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.).
Market Analysis and Insights: Global Digital Cross-Border Remittance Market
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 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
By Region
- North America
- 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
TABLE OF CONTENTS
1 Report Business Overview
- 1.1 Study Scope
- 1.2 Market Analysis By Provider
- 1.2.1 Global Digital Cross-Border Remittance Market Size Growth Rate By Provider, 2017 VS 2021 VS 2028
- 1.2.2 Digital Money Transfer Operators
- 1.2.3 Bank Digital Remittance
- 1.3 Market By End User
- 1.3.1 Global Digital Cross-Border Remittance Market Size Growth Rate By End User, 2017 VS 2021 VS 2028
- 1.3.2 Personal Customers
- 1.3.3 Micro and Small Businesses
- 1.4 Study Objectives
- 1.5 Years Considered
2 Global Growth Trends
- 2.1 Global Digital Cross-Border Remittance Market Perspective (2017-2028)
- 2.2 Digital Cross-Border Remittance Growth Trends by Region
- 2.2.1 Digital Cross-Border Remittance Market Size by Region: 2017 VS 2021 VS 2028
- 2.2.2 Digital Cross-Border Remittance Historic Market Size by Region (2017-2022)
- 2.2.3 Digital Cross-Border Remittance Forecasted Market Size by Region (2023-2028)
- 2.3 Digital Cross-Border Remittance Market Dynamics
- 2.3.1 Digital Cross-Border Remittance Industry Trends
- 2.3.2 Digital Cross-Border Remittance Market Drivers
- 2.3.3 Digital Cross-Border Remittance Market Challenges
- 2.3.4 Digital Cross-Border Remittance Market Restraints
3 Competition Landscape by Key Players
- 3.1 Global Top Digital Cross-Border Remittance Players by Revenue
- 3.1.1 Global Top Digital Cross-Border Remittance Players by Revenue (2017-2022)
- 3.1.2 Global Digital Cross-Border Remittance Revenue Market Share by Players (2017-2022)
- 3.2 Global Digital Cross-Border Remittance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.3 Players Covered: Ranking by Digital Cross-Border Remittance Revenue
- 3.4 Global Digital Cross-Border Remittance Market Concentration Ratio
- 3.4.1 Global Digital Cross-Border Remittance Market Concentration Ratio (CR5 and HHI)
- 3.4.2 Global Top 10 and Top 5 Companies by Digital Cross-Border Remittance Revenue in 2021
- 3.5 Digital Cross-Border Remittance Key Players Head office and Area Served
- 3.6 Key Players Digital Cross-Border Remittance Product Solution and Service
- 3.7 Date of Enter into Digital Cross-Border Remittance Market
- 3.8 Mergers & Acquisitions, Expansion Plans
4 Digital Cross-Border Remittance Breakdown Data By Provider
- 4.1 Global Digital Cross-Border Remittance Historic Market Size By Provider (2017-2022)
- 4.2 Global Digital Cross-Border Remittance Forecasted Market Size By Provider (2023-2028)
5 Digital Cross-Border Remittance Breakdown Data By End User
- 5.1 Global Digital Cross-Border Remittance Historic Market Size By End User (2017-2022)
- 5.2 Global Digital Cross-Border Remittance Forecasted Market Size By End User (2023-2028)
6 North America
- 6.1 North America Digital Cross-Border Remittance Market Size (2017-2028)
- 6.2 North America Digital Cross-Border Remittance Market Size By Provider
- 6.2.1 North America Digital Cross-Border Remittance Market Size By Provider (2017-2022)
- 6.2.2 North America Digital Cross-Border Remittance Market Size By Provider (2023-2028)
- 6.2.3 North America Digital Cross-Border Remittance Market Share By Provider (2017-2028)
- 6.3 North America Digital Cross-Border Remittance Market Size By End User
- 6.3.1 North America Digital Cross-Border Remittance Market Size By End User (2017-2022)
- 6.3.2 North America Digital Cross-Border Remittance Market Size By End User (2023-2028)
- 6.3.3 North America Digital Cross-Border Remittance Market Share By End User (2017-2028)
- 6.4 North America Digital Cross-Border Remittance Market Size by Country
- 6.4.1 North America Digital Cross-Border Remittance Market Size by Country (2017-2022)
- 6.4.2 North America Digital Cross-Border Remittance Market Size by Country (2023-2028)
- 6.4.3 United States
- 6.4.4 Canada
7 Europe
- 7.1 Europe Digital Cross-Border Remittance Market Size (2017-2028)
- 7.2 Europe Digital Cross-Border Remittance Market Size By Provider
- 7.2.1 Europe Digital Cross-Border Remittance Market Size By Provider (2017-2022)
- 7.2.2 Europe Digital Cross-Border Remittance Market Size By Provider (2023-2028)
- 7.2.3 Europe Digital Cross-Border Remittance Market Share By Provider (2017-2028)
- 7.3 Europe Digital Cross-Border Remittance Market Size By End User
- 7.3.1 Europe Digital Cross-Border Remittance Market Size By End User (2017-2022)
- 7.3.2 Europe Digital Cross-Border Remittance Market Size By End User (2023-2028)
- 7.3.3 Europe Digital Cross-Border Remittance Market Share By End User (2017-2028)
- 7.4 Europe Digital Cross-Border Remittance Market Size by Country
- 7.4.1 Europe Digital Cross-Border Remittance Market Size by Country (2017-2022)
- 7.4.2 Europe Digital Cross-Border Remittance Market Size by Country (2023-2028)
- 7.4.3 Germany
- 7.4.4 France
- 7.4.5 U.K.
