International Remittance Industry in Qatar: Outlook to 2025 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 The publication titled ‘International Remittance Industry in Qatar’ covers the overview of industry by analyzing historical remittance statistics and corresponding change in social-demographic indicators in Qatar. With ~88% of expat population, the value of outbound remittance transactions were recorded at QAR XX Bn in 2020, down from QAR XX Bn in 2019 due to COVID-19 restrictions and return of expat population to home countries. Given the dominance of local exchange houses, analysts have elaborated on competitive landscape of major exchange houses on the basis of operational and financial parameters, highlighted growth drivers and risk factors governing the future outlook of industry. Overview of Industry: The growth in expat population from XX Mn in 2010 to XX Mn in 2019 and increased share of remitted money as a proportion of salary have contributed to the increased value of remittance transactions in Qatar from QAR XX Bn in 2016 to QAR XX Bn in 2019. While, India remains the largest outbound remittance corridor, there has been tremendous growth in outbound remittance to Bangladesh with its contribution surging from XX% in 2016 to XX% in 2020. As at June 2021, there were XX local exchange houses operating via XX branches across Qatar. Al Dar for exchange works operated the highest number of XX branches in Doha, Ar Rayyan, Al Khor etc. Drivers and Impediments to growth: In line with the National Vision 2030 and upcoming FIFA World Cup event in 2022, remittance industry in Qatar has been witnessing introduction and adoption of digital solutions (Web and mobile application) by migrant population. The pandemic of COVID-19 compelled workers to return to their home countries while lockdown on exchange houses forced users to switch to online mediums for transactions. Further, the restrictions on daily transfer limit and corresponding daily funding issues in certain small exchange houses had led to shift of high value customers to leading players. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDg0NzMy A push by Qatari Government to promote Fintech Qatar Central Bank (QCB) has played a crucial role in promoting and regulating the industry with vigilance on compliance with Anti-Money Laundering and Combating Financing of Terrorism. Further, partnership of QCB with Qatar Development Bank and Qatar Financial Center to launch Qatar Fintech Hub has provided for incentives (waiver of application fees and first year registration fees, rent free workspaces, 100% foreign ownership and repatriation of profits etc.) aim to encourage investments in startups in Qatar. In a whitepaper released in October 2021, the stakeholders have highlighted the role of technology and its surging adoption which could pave way for Qatar as a regional hub for Fintech. A Vibrant Future Outlook: Given the backdrop of decrease in volume and value of outbound international remittance transactions, analysts at Ken Research expect a growth of XX% during 2020-21 and CAGR of XX% during 2020-25F. During this period, value of transactions is expected to peak in 2022 owing to arrival of more than XX Million foreign travelers for FIFA World Cup 2022 event. It is also expected that industry would witness increased level of partnerships among banks, exchange houses and financial services entities aiming to gaining ownership in value chain. While, digitalization of services coupled with wafer-thin operating margins are here to stay for tomorrow, it is pertinent for incumbents to re-assess their business strategy and focus on creating value for customers of tomorrow. Key Topics Covered in the Report Overview of International Remittance Industry in Qatar (Statistics on Corridor wise Transaction volume and value) Industry segmentation (By Type of Transfers, Type of Intermediary Operators, Corridor wise, Type of Source Entities) Cross Comparison of Major Exchange houses on Operational and Financial Parameters (December 2020, June 2021) Company Profile of Major Exchange Houses (Overview, Products and Services, USP, Business Strategies, Branch wise Operational Performance, Cumulative Financial Performance, Recent Developments) Growth Drivers and Challenges to Qatar International Remittance Industry Industry trends and developments Rules and Regulations by Government Bodies Impact of COVID-19 and Future Outlook of Industry For More Information, refer to below link:- International Remittance Market Growth in Qatar Related Reports Qatar Auto Finance Market Outlook to 2023 –By Banks, Non Banking Financial Companies and Captives, By New and Used Vehicles Financed, By Type of Vehicle Financed (Motor Bikes, Cars and Light Commercial Vehicles) and By Loan Time Period UAE ATM Managed Services Market Outlook to 2024 – By Off-Site and On-Site ATMs and By Type of Service (Cash Management Services, ATM Maintenance Services and ATM Supply) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 6 Tags: Average remittance Transaction Size in Qatar, Best Exchange Rates for Transfer in Qatar, Cash Pickup Remittance Qatar, Challenges in Remittance Industry in Qatar, Commission rate Banking Partners Qatar, COVID Impact on Remittance Industry Qatar, Covid-19 Impact on International Remittance Market Qatar, Direct Account Transfer Remittance Qatar, Future of Money Transfer in Qatar, Inbound Remittance Industry in Qatar, International Remittance Industry in Qatar, International Remittance Market in Qatar, International Remittance Market Size in Qatar, Market share of Banks in Remittance Qatar, Market share of Exchange Houses Qatar, Middle East Remittance Market, Migrant Population in Qatar, Outbound Remittance Industry in Qatar, Qatar Enjaz International Transfer fees, Qatar Ersal Money Transfer Rate, Qatar EZ Transfer Remittance Fees, Qatar Fawri Money Remittance Fees, Qatar International Remittance Industry, Qatar International Remittance Industry Research Report, Qatar International Remittance Market, Qatar International Remittance Market Growth Rate, Qatar International Remittance Market Research Report, Qatar International Remittance Market Revenue, Qatar International Remittance Market Share, Qatar International Remittance Market Size, Qatar Margins in Remittance Industry, Qatar Remittance Digital Solutions Providers, Qatar Remittance Industry, Qatar Remittance Market, Quick Pay Remittance Fees in Qatar, Remittance Industry in Qatar, Remittance Licensing Fees in Qatar, Research Report Of International Remittance, Statistics of Remittance in Qatar, Tahweel Al Rajhi Remittance Fees Qatar, Telemoney Remittance Fees in Qatar, Weekly Funding Limit Remittance Industry in Qatar, world bank International Remittance report on Qatar, إيرادات سوق قطر للتحويلات الدولية, الحصة السوقية لقطر للتحويلات الدولية, تقرير أبحاث صناعة الحوالات الدولية في قطر, حجم سوق التحويلات المالية الدولية في قطر, سوق التحويلات الدولية في قطر, سوق التحويلات في قطر, سوق قطر للتحويلات الدولية