International Remittance Industry in Qatar | Market share of Exchange Houses | Qatar Central Bank AML Guidelines | Future Outlook Remittance Qatar: 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 Qatar – 88% of Population are Expatriates Qatar is home 2.8 Million population with more than 88% of population comprising of expats with India, Nepal, Philippines, Bangladesh, Sri Lanka, Egypt and others being key source countries. In 2019, outward remittances were recorded at 6.5% of total GDP of country with India being the prominent corridor of outward remittance transactions. During the period of 2013-19, there has been a multi-fold growth in expat population of select countries, which have contributed immensely to the growth in international remittances of country. During 2016-19, the International Remittance Industry in Qatar increased from QAR xx Mn to QAR xx Mn, growing at a CAGR of xx%. During 2019-20, industry size declined by xx% due to pandemic of COVID-19 and return of migrant workers to their home countries. Given high employment of expat population, it is no doubt that outbound remittance flows contribute >95% to industry with India, Nepal and Philippines being the largest corridors. Overview of Outbound Remittance Industry Given the high cost of sending money back home, customers are generally incurring high transaction size to save on transaction fees again. In the past 4 years, industry has also witnessed a decline in average revenue per transaction owing to technological innovations, entry of vertical players and low-cost positioning of few exchange houses. Correspondent banking networks remain the foremost choice of partnership of local exchange houses while for non-prominent corridors, exchange houses tie up with third party money operators and global MTOs to facilitate transactions. While, direct to account transfers are most commonly used, analysts at Ken Research expect a decline in cash pickup transfers due to focus on digitalized payments of countries across world. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDg0NzMy Competitive Landscape of Industry PLAYERS The industry is dominated by exchange houses catering to the large chunk of blue collar workforce which are unable to open bank accounts in Qatar. As of June 2021, there were XX exchange houses in Qatar operating via a network of XX branches across Qatar. It was interesting to note that there were no supernormal benefits of early starters in the industry and firms majorly compete on the basis of exchange rate offered coupled with level of quality services offered (same day credit, cash pickup service etc). Cross-comparison Among top Exchange HouseS Being a commodity-type industry with competitive prices being a pre-requisite, firms are generally aiming to drive volume of transactions via branches to adhere to financial and profitability goals of the exchange. It was analyzed that XX monthly outbound transactions would lead to a break-even at a branch level. Further, top 5 players contributed XX% market share to the industry size during June 2021. The extent of partnerships with correspondent banks and third party money operators including Global MTOs also affect the choice of customer for selection of exchange house. For instance, Al Jazeera Exchange employs staff of IME Nepal within its branch to execute transactions of Nepal Corridor, Sewa Money Transfer (Nepal correspondent) has partnered with Eastern Exchange to facilitate transactions. For More Information, refer to below link:- Qatar Central Bank AML Guidelines | Future Outlook Remittance Qatar Related Reports 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 Indonesia Domestic and International Remittance Market Outlook to 2023 – By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Income Level Group and By Inflow and Outflow Remittance Corridor Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 4 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