Global Digital Cross-Border Remittance Market Research Report 2022

Market Analysis and Insights: Global Digital Cross-Border Remittance Market
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.).
The global Digital Cross-Border Remittance market size is projected to reach US$ 21040 million by 2028, from US$ 6241 million in 2021, at a CAGR of 17.1% during 2022-2028.
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.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Digital Cross-Border Remittance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Digital Cross-Border Remittance market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Digital Cross-Border Remittance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Digital Cross-Border Remittance market.
Global Digital Cross-Border Remittance Scope and Market Size
Digital Cross-Border Remittance market is segmented by players, region (country), By Provider and By End User. Players, stakeholders, and other participants in the global Digital Cross-Border Remittance 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 Provider and By End User for the period 2017-2028.
Segment By Provider
Digital Money Transfer Operators
Bank Digital Remittance
Segment By End User
Personal Customers
Micro and Small Businesses
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Western Union (WU)
Wise (TransferWise)
Zepz (WorldRemit, Sendwave)
Remitly
Ria Financial Services (Euronet)
PayPal/Xoom
MoneyGram
Flywire
TransferGo
OrbitRemit
Intermex
Azimo
NIUM, Inc (Instarem)
TNG FinTech
Smiles/Digital Wallet Corporation
Small World
Coins.ph
SingX
FlyRemit