance Market is Expected to be Driven by Rising Migration from Asian and African Countries, Increased Offerings and Broadened Network of RSPs: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Rising financial inclusion rates and increasing employment opportunities across the EU-28 countries are further augmenting the growth of Remittance Market in Europe. The report titled “Europe International Remittance Market Outlook to 2023 – By Inbound & Outbound Remittance, By Channels (Banks, MTOs, M-wallets and Others), By Inflow & Outflow Remittance Corridors, By Point of Contact (Branch Pick-up, Mobile Payment & Online Transactions, Prepaid Cards)” by Ken Research believe Europe remittance market has been growing at a swift rate due to rising migration rate, plethora of services offered by the remittance service providers, digitalization of channels, switching to formal channels from informal channels and increased tie-ups between remittance service providers in the region. The inbound remittance transaction value is expected to register a positive CAGR of close to 4% and close to 7% for the outbound remittance during the forecast period 2018-2023. The market is further expected to be driven by new remittance service providers such as World Remit, Remitly, Revoult and others that are now entering the market. Rising Financial Inclusion Rates in the Region: The region has been witnessing an increased rate of financial inclusion over the past few years. Digital government payments of wages, pensions, and social benefits helped to drive the increase. Among those with an account, 17% opened their first one to receive government payments. The share of adults making or receiving digital payments rose from 46% in 2014 to 60% in 2018. This has influenced the remittance market of the region positively as it reduced the transfer of money through informal channels, that leaves the transaction unaccounted. Interested to Know More about this Report- Request for a sample report Booming employment prospects: European Union faced a decline in the employment generation in the initial years after the global financial crisis. However, later on the region started recovering after 2013, when the euro crisis was finally contained. On an average, the rate of job growth is the same in the EU and the US, 2.7% in total in the years 2016 and 2017. Even Greece, a hard-hit euro-area country, is seeing a broad-based labor market recovery. In addition, Europe’s Innovation-Union initiative has been working on creation of jobs from the past few years. It strives for a 50% increase in R&D investments by 2020 claiming this could increase employment by 1.7% (or by 3.7 million jobs) by 2025. Shift from remittances through informal to formal channels: The lack of security posed in the use of informal channels and its high sensitivity to misuse for illegal purposes and low benefit offering to the economic development of the recipient country, has urged central banks and other authorities to encourage the use of formal remittance channels that are monitored under compliance. Additionally, such an initiative in the market has proved to be positive and has been compelling the users of informal channels to switch to formal remittance service providers in the region. In the recent years, the formal financial intermediaries, such as banks and MTOs, broadened their geographical presence in the region in both home and host country. Key Segments Covered in Europe International Remittance Market:- By Inbound Remittance Flow Corridor On the Basis of Channels (Volume of Transactions) Banking channels MTOs M-Wallets Others On the Basis of Inflow Countries (By Value of Transactions) Italy Poland Portugal Romania United Kingdom Other EU-28 Countries By Outbound Remittance Flow Corridor:- On the Basis of Channels (Volume of Transactions) Banking channels MTOs M-Wallets Others On the Basis of Outflow Countries (By Value of Transactions) Germany Spain France Italy United Kingdom Other EU-28 Countries By Point of Contact (By Volume):- Branch Pick-up Mobile Payment & Online Transactions Prepaid Cards By Flow Corridors (By Volume):- Asia North Africa South America Central & South Africa Non-EU Countries North America Central America Near & Middle East Oceania Key Target Audience:- Banks Money Transfer Operators M-Wallet Companies Hawalas Convenience and Retail Stores Supermarket Chains Bills and Payments Companies Investors & Venture Capital Firms Government Bodies Visit this Link :- Request for custom report Time Period Captured in the Report:- 2013-2018 – Historical Period 2019-2023 – Future Forecast Companies Covered: HSBC Bank, Lloyds Bank, BNP Paribas, Barclays Plc, Deutsche Bank, Bank of China, Credit Agricole, BBVA Dinero Express, Unicredit Banca, Western Union, Money Gram, Ria Money