세계의 디지털 송금 시장 규모 조사 및 예측 : 유형별, 최종사용자별, 채널별, 지역별 분석(2023-2030년)

Global Digital Remittance Market is valued approximately at USD 19 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.3% over the forecast period 2023-2030. Digital remittance refers to the electronic transfer of money from one individual or entity to another, typically across different countries or regions. It involves using digital platforms, online banking systems, or mobile applications to send funds securely and conveniently. Digital remittance has gained popularity due to its speed, cost-effectiveness, and accessibility compared to traditional methods such as bank drafts or wire transfers. This technology-driven approach has revolutionized the way people send money internationally, making cross-border transactions faster, more efficient, and more convenient for individuals and businesses alike. The soaring penetration of smartphones, rising use of internet connection, increasing globalization and international migrants, and the growing requirement for international money transfers are the key factors that are primarily contributing to the growth of the Digital Remittance Market.

In addition, the surge in the digital payment preferences is driving market growth significantly. This shift towards digital transactions has created new prospects for digital remittance. People are looking for easy and affordable alternatives to send money abroad as they get increasingly used to conducting financial transactions through digital platforms. The COVID-19 pandemic, migration, globalization, technology improvements, and migration themselves have all contributed to greater awareness of digital remittance options, which is contributing to this upsurge. According to Statista, the transaction value in the digital payments industry is expected to reach USD 8.49 trillion in 2022 and is projected to grow to USD 15.17 trillion by 2027, with a compound annual growth rate (CAGR) of 12.31% during 2022-2027. As a result, the market for digital remittances is expanding as more people and companies become aware of the convenience and effectiveness of digital cross-border money transfers. Consequently, the rising inclination towards digital payments is positively impacting market demand on a global scale. Moreover, the surge in proliferation of the digital platform for remittance, as well as increasing advancements in fintech and digital payment technologies present various lucrative opportunities over the forecast years. However, the security concerns and risks associated with online transactions, along with the regulatory challenges and compliance requirements are hampering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Digital Remittance Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the development in mobile technology, fintech innovations, blockchain incorporation, and regulatory frameworks, along with the presence of the leading companies like Continental Exchange Solutions, Inc., Western Union Holdings, Inc., and MoneyGram. Many individuals migrate their seeking improved education, employment prospects, and business opportunities. This influx of immigrants is anticipated to fuel growth for digital remittance service providers in the region. Additionally, the North American market is witnessing a surge in demand for faster money transfers, spurred by the emergence of various payment applications. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The stipulating demand for streamlined transfers, increased adoption of banking and financial services across the region, especially in economies like China and India are significantly propelling the market demand because of rising mobile banking, cashless payments, and mobile-based payment solutions across the region. Also, competition is intensifying, presenting growth opportunities for the regional market in the forecast period with new entrants entering the market and an expanding customer base.

Major market players included in this report are:

• Nium Pte. Ltd
• Wise Payments Limited
• Azimo Ltd
• Ria Financial Services
• MoneyGram International Inc.
• WorldRemit Ltd
• TransferGo Ltd
• Digital Wallet Inc
• Western Union Holdings, Inc
• PayPal Holdings Inc.

Recent Developments in the Market:

• In August 2021, WorldRemit Ltd. expanded its money transfer services to Malaysia, enabling users in Malaysia and over 50 other countries, such as the U.S. and the U.K., to send money to over 130 destinations worldwide. Users can select from a variety of payout options for the recipient based on their location, including mobile wallet transfers, bank deposits, mobile airtime top-ups, and cash pick-up.
• In February 2023, Fintiv, a leading mobile commerce platform, partnered with Geoswift, a payment technology company specializing in Asian cross-border payments. This collaboration enables digital remittance payments into Asia through Fintiv's mobile wallets, offering customers the ability to make person-to-person or business-to-business payments directly to China, India, and other Asian countries. Geoswift's "GeoRemit" product line expands Fintiv's geographical reach, connecting to numerous domestic banks and mobile wallets across Asia.

Global Digital Remittance Market Report Scope:

• Historical Data - 2020 - 2021
• Base Year for Estimation - 2022
• Forecast period - 2023-2030
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Segments Covered - Type, End User, Channel, Region
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

• Inward Digital Remittance
• Outward Digital Remittance

By End User:

• Business
• Personal

By Channel:

• Banks
• Money Transfer Operators
• Others

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Table of Contents

Chapter 1.Executive Summary

• 1.1.Market Snapshot
• 1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  • 1.2.1.Digital Remittance Market, by region, 2020-2030 (USD Billion)
  • 1.2.2.Digital Remittance Market, by Type, 2020-2030 (USD Billion)
  • 1.2.3.Digital Remittance Market, by End User, 2020-2030 (USD Billion)
  • 1.2.4.Digital Remittance Market, by Channel, 2020-2030 (USD Billion)
• 1.3.Key Trends
• 1.4.Estimation Methodology
• 1.5.Research Assumption

Chapter 2.Global Digital Remittance Market Definition and Scope

• 2.1.Objective of the Study
• 2.2.Market Definition & Scope
  • 2.2.1.Industry Evolution
  • 2.2.2.Scope of the Study
• 2.3.Years Considered for the Study
• 2.4.Currency Conversion Rates

