International Remittance Industry in Saudi Arabia: 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 Saudi Arabia’ covers the overview of industry by analyzing historical remittance statistics and corresponding change in social-demographic indicators in Qatar. With ~37% of expat population, the value of outbound remittance transactions were recorded at SAR xx Mn in 2020, up from SAR xx Mn in 2019. Overview of Industry: Saudi Arabia is one of the most economically prosperous country in Asia and hence is a prominent emigration destination to a many South Asian countries. Of the current population of 33 Million, more than 37% of population comprises of expats with India, Pakistan, Nepal, Philippines, Bangladesh, Sri Lanka and Egypt being key source countries. During 2016-19, the international remittance industry in KSA declined from SAR xx Mn to SAR xx Mn, at a CAGR of xx%. However, during 2019-20, industry size increased by xx%. India remains the largest outbound remittance corridor, accounting to xx% of the total outbound remittance. There has been growth in outbound remittance to other South Asian countries as well, like Pakistan and Bangladesh along with Egypt, Philippines etc Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDg0NzMz Drivers and Impediments to growth: In line with the G20 National Remittance Plan 2019 of Saudi Arabia highlight the importance of opening the market to allow foreign MTO to set up business in KSA. This will encourage new players in the current market which is oligopoly in nature and dominated by XX players contributing to XX% market share. The Saudi remittance market is undergoing digital transformation due to emergence of digital payment players and fintech start-ups. One of the fastest growing remittance player, STC Pay and few other firms gained the digital banking license which happened first time in the country. The decline in the remittance value of remittance over the past 5 years in Saudi Arabia is a major risk for a new entrants. Due to the employment of only Saudi Nationals at higher level posts, more and more people are looking to move from Saudi Arabia, which poses a deterrent to growth. A Vibrant Future Outlook: Given the backdrop of increase 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 2025 which will be driven by the opening of the market for foreign MTOs and growing adoption of digital solutions. Analysts at Ken Research further expect that digitalization of services and corresponding marketing campaigns are expected to drive the revenue of remittance industry at a CAGR of XX% during 2020-25F Key Topics Covered in the Report Overview of International Remittance Industry in Saudi Arabia (Statistics on Corridor wise Transaction volume and value) Industry segmentation (By Type of Transfers, Corridor wise) Cross Comparison of Major players on Operational and Financial Parameters (December 2020) Company Profile of Major Players (Overview, Products and Services, USP, Business Strategies, Branch wise Operational Performance, Cumulative Financial Performance, Recent Developments) Growth Drivers and Challenges to Saudi Arabia International Remittance Industry Industry trends and developments Risk factors in the industry 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 Size in Saudi Arabia Related Reports International Remittance Industry in Qatar: Outlook to 2025 Russia Remittance and Bill Payments Market Outlook to 2023 (Second Edition)- By Domestic Remittance Banking & Non-Banking Channels; International Remittance Flow Corridors and Channel; and Bill Payment Segment Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 4 Tags: Average remittance Transaction Size in Saudi Arabia, Best Exchange Rates for Transfer in KSA, Cash Pickup Remittance Saudi Arabia, Challenges in Remittance Industry in Saudi Arabia, Commission rate Banking Partners Saudi Arabia, COVID Impact on Remittance Industry Saudi Arabia, Covid-19 Impact on International Remittance Market KSA, Direct Account Transfer Remittance Saudi Arabia in KSA, Future of Money Tranfer in KSA, Inbound Remittance Industry in Saudi Arabia, International Remittance Industry in Saudi Arabia, International Remittance Market in Saudi Arabia, International Remittance Market Size in Saudi Arabia, KSA Enjaz International Transfer fees, KSA Ersal Money Transfer Rate in KSA, KSA EZ Transfer Remittance Fees, KSA Fawri Money Remittance Fees, Market share of Banks in Remittance KSA, Market share of Exchange Houses KSA, Middle East Remittance Market, Migrant Population in Saudi Arabia, Outbound Remittance Industry in Saudi Arabia, Quick Pay Remittance Fees in Saudi Arabia, Remittance Industry in Saudi Arabia, Remittance Licensing Fees in KSA, Research Report Of International Remittance, Saudi Arabia International Remittance Industry, Saudi Arabia International Remittance Industry Research Report, Saudi Arabia International Remittance Market, Saudi Arabia International Remittance Market Growth Rate, Saudi Arabia International Remittance Market Research Report, Saudi Arabia International Remittance Market Revenue, Saudi Arabia International Remittance Market Share, Saudi Arabia International Remittance Market Size, Saudi Arabia Margins in Remittance Industry, Saudi Arabia Remittance Digital Solutions Providers, Saudi Arabia Remittance Industry, Saudi Arabia Remittance Market, Statistics of Remittance in Saudi Arabia, Tahweel Al Rajhi Remittance Fees KSA, Telemoney Remittance Fees in Saudi Arabia, Weekly Funding Limit Remittance Industry in Saudi Arabia, world bank International Remittance report on KSA, إيرادات سوق التحويلات المالية الدولية في المملكة العربية السعودية, الحصة السوقية للتحويلات الدولية في المملكة العربية السعودية, تقرير أبحاث سوق التحويلات المالية الدولية في المملكة العربية السعودية, حجم سوق التحويلات الدولية في المملكة العربية السعودية, حجم سوق التحويلات المالية الدولية في المملكة العربية السعودية, سوق الحوالات المالية الدولية في المملكة العربية السعودية, صناعة الحوالات الواردة في المملكة العربية السعودية