- 7.4.6 Italy
- 7.4.7 Russia
- 7.4.8 Nordic Countries
8 Asia-Pacific
- 8.1 Asia-Pacific Digital Cross-Border Remittance Market Size (2017-2028)
- 8.2 Asia-Pacific Digital Cross-Border Remittance Market Size By Provider
- 8.2.1 Asia-Pacific Digital Cross-Border Remittance Market Size By Provider (2017-2022)
- 8.2.2 Asia-Pacific Digital Cross-Border Remittance Market Size By Provider (2023-2028)
- 8.2.3 Asia-Pacific Digital Cross-Border Remittance Market Share By Provider (2017-2028)
- 8.3 Asia-Pacific Digital Cross-Border Remittance Market Size By End User
- 8.3.1 Asia-Pacific Digital Cross-Border Remittance Market Size By End User (2017-2022)
- 8.3.2 Asia-Pacific Digital Cross-Border Remittance Market Size By End User (2023-2028)
- 8.3.3 Asia-Pacific Digital Cross-Border Remittance Market Share By End User (2017-2028)
- 8.4 Asia-Pacific Digital Cross-Border Remittance Market Size by Region
- 8.4.1 Asia-Pacific Digital Cross-Border Remittance Market Size by Region (2017-2022)
- 8.4.2 Asia-Pacific Digital Cross-Border Remittance Market Size by Region (2023-2028)
- 8.4.3 China
- 8.4.4 Japan
- 8.4.5 South Korea
- 8.4.6 Southeast Asia
- 8.4.7 India
- 8.4.8 Australia
9 Latin America
- 9.1 Latin America Digital Cross-Border Remittance Market Size (2017-2028)
- 9.2 Latin America Digital Cross-Border Remittance Market Size By Provider
- 9.2.1 Latin America Digital Cross-Border Remittance Market Size By Provider (2017-2022)
- 9.2.2 Latin America Digital Cross-Border Remittance Market Size By Provider (2023-2028)
- 9.2.3 Latin America Digital Cross-Border Remittance Market Share By Provider (2017-2028)
- 9.3 Latin America Digital Cross-Border Remittance Market Size By End User
- 9.3.1 Latin America Digital Cross-Border Remittance Market Size By End User (2017-2022)
- 9.3.2 Latin America Digital Cross-Border Remittance Market Size By End User (2023-2028)
- 9.3.3 Latin America Digital Cross-Border Remittance Market Share By End User (2017-2028)
- 9.4 Latin America Digital Cross-Border Remittance Market Size by Country
- 9.4.1 Latin America Digital Cross-Border Remittance Market Size by Country (2017-2022)
- 9.4.2 Latin America Digital Cross-Border Remittance Market Size by Country (2023-2028)
- 9.4.3 Mexico
- 9.4.4 Brazil
10 Middle East & Africa
- 10.1 Middle East & Africa Digital Cross-Border Remittance Market Size (2017-2028)
- 10.2 Middle East & Africa Digital Cross-Border Remittance Market Size By Provider
- 10.2.1 Middle East & Africa Digital Cross-Border Remittance Market Size By Provider (2017-2022)
- 10.2.2 Middle East & Africa Digital Cross-Border Remittance Market Size By Provider (2023-2028)
- 10.2.3 Middle East & Africa Digital Cross-Border Remittance Market Share By Provider (2017-2028)
- 10.3 Middle East & Africa Digital Cross-Border Remittance Market Size By End User
- 10.3.1 Middle East & Africa Digital Cross-Border Remittance Market Size By End User (2017-2022)
- 10.3.2 Middle East & Africa Digital Cross-Border Remittance Market Size By End User (2023-2028)
- 10.3.3 Middle East & Africa Digital Cross-Border Remittance Market Share By End User (2017-2028)
- 10.4 Middle East & Africa Digital Cross-Border Remittance Market Size by Country
- 10.4.1 Middle East & Africa Digital Cross-Border Remittance Market Size by Country (2017-2022)
- 10.4.2 Middle East & Africa Digital Cross-Border Remittance Market Size by Country (2023-2028)
- 10.4.3 Turkey
- 10.4.4 Saudi Arabia
- 10.4.5 UAE
11 Key Players Profiles
- 11.1 Western Union (WU)
- 11.1.1 Western Union (WU) Company Details
- 11.1.2 Western Union (WU) Business Overview
- 11.1.3 Western Union (WU) Digital Cross-Border Remittance Introduction
- 11.1.4 Western Union (WU) Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.1.5 Western Union (WU) Recent Developments
- 11.2 Wise (TransferWise)
- 11.2.1 Wise (TransferWise) Company Details
- 11.2.2 Wise (TransferWise) Business Overview
- 11.2.3 Wise (TransferWise) Digital Cross-Border Remittance Introduction
