Inflow of Expatriates, large scale investments by the Government and increasing digitization and integration of E-Wallets has driven the Bahrain remittance Market: 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 Inflow of Expatriates: Bahrain has been an ex-pat hotspot for decades because of its multicultural environment and a progressive nation which is known to offer a good quality of life to its residents. With the recent economic and political reform, the country has seen tremendous growth in infrastructure development, thus creating more job opportunities and an attractive destination for expatriates. With the increasing inflow of expatriates also increases the inflow of remittance to other countries, thus fueling the Bahrain remittance market. To Know More about this report, download a Free Sample Report Large-Scale Government Investments: The government has planned to invest billions of dollars to improve infrastructure, industry, housing and connectivity to call for a more diverse economic base. As part of Bahrain’s 2021 Economic Recovery Plan, Bahrain announced over 22 strategic infrastructure projects worth over $30 billion, including the construction of five man-made islands. This emphasis on construction is consistent with the Kingdom’s Vision 2030 economic development strategy. Other than that government has also planned USD 7 billion for the modernization and expansion project which is too executed by BAPCO. In October 2021, the government also launched its Economic Recovery Plan which outlines Bahrain’s post-pandemic economic recovery trajectory and includes key business initiatives across the infrastructure, tourism, financial services and logistics sectors, among others. The investment in these projects will led to more inflow of workers from different countries, thus fueling the Bahrain remittance market. Increasing Digitization & E-Wallets: With the adoption of the ‘cloud-first’ policy in 2017 by the Bahrain Government, the Country has attracted some of the world’s leading tech players to set up operations in the Kingdom. Most notably, cloud computing giant Amazon Web Services (AWS) launched its hyper-scale Cloud Region in Bahrain in 2019, its first in MENA and a landmark investment. Alongside AWS’s new data centres powering the region’s cloud ecosystem which eventually helped in digitization and introduction of e-wallets which has led to the growth of the remittance market in Bahrain. Analysts at Ken Research in their latest publication “Bahrain Remittance Market Outlook to 2027F – By International (Inbound & Outbound Remittance), By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors, by Domestic remittance flow corridor” provides a comprehensive analysis of Bahrain’s Remittance Market including market evolution, overview, genesis, market size and market segmentation. The Bahrain remittance market is in the growing phase having a CAGR of ~% from 2017-2021. The increasing inflow of expatriates, digitization, e-wallets and major government investments has led to rise in the growth of Bahrain remittance market. It is expected that Bahrain remittance market will grow at a CAGR of ~% in the forecasted period 2022-2027F. Key Segments Covered in the report: – Bahrain Remittance Market By International 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) India Pakistan Bangladesh Sri Lanka Egypt Indonesia By International Outbound Remittance Flow Corridor On the Basis of Channels (Volume of Transactions) Banking channels MTOs M-Wallets Others To Know More about industry trends, Request a free Expert call On the Basis of Outflow Countries (By Value of Transactions) India Pakistan Bangladesh Sri Lanka Egypt Indonesia By Point of Contact (By Volume) Branch Pick-up Mobile Payment & Online Transactions Prepaid Cards By Domestic Remittance Flow Corridor (Value of Transactions) Urban to Rural Urban to Urban Rural to Urban By Channels used (Value of Transactions) Banking Channel ADLAs & MTOs Retailers Others Visit this Link Request for a custom report 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 Time Period Captured in the Report: Historical Period: 2017-2021 Base Period: 2022P Forecast Period: 2022P-2027F Companies Covered: Western Union RIA Money Transfer MoneyGram Al Bakra Bank Group. Gulf International Bank. Bank of Bahrain and Kuwait. Key Topics Covered in the Report Market Ecosystem and Value Chain Market Size on the Basis of Transaction Value, 2013–2018 Market Size on the Basis of Transaction Volume, 2013-2018 Market Size on the Basis of Average Transaction Size, 2013-2018 Market Trends, Growth Drivers & Challenges Market Segmentation by Channels Used (Value of Transactions) Market Segmentation by Corridors (Value of Transactions) Market Segmentation by Inflow and outflow of countries (Value of Transactions) Government Regulations Migration Scenario Strengths and Weaknesses of Major Players Company Profiling Snapshot on Bill Payment Market Future Outlook and Projections Growth Opportunities Future Market Segmentation SWOT Analysis Analyst Recommendations For More Information On The Research Reports, Refer To Below Link: – Future Outlook of Bahrain Remittance Market Related Reports by Ken Research: – Egypt Remittance Market Outlook to 2023 Kuwait Remittance Market Outlook To 2022 Post Views: 11 Tags: Al Bakra Bank Group Remittance Market Share, Bahrain Domestic remittance market, Bahrain Inbound Remittance Market, Bahrain International Remittance Industry, Bahrain M-Wallets Major Players, Bahrain Money Transfer Market, Bahrain Outbound Remittance Market, Bahrain Prepaid Cards Market, Bahrain Remittance Industry, Bahrain Remittance Industry Outlook, Bahrain remittance inflow to Bangladesh, Bahrain remittance inflow to Egypt, Bahrain remittance inflow to India, Bahrain remittance inflow to Philippines, Bahrain Remittance Market, Bahrain Remittance Sector, Bahrain Remittance Transaction Volume, Bank of Bahrain and Kuwait Remittance market, Bills and Payments Companies in Bahrain, Branch Pick-up Bahrain Remittance Market, Competitors in Bahrain Remittance Market, Cross-border remittances in Bahrain, Digital Remittance Market in Bahrain, digitalized remittance services in Bahrain, Emerging Players in Bahrain Remittance Market, Hawalas Bahrain Remittance Market, HSBC Bank Remittance Bahrain, International Remittance Industry in Bahrain, Investcorp Bahrain Remittance Industry Revenue, Leading Players in Bahrain Remittance Market, Lloyds Bank Remittance Bahrain, Major Players in Bahrain Remittance Market, Mobile Payment Bahrain Remittance Market, mobile-based payment channels in Bahrain, Money Transfer Operators in Bahrain, money-transfer industry in Bahrain, MoneyGram Remittance Market Growth in Bahrain, numbers of startups in Fintech industry Bahrain, Online Transactions Bahrain Remittance Market, payment Service Providers in Bahrain, Prepaid cards payment Bahrain, Remittance Service Providers Bahrain, Remittance Service Providers in Bahrain, Remittance Services Providers Licenses Bahrain, Remittance Transaction Volume in Bahrain, remittance transfer Players in Bahrain, RIA Money Transfer Market Revenue in Bahrain, Rural remittance market Bahrain, Startups in Bahrain Remittance Market, Top Fin Tech Startups in Bahrain, Urban remittance market Bahrain, Venture Capital Firms in Bahrain Remittance Sector, Western Union Remittance Market Share in Bahrain