Global and United States Digital Money Transfer and Remittances Market Report & Forecast 2022-2028

The digital remittance as P2P money remittance 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.).
Market Analysis and Insights: Global and United States Digital Money Transfer and Remittances Market
This report focuses on global and United States Digital Money Transfer and Remittances market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Digital Money Transfer and Remittances market size is estimated to be worth US$ 7528.6 million in 2022 and is forecast to a readjusted size of US$ 19710 million by 2028 with a CAGR of 17.4% during the review period. Fully considering the economic change by this health crisis, by Provider, Digital Money Transfer Operators accounting for % of the Digital Money Transfer and Remittances global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by End User, Personal Customers was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Global key players of digital money transfer and remittance include Western Union, Ria Financial Services, etc. Global top 3 companies hold a share over 40%. North America is the largest market, with a share about 33%, followed by Asia Pacific and Europe with the share about 32% and 15%. In terms of product, digital money transfer operator is the largest segment, with a share over 80%. And in terms of application, the largest end user is personal customers, with a share about 80%.
Global Digital Money Transfer and Remittances Scope and Market Size
Digital Money Transfer and Remittances market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Digital Money Transfer and Remittances market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Digital Money Transfer and Remittances market size by players, by Provider and by End User, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Provider
Digital Money Transfer Operators
Banks Digital Remittance
Segment by End User
Personal Customers
Micro and Small Businesses
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Western Union (WU)
Ria Financial Services (Euronet)
PayPal/Xoom
Wise
Zepz (WorldRemit, Sendwave)
MoneyGram
Remitly
Azimo
TransferGo
NIUM, Inc (Instarem)
TNG FinTech
Coins.ph
OrbitRemit
Smiles/Digital Wallet Corporation
FlyRemit
SingX
Flywire
Intermex
Small World