Enjoy complimentary customisation on priority with our Enterprise License!
The Remittance Market size is estimated to increase by USD 57 billion, at a CAGR of 13.54% between 2023 and 2028. Market expansion hinges on multiple factors, including technological progress, decreased remittance costs and transfer durations, and improved cash flow fostering business expansion. Challenges include the escalation of illicit financial flows, the absence of standardization, and privacy and security apprehensions concerning digital remittance. Addressing these hurdles necessitates concerted efforts. Tackling illicit financial flows demands robust regulatory measures and heightened transparency. Standardization initiatives are imperative to streamline processes and ensure interoperability across platforms. Additionally, enhancing privacy and security protocols in digital remittance transactions requires innovative technological solutions and stringent compliance frameworks. Overcoming these challenges will foster a more conducive environment for market growth, facilitating smoother transactions and bolstering confidence among users. Ultimately, by surmounting these obstacles, the digital remittance sector can realize its full potential and continue to drive economic empowerment and financial inclusion on a global scale.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Method
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.