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 Buy Now Remittance is denoted as sending of money by foreign migrant cross border to another person via electronic payments, drafts, and check. In addition, majority of remittance services providers are aiming on digital remittance to develop their business and convey customer with easier and faster transferring services. Frequent benefits of utilizing the digital channels such as high speed, convenience of digital channels 24 hours a day, transparency, ease of use, high security, and others, for sending money generate the numerous opportunities for the remittance market. According to the report analysis, ‘International Remittance Industry in Qatar: Outlook to 2025’ states that the growth in expat population from XX Mn during 2010 to XX Mn in 2019 and augmented share of remitted money as a proportion of salary have underwritten to the augmented 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 marvelous growth in outbound remittance to Bangladesh with its contribution surging from XX% during 2016 to XX% in 2020. As at June 2021, there were XX local exchange houses functioning via XX branches across Qatar. Al Dar for exchange works functioned the highest number of XX branches in Doha, Ar Rayyan, Al Khor etc. In line with the National Vision 2030 and forthcoming FIFA World Cup event in 2022, remittance industry in Qatar has been observing introduction and implementation of digital solutions (Web and mobile application) by migrant population. The pandemic of COVID-19 compelled workers to return to their home regions while lockdown on exchange houses forced users to switch to online mediums for transactions. Further, the limitations on daily transfer limit and corresponding daily funding issues in certain small exchange houses had led to shift of high value consumers to the leading players. Request a Free Sample to learn more about the report: Click here The effective growth in mobile-based payment channels and cross-border transactions and deduction in remittance transfer time & cost drives the growth of the market. In addition, augment in implementation of banking & financial sectors across the Qatar fuels the remittance market growth. However, augment in number of financial crimes and shortage of awareness for digital remittance is projected to impede the market growth. Furthermore, technological innovations in digital remittance market is projected to provide lucrative choices for the market growth. Qatar Central Bank (QCB) has played a decisive role in encouraging and regulating the industry with vigilance on compliance with the 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 delivered for incentives (waiver of application fees and first year registration fees, rent free workspaces, 100% foreign ownership and repatriation of profits etc.) aim to motivate the investments in startups in Qatar. In a whitepaper discharge in October 2021, the stakeholders have highlighted the role of technology and its surging implementation which could pave manner for Qatar as a regional hub for Fintech. Given the backdrop of deduction in volume and value of outbound ‘International Remittance Transactions’, analysts at Ken Research project a growth of XX% throughout 2020-21 and CAGR of XX% during 2020-25F. During this duration, value of transactions is projected to peak in 2022 due to arrival of more than XX Million foreign travelers for FIFA World Cup 2022 event. It is also anticipated that industry would witness augmented the level of partnerships among banks, exchange houses and financial services entities aiming to obtaining the ownership in value chain. While, digitalization of services coupled with wafer-thin functioning margins are here to stay for tomorrow, it is pertinent for incumbents to re-assess their business strategy and aim on creating value for consumers of tomorrow. For More Information on the research report, refer to below link: – International Remittance Industry in Qatar: Outlook to 2025 Related Reports by Ken Research: – International Remittance Industry in Saudi Arabia: Outlook to 2025 South Africa Domestic and International Remittance Market Outlook to 2023 – By Channels Used (Banking Channels, Retailers, ADLAs & MTOs and Others), Remittance Corridors (Inbound-Outbound and Rural-Urban) Singapore International Remittance Market Outlook to 2023 – By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors Follow Us LinkedIn | Facebook | Twitter | YouTube Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 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