Global Remittance Market Is Growing At A CAGR Of ~% In 2017-2022 And Is Expected To Reach USD ~ Bn By 2027 – 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 What is the Size of Global Remittance Industry? The Global Remittance Market is largely driven is driven by rise in mobile-based payment channels and cross-border transactions and decrease in remittance transfer time & cost drives the growth of the market. In addition, increase in adoption of banking & financial sectors across the globe fuels the remittance market growth. However, rise in number of financial crimes and lack of awareness for digital remittance is expected to impede the market growth. Furthermore, technological advancements in digital remittance market is expected to provide lucrative opportunities for the market growth. The most important growth driver is the remittance flows coming via migrant workers. To Know More about this report, download a Free Sample Report Global Remittance Market by Mode of transfer The Global Remittance market is segmented by mode of transfer into digital & non digital market. The traditional (non-digital) segment accounted for the largest revenue share of more than 75.0% in 2021.The major factor contributing to the segment’s growth is the sense of security and safety the consumer experiences while remitting funds through an offline channel. However, in the upcoming years, digital mode of transfer is anticipated to register massive growth. Global Remittance MARKET by Type of Remittance The Global remittance market is segmented by type of remittance into Inward & outward remittance. The outward remittance segment dominated the market in 2022 and accounted for a revenue share of more than 54.0%. Most businesses are a part of the global economy, and a company must deal with competition everywhere to compete on this grand scale. Global Remittance MARKET by Channel The Global Remittance market is segmented by channel into Bank, Money transfer & online platforms market. The money transfer operators segment accounted for the largest revenue share & the online platforms (wallets) segment is anticipated to register significant growth over the forecast period. The segment’s growth can be attributed to the fact that online platforms save a lot of time. People no longer have to stand in lines, write cheques, or wait for paper bills, and they are not required to wait for banks to clear their cheques before accessing the funds. Visit This link: – Request for Custom Report Global Remittance MARKET by end use The Global Remittance market is segmented by end use into migrant labor, personal, small business, others market. By end user, the personal segment is expected to garner a significant remittance market size and is expected to witness growth at the highest rate during the forecast period, owing to money sent by the migrant labor workforce to their home country as they migrate to other countries to pursue work such as seasonal work. Owing to rapidly advancing technologies, evolving customer expectations, and a changing regulatory landscape, which are driving the automation of cross-border and remittance services. For more insights on the market intelligence, refer to the link below:- Global Remittance Market Follow Us Facebook | Twitter | LinkedIn | Instagram Post Views: 5 Tags: Africa Traditional Remittance Market Outlook, Asia Pacific Inward Remittance Market, Bank Of America Global Customer Base, Citi Group Global Market Share, Competitors in Global Cross Border Payments Market, Digital Wallet Corporation Annual Income, Emerging Players in Global Remittance Industry, Europe Outward Remittance Market Share, Fly Remit Global Annual Market Share, Global Bank Customer Base, Global Cross Border Online Payment Challenges, Global Cross Border Payment Industry Outlook, Global Digital Remittance Market, Global Inward Remittance Industry Outlook, Global Online Cross Border Payment Infrastructure, Global Outward Remittance Customer Base, Global Payment Service Market Share, Global Personal Online Remittance Market, Global Remittance Market, Global Remittance Market Ecosystem, Global Traditional Remittance Industry, Instarem Global Market Income, Investment Global Remittance Market, Jp Morgan Chase Annual Global Income, Latin America Small Business Remittance Industry, Leading Online Remittance Service Providers, Major Players in Global Online Payments Industry, Middle East Remittance Market Share, Moneygram Global Annual Income, No Of Cross Border Payment Channels, No Of Global Money Transfer Operators, No Of Global Online Payment Channels, No Of Online Payment Channels, No Of Online Transfers, North America Migrant Labour Workforce Remittance Market Share, Ofx Global Annual Income, Opportunities Global Remittance Market, Orbit Remit Market Income, Paypal Global Customer Base, Ria Financial Services Global Market Share, Top 5 Funded Global Remittance Industry Players, Transfergo Global Market Customer Base, Trends Global Cross Border Payment Industry, Uae Exchange Global Market Share, Western Union Market Income