In this report, we focus on the digital remittance as P2P money remittance that is sent via an online platform (mobile, desktop, tablet etc.), including both immediate transfers (less than 24 hours) and transfers that takes more than 24 hours. For example, Western Union (WU) is an important player of Digital Remittance. In this report, the Western Union’s digital remittance revenue is only for online money transfer, though WU’s branded website, including through their mobile devices, PC and tablet etc.).
This report aims to provide a comprehensive presentation of the global market for Digital Cross-Border Remittance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Cross-Border Remittance. This report contains market size and forecasts of Digital Cross-Border Remittance in global, including the following market information:
Global Digital Cross-Border Remittance Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Digital Cross-Border Remittance market was valued at US$ 6421.7 million in 2022 and is projected to reach US$ 18550 million by 2029, at a CAGR of 16.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core digital cross-border remittance manufacturers include DSM, Wise (TransferWise) etc.The top 2 companies hold a share about 30%. North America is the largest market, with a share about 35%, followed by Asia Pacific and Europe with the share about 32% and 14%.In terms of provider, digital money transfer operators is the largest segment, with a share over 85%. And in terms of end user, the largest application is personal customers, followed by micro and small businesses.
CA MARKET RESEARCH CO.,LTD (CAR) has surveyed the Digital Cross-Border Remittance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Digital Cross-Border Remittance Market, By Provider, 2018-2023, 2024-2029 ($ millions)
Global Digital Cross-Border Remittance Market Segment Percentages, By Provider, 2022 (%)
Digital Money Transfer Operators
Bank Digital Remittance
Global Digital Cross-Border Remittance Market, By End User, 2018-2023, 2024-2029 ($ millions)
Global Digital Cross-Border Remittance Market Segment Percentages, By End User, 2022 (%)
Micro and Small Businesses
Global Digital Cross-Border Remittance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Digital Cross-Border Remittance Market Segment Percentages, By Region and Country, 2022 (%)
Rest of Europe
Rest of Asia
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies Digital Cross-Border Remittance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Digital Cross-Border Remittance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Western Union (WU)
Zepz (WorldRemit, Sendwave)
Ria Financial Services (Euronet)
NIUM, Inc (Instarem)
Smiles/Digital Wallet Corporation
Outline of Major Chapters:
Chapter 1: Introduces the definition of Digital Cross-Border Remittance, market overview.
Chapter 2: Global Digital Cross-Border Remittance market size in revenue.
Chapter 3: Detailed analysis of Digital Cross-Border Remittance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by provider, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by end user, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Digital Cross-Border Remittance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.