Transfer, Transferwise, UAE Exchange, World Remit, Metro Remittance, Azimo, RemitGuru, Xoom by Paypal, Skrill, Neteller, Postbank, La Poste and PosteItaliane To know more, click on the link below:- Europe International Remittance Market Related Reports:- Egypt Remittance Market Outlook to 2023 – By Inbound and Outbound Remittance, By Transfer Mode (Bank Transfer, Through Friends or Relatives, Through Agent or Courier, Carried Money on Their Visits, and Others), By Banking and Non-Banking Transfer, By Bill Payment Type (Mobile Services, Internet Services, Utilities, and Others), By Bill Payment Mode (Cash Payments, Card Payments, and Fund Transfers) Kuwait Remittance Market By Inbound and Outbound International Remittance, By Mode Of Transfer (Electronic And Cash), By Channel (Bank And Non-Bank), By Bill Payment Methods (Cash, Credit/Debit Card/E-Wallet And Electronic Transfers), By Types Of Payment (Grocery Bills, Utility Bills, Fuel Bills, DTH And Broadband Bills And Mobile Recharge Bills) And By Regions – Outlook To 2022 Philippines Money Transfer And Bill Payments Market Outlook To 2023 – By Domestic Remittance Banking And Non Banking (Pawnshops, MTO) Channels, International Remittance Flow Corridors And Channel; Bill Payment Segment Nigeria Remittance and Bill Payments Market Outlook By Inbound And Outbound International Remittance, By Mode Of Transfer (Cash Or Electronic Transfers), By Channel (Bank And Non-Bank) – Outlook To 2022 Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Sales@kenresearch.com +91-9015378249 Tags: Barclays Bank Remittance Europe, BNP Paribas Bank Remittance Europe, Branch Pick-up Europe Remittance, Competition Scenario in Europe Remittance Market, Customer Pain Points Remittance Market, Decision Making Process Europe Remittance, Europa Internationaler Überweisungsmarkt, Európa nemzetközi átutalási piaca, Europe Inbound Remittance Market, Europe International Remittance Industry, Europe International Remittance Industry Research Report, Europe International Remittance Market, Europe International Remittance Market Analysis, Europe International Remittance Market Application, Europe International Remittance Market Competition, Europe International Remittance Market Forecast, Europe International Remittance Market Future Outlook, Europe International Remittance Market Growth, Europe International Remittance Market Opportunities, Europe International Remittance Market Overview, Europe International Remittance Market Research Report, Europe International Remittance Market Revenue, Europe International Remittance Market Scope, Europe International Remittance Market Segmentation, Europe International Remittance Market Shares, Europe International Remittance Market Size, Europe International Remittance Market Trends, Europe Money Transfer Market, Europe Outbound Remittance Market, Europe Prepaid Cards Market, Europe Remittance Average Transaction Size, Europe Remittance Future Analysis, Europe Remittance Industry, Europe Remittance Market, Europe Remittance Services Competition, Europe Remittance Transaction Value, Europe Remittance Transaction Volume, European Remittance Industry, Evropský trh remitencí, Flow Corridors Remittance Europe, France Remittance Market, Germany Remittance Market, Government Licenses for MTOs Europe, Government Licenses for Remittance Services Providers Europe, Government Licenses for Retailers Europe, Government Remittance Licenses for Banks Europe, Hawalas Europe Remittance, HSBC Bank Remittance Europe, Industry Research Report Of Europe International Remittance, International Remittance Industry In Europe, International Remittance Market In Europe, Italy Remittance Market, Key Remittance Operators Europe Remittance Market, Lloyds Bank Remittance Europe, Major Challenges Europe Remittance Market, Major Players Europe International Remittance Market, Marché international des envois de fonds en Europe, Margadh Seoltáin Idirnáisiúnta na hEorpa, Market Research Report Of Europe International Remittance, Mercado Internacional de Remessas da Europa, Mercato internazionale delle rimesse in Europa, Mobile Payment Europe Remittance Market, Money Transfer Operations Europe, Money Transfer Operators in Europe, MoneyGram Remittance Market Share Europe, Online Transactions Europe Remittance Market, Operating Regulations Remittance Market Europe, Piața internațională de remitențe din Europa, Regulations Europe Remittance Market, Remittance Commission Income Europe, Remittance Income Europe, Remittance Service Providers in Europe, Ria Money Transfer Remittance Europe, Spain Remittance Market, SWOT Analysis Europe Remittance Market, Transferwise Remittance Europe, UAE Exchange Remittance Europe, UK Remittance Market, Western Union Remittance Europe, Διεθνής αγορά εμβασμάτων στην Ευρώπη