Remittance

Remittance is the transfer of money by foreign migrants to their homes. Moreover, the significant developments and rising trade working leads the job vacancies around the globe and unlocked the door for the huge population in the developing regions which concludes the remittance market growth around the globe. The existence of jobs and migration has cooperatively stimulated growth of the international remittance market as well as domestic remittance industry. Whereas, the remittance channel considers of sender, intermediaries in both the countries and recipient in both the region, and the bill payment interface utilized by the intermediaries.

Although, the market growth can be credited to aspects like significant increase in the number of OFWs, rising infrastructure and developmental activities, growing business segments and increasing job opportunities within the country, upsurge in the BPO sector and other related factors. According to the research, it is states that there are several key players which are recently functioning in this market more effectively for accounting the major share around the globe by proving better platform for transferring the money from one region to another more efficiently and within the less time includes Microsoft Corporation, Amazon.com, Inc., BitGo, NVIDIA Corporation, Advanced Micro Devices Inc., BitFury Group, Intel Corporation, AlphaPoint Corporation, Xilinx Inc., MoneyGram International Inc., Western Union Holdings, Inc., Euronet Worldwide, Inc., The Kroger Co., ABSA, Banco Bradesco SA, U.S. Bank, Scotiabank, SocieteGenerale, UBA and several others.

Nevertheless, significant increase in the number of migrants has a direct and positive impact on the growth of the remittance industry. The significant growth in the industrial and communication segments have considerably fueling to the market growth with job opportunities in the country. Therefore, in the near future outlook, it is expected that the market of remittance will increase across the globe more significantly over the decades.

Furthermore, the international remittance market around the globe presents the employee’s remittance outgoing and incoming from and to the respected region. With the effective advancements of the technology in the worldwide market attached with growing eminence of the online payments and e-wallets, the international remittance market has transformed its contour over the coming years.

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  1. Belgium Remittance Market Outlook 2027F -driven by personal remittance, active competition & favorable government policies

    70 Pages| December 2022 |
    The report provides a comprehensive analysis of the Remittance Market in Europe. Learn More
  2. Australia Remittance Market Outlook to 2027F -By International Remittance Flow Corridor (Inbound and Outbound Countries and Point of Contact), By Domestic Remittance Flow Corridor (Urban to Rural, Urban to Urban, and others)

    70 Pages| December 2022 |
    The report provides a comprehensive analysis of the potential of the Remittance Market in Australia. The report covers an overview and genesis of the industry, market size in terms of transaction volume. Learn More
  3. Bahrain Remittance Market Outlook to 2027F -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

    70 Pages| December 2022 |
    The report provides a comprehensive analysis of the Remittance Industry in Bahrain. The report covers an overview and genesis of the industry, market size in terms of revenue. Learn More
  4. France Remittance Market Outlook to 2027 -By Inbound & Outbound Remittance, By Channels (Banks, MTOs, M-wallets and Others), By Inflow & Outflow Remittance Corridors, By Point of Contact (Branch Pick-up, Mobile Payment & Online Transactions, Prepaid Cards)

    70 Pages| December 2022 |
    The report covers France Remittance Market is moderately concentrated and in the growth stage. The market includes both formal and informal payment service providers including banks, money transfer operators, mobile wallets, postal networks. Learn More
  5. Global Mobile Remittance Service Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

    114 Pages| December 2021 |
    Based on the Mobile Remittance Service market development status, competitive landscape and development model in different regions of the world. Learn More
  6. Global Remittance Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

    112 Pages| December 2021 |
    Based on the Remittance market development status, competitive landscape and development model in different regions of the world. Learn More
  7. International Remittance Industry in Qatar: Outlook to 2025 -

    20 Pages| November 2021 |
    The growth in expat population from XX Mn in 2010 to XX Mn in 2019 and increased share of remitted money as a proportion of salary have contributed to the increased value of remittance transactions in Qatar from QAR XX Bn in 2016 to QAR XX Bn in 2019 Learn More
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