Chapter 3.Global Digital Remittance Market Dynamics

• 3.1.Digital Remittance Market Impact Analysis (2020-2030)
  • 3.1.1.Market Drivers
    • 3.1.1.1.Increasing globalization and international migrants
    • 3.1.1.2.Rising shift towards digital payment preferences
  • 3.1.2.Market Challenges
    • 3.1.2.1.Security concerns and risks associated with online transactions
    • 3.1.2.2.Regulatory challenges and compliance requirements
  • 3.1.3.Market Opportunities
    • 3.1.3.1.Surge in proliferation of the digital platform for remittance
    • 3.1.3.2.Increasing advancements in fintech and digital payment technologies

Chapter 4.Global Digital Remittance Market: Industry Analysis

• 4.1.Porter's 5 Force Model
  • 4.1.1.Bargaining Power of Suppliers
  • 4.1.2.Bargaining Power of Buyers
  • 4.1.3.Threat of New Entrants
  • 4.1.4.Threat of Substitutes
  • 4.1.5.Competitive Rivalry
• 4.2.Porter's 5 Force Impact Analysis
• 4.3.PEST Analysis
  • 4.3.1.Political
  • 4.3.2.Economic
  • 4.3.3.Social
  • 4.3.4.Technological
  • 4.3.5.Environmental
  • 4.3.6.Legal
• 4.4.Top investment opportunity
• 4.5.Top winning strategies
• 4.6.COVID-19 Impact Analysis
• 4.7.Disruptive Trends
• 4.8.Industry Expert Perspective
• 4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Digital Remittance Market, by Type

• 5.1.Market Snapshot
• 5.2.Global Digital Remittance Market by Type, Performance - Potential Analysis
• 5.3.Global Digital Remittance Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
• 5.4.Digital Remittance Market, Sub Segment Analysis
  • 5.4.1.Inward Digital Remittance
  • 5.4.2.Outward Digital Remittance

Chapter 6.Global Digital Remittance Market, by End User

• 6.1.Market Snapshot
• 6.2.Global Digital Remittance Market by End User, Performance - Potential Analysis
• 6.3.Global Digital Remittance Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
• 6.4.Digital Remittance Market, Sub Segment Analysis
  • 6.4.1.Business
  • 6.4.2.Personal

Chapter 7.Global Digital Remittance Market, by Channel

• 7.1.Market Snapshot
• 7.2.Global Digital Remittance Market by Channel, Performance - Potential Analysis
• 7.3.Global Digital Remittance Market Estimates & Forecasts by Channel 2020-2030 (USD Billion)
• 7.4.Digital Remittance Market, Sub Segment Analysis
  • 7.4.1.Banks
  • 7.4.2.Money Transfer Operators
  • 7.4.3.Others

Chapter 8.Global Digital Remittance Market, Regional Analysis

• 8.1.Top Leading Countries
• 8.2.Top Emerging Countries
• 8.3.Digital Remittance Market, Regional Market Snapshot
• 8.4.North America Digital Remittance Market
  • 8.4.1.U.S. Digital Remittance Market
    • 8.4.1.1.Type breakdown estimates & forecasts, 2020-2030
    • 8.4.1.2.End User breakdown estimates & forecasts, 2020-2030
    • 8.4.1.3.Channel breakdown estimates & forecasts, 2020-2030
  • 8.4.2.Canada Digital Remittance Market
• 8.5.Europe Digital Remittance Market Snapshot
  • 8.5.1.U.K. Digital Remittance Market
  • 8.5.2.Germany Digital Remittance Market
  • 8.5.3.France Digital Remittance Market
  • 8.5.4.Spain Digital Remittance Market
  • 8.5.5.Italy Digital Remittance Market
  • 8.5.6.Rest of Europe Digital Remittance Market
• 8.6.Asia-Pacific Digital Remittance Market Snapshot
  • 8.6.1.China Digital Remittance Market
  • 8.6.2.India Digital Remittance Market
  • 8.6.3.Japan Digital Remittance Market
  • 8.6.4.Australia Digital Remittance Market
  • 8.6.5.South Korea Digital Remittance Market
  • 8.6.6.Rest of Asia Pacific Digital Remittance Market
• 8.7.Latin America Digital Remittance Market Snapshot
  • 8.7.1.Brazil Digital Remittance Market
  • 8.7.2.Mexico Digital Remittance Market
• 8.8.Middle East & Africa Digital Remittance Market
  • 8.8.1.Saudi Arabia Digital Remittance Market
  • 8.8.2.South Africa Digital Remittance Market
  • 8.8.3.Rest of Middle East & Africa Digital Remittance Market

Chapter 9.Competitive Intelligence

• 9.1.Key Company SWOT Analysis
• 9.2.Top Market Strategies
• 9.3.Company Profiles
  • 9.3.1. Nium Pte. Ltd
    • 9.3.1.1.Key Information
    • 9.3.1.2.Overview
    • 9.3.1.3.Financial (Subject to Data Availability)
    • 9.3.1.4.Product Summary
    • 9.3.1.5.Recent Developments
  • 9.3.2.Wise Payments Limited
  • 9.3.3.Azimo Ltd
  • 9.3.4.Ria Financial Services
  • 9.3.5.MoneyGram International Inc.
  • 9.3.6.WorldRemit Ltd.
  • 9.3.7.TransferGo Ltd
  • 9.3.8.Digital Wallet Inc
  • 9.3.9.Western Union Holdings, Inc
  • 9.3.10.PayPal Holdings Inc.

Chapter 10.Research Process

• 10.1.Research Process
  • 10.1.1.Data Mining
  • 10.1.2.Analysis
  • 10.1.3.Market Estimation
  • 10.1.4.Validation
  • 10.1.5.Publishing
• 10.2.Research Attributes
• 10.3.Research Assumption