MENA Remittance Market Size, Share, Trends and Outlook to 2027 What Is the Size of Mena Remittance Industry? MENA Remittance market is growing at a CAGR of ~% in 2017-2022 and is expected to reach USD ~ Bn by 2027. The MENA Remittance Market is largely driven by the increasing inflow of expatriates, digitization, e wallets and major government investments. MENA has been an expat… Read More »
Remittance flows rose in the Middle East and North Africa (MENA) by 9.1% to hit $59 billion in 2018. Will MENA Remittance market continue to grow in the future 1. Increasing adoption of digital payment solutions in MENA Region The MENA region is one of the largest remittance markets in the world, with millions of people sending and receiving money from overseas. The remittance industry in this region is dominated by countries like Saudi Arabia, the UAE, Qatar, Kuwait, and Oman, which host millions… Read More »
Growing digitalization and opening of the market to International Money Transfer Operators (MTO) will drive the growth of Saudi Arabia Remittance Industry at a CAGR of 2.8% during 2020-25: Ken Research The Saudi Arabia Remittance market is anticipated to grow at a CAGR of 2.8% during the forecast period FY’20-FY’25. Growth of digital payments solutions, along with rising fintech ecosystem are further expected to give a boost to numerous entities that facilitate online payments in the country. Opening of the market to allow foreign MTOs will… Read More »
International Remittance Industry in Qatar Outlook to 2025 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… Read More »
Qatar World Bank International Remittance Report | Weekly Funding Limit Remittance Industry in Qatar | Commission rate Banking Partners Qatar: Ken Research Why is it important for exchange houses in Qatar to re-assess their current business positioning Exchange houses in Qatar dominate the international remittance industry by facilitating more than 1 million transactions on a monthly basis. As of June 2021, there were 20 exchange houses operating with a total of 141 branches located in different provinces… Read More »
International Remittance Industry in Qatar | Market share of Exchange Houses | Qatar Central Bank AML Guidelines | Future Outlook Remittance Qatar: Ken Research 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… Read More »
Decoding the landscape of International remittance Industry in Saudi Arabia: Ken Research November 2021 The Saudi Arabia Remittance market is anticipated to grow at a CAGR of 2.8% during the forecast period FY’20-FY’25. Growth of digital payments solutions, along with rising fintech ecosystem are further expected to give a boost to numerous entities that facilitate online payments in the country. Opening of the market to allow foreign… Read More »
Decoding the landscape of International remittance Industry in Qatar: Ken Research Qatar is home 2.8 Million population with more than 88% of population being expatriates from India, Nepal, Philippines, Bangladesh, Sri Lanka, Egypt and other countries. With an unemployment rate of less than 1%, expat population is employed majorly in construction, manufacturing, wholesale and retail trade and other industries. A poll opinion conducted by Ken Research… Read More »
International Remittance Industry in Saudi Arabia: Outlook to 2025 The publication titled ‘International Remittance Industry in Saudi Arabia’ covers the overview of industry by analyzing historical remittance statistics and corresponding change in social-demographic indicators in Qatar. With ~37% of expat population, the value of outbound remittance transactions were recorded at SAR xx Mn in 2020, up from SAR xx Mn in 2019. Overview of… Read More »
International Remittance Industry in Qatar: Outlook to 2025 The publication titled ‘International Remittance Industry in Qatar’ covers the overview of industry by analyzing historical remittance statistics and corresponding change in social-demographic indicators in Qatar. With ~88% of expat population, the value of outbound remittance transactions were recorded at QAR XX Bn in 2020, down from QAR XX Bn in 2019 due to COVID-19… Read More »
