The Germany Remittance Industry Has Grown In The Last Five Years Owing To The Rising Digital Platforms And Favorable Government Initiatives: 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 A considerable part of remittances, nearly half of all remittances sent from Germany, is sent to countries of the European Union. Germany Remittance Market Positioning: The Germany Remittance Market is currently at the growth stage owing to the increasing digitalization, increased internet and smartphone penetration as well as government initiatives. Remittance services in Germany are available through banks, money transfer operators (MTOs), and other mobile and digital service providers. Corona Impact: The nationwide development of the remittance market had been delayed by the COVID-19’s quick growth. The closure of Germany’s borders, which had a dramatic impact on working and temporary skilled migrants, can be partly blamed for the fall. Additionally, vulnerable populations like migrants have been disproportionately affected by the epidemic. However, the industry is starting to show signs of a respectable recovery following the disastrous COVID-19 pandemic outbreaks, as the market’s revenue has increased by around % in 2022 compared to 2020. For more information, Request a Free Sample Report Government Initiatives for reducing remittance transfer costs: Improving the regulatory environment, upgrading the financial system’s infrastructure, pursuing policies that support innovation and the exploitation of emerging technologies, and enhancing consumer protection and transparency in remittance transfers are all ways to increase the competitiveness of the remittance market. These are some steps taken by Authority to help the market expand in the years to come. Analysts at Ken Research in their latest publication “Germany Remittance Market Outlook to 2027F – By Flow Type (Inbound and Outbound), by Application (Consumptions, Savings, Investments), and By Channels Used (Banking Channel, MTOs, M-Wallets and Others)” observed that Germany Remittance Market is expected to showcase considerable growth in the coming five years. It is anticipated to grow more quickly in the next years as a result of emerging digital platforms, government efforts, and growing internet and smartphone usage. The Remittance Market in Germany is expected to grow at ~% CAGR over the forecasted period 2022P-2027F. Key Segments Covered in the report By Flow Type Inbound Outbound By Application Savings Investments Consumptions By Channels Used Banking Channel MTOs M-Wallets Others Key Target Audience Banks Money Transfer Operators Digital Payment Companies M-Wallet Companies Bills Payments Companies Investors & Venture Capital Firms Government Bodies Mobile Money Companies Visit A link Request for Custom Report Time Period Captured in the Report: Historical Period: 2017-2022P Base Period: 2022P Forecast Period: 2022P-2027F Companies Covered: HSBC Bank Deutsche Bank Lloyds Bank Barclays Plc BNP Paribas Barclays Plc Credit Agricole BBVA Dinero Express Unicredit Banca Key Topics Covered in the Report Germany Remittance Market Overview Germany Remittance Market Segmentation Germany Domestic Remittance Market Overview Germany International Remittance Market Overview Ecosystem of Germany Remittance Market Market Share of Major Players in Germany Remittance Market Industry Analysis of Germany Remittance Market Value Chain of Germany Remittance Market Key Growth Drivers in Germany Remittance Market End User Analysis of Germany Remittance Market Key Challenges of Germany Remittance Market SWOT Analysis of Germany Remittance Industry Future Outlook of Germany Remittance Market Trends and Development of Germany Remittance Market For more insights on the market intelligence, refer to the link below:- Germany Remittance Market Related Reports By Ken Research: Philippines Remittance and Payments Market Outlook to 2024 Egypt Remittance Market Outlook to 2023 Post Views: 4 Tags: Bills and Payments Companies in Germany, Competitors in Germany Remittance Market, Cross-border remittances in Germany, Digital Remittance Market in Germany, digitalized remittance services in Germany, Emerging Players in Germany Remittance Market, Germany Remittance Industry, Germany Remittance Market, Germany Remittance Sector, Leading Players in Germany Remittance Market, Major Players in Germany Remittance Market, mobile-based payment channels in Germany, money transfer operators in Germany, money-transfer industry in Germany, numbers of startups in Fintech industry Germany, Remittance Service Providers in Germany, Remittance Transaction Volume in Germany, remittance transfer Players in Germany, Startups in Germany Remittance Market, Top Fin Tech Startups in Germany, Venture Capital Firms in Germany Remittance Sector payment Service Providers in Germany