- 11.2.4 Wise (TransferWise) Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.2.5 Wise (TransferWise) Recent Developments
- 11.3 Zepz (WorldRemit, Sendwave)
- 11.3.1 Zepz (WorldRemit, Sendwave) Company Details
- 11.3.2 Zepz (WorldRemit, Sendwave) Business Overview
- 11.3.3 Zepz (WorldRemit, Sendwave) Digital Cross-Border Remittance Introduction
- 11.3.4 Zepz (WorldRemit, Sendwave) Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.3.5 Zepz (WorldRemit, Sendwave) Recent Developments
- 11.4 Remitly
- 11.4.1 Remitly Company Details
- 11.4.2 Remitly Business Overview
- 11.4.3 Remitly Digital Cross-Border Remittance Introduction
- 11.4.4 Remitly Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.4.5 Remitly Recent Developments
- 11.5 Ria Financial Services (Euronet)
- 11.5.1 Ria Financial Services (Euronet) Company Details
- 11.5.2 Ria Financial Services (Euronet) Business Overview
- 11.5.3 Ria Financial Services (Euronet) Digital Cross-Border Remittance Introduction
- 11.5.4 Ria Financial Services (Euronet) Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.5.5 Ria Financial Services (Euronet) Recent Developments
- 11.6 PayPal/Xoom
- 11.6.1 PayPal/Xoom Company Details
- 11.6.2 PayPal/Xoom Business Overview
- 11.6.3 PayPal/Xoom Digital Cross-Border Remittance Introduction
- 11.6.4 PayPal/Xoom Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.6.5 PayPal/Xoom Recent Developments
- 11.7 MoneyGram
- 11.7.1 MoneyGram Company Details
- 11.7.2 MoneyGram Business Overview
- 11.7.3 MoneyGram Digital Cross-Border Remittance Introduction
- 11.7.4 MoneyGram Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.7.5 MoneyGram Recent Developments
- 11.8 Flywire
- 11.8.1 Flywire Company Details
- 11.8.2 Flywire Business Overview
- 11.8.3 Flywire Digital Cross-Border Remittance Introduction
- 11.8.4 Flywire Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.8.5 Flywire Recent Developments
- 11.9 TransferGo
- 11.9.1 TransferGo Company Details
- 11.9.2 TransferGo Business Overview
- 11.9.3 TransferGo Digital Cross-Border Remittance Introduction
- 11.9.4 TransferGo Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.9.5 TransferGo Recent Developments
- 11.10 OrbitRemit
- 11.10.1 OrbitRemit Company Details
- 11.10.2 OrbitRemit Business Overview
- 11.10.3 OrbitRemit Digital Cross-Border Remittance Introduction
- 11.10.4 OrbitRemit Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.10.5 OrbitRemit Recent Developments
- 11.11 Intermex
- 11.11.1 Intermex Company Details
- 11.11.2 Intermex Business Overview
- 11.11.3 Intermex Digital Cross-Border Remittance Introduction
- 11.11.4 Intermex Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.11.5 Intermex Recent Developments
- 11.12 Azimo
- 11.12.1 Azimo Company Details
- 11.12.2 Azimo Business Overview
- 11.12.3 Azimo Digital Cross-Border Remittance Introduction
- 11.12.4 Azimo Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.12.5 Azimo Recent Developments
- 11.13 NIUM, Inc (Instarem)
- 11.13.1 NIUM, Inc (Instarem) Company Details
- 11.13.2 NIUM, Inc (Instarem) Business Overview
- 11.13.3 NIUM, Inc (Instarem) Digital Cross-Border Remittance Introduction
- 11.13.4 NIUM, Inc (Instarem) Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.13.5 NIUM, Inc (Instarem) Recent Developments
- 11.14 TNG FinTech
- 11.14.1 TNG FinTech Company Details
- 11.14.2 TNG FinTech Business Overview
- 11.14.3 TNG FinTech Digital Cross-Border Remittance Introduction
- 11.14.4 TNG FinTech Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.14.5 TNG FinTech Recent Developments
- 11.15 Smiles/Digital Wallet Corporation
- 11.15.1 Smiles/Digital Wallet Corporation Company Details
- 11.15.2 Smiles/Digital Wallet Corporation Business Overview
- 11.15.3 Smiles/Digital Wallet Corporation Digital Cross-Border Remittance Introduction
- 11.15.4 Smiles/Digital Wallet Corporation Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.15.5 Smiles/Digital Wallet Corporation Recent Developments
- 11.16 Small World
- 11.16.1 Small World Company Details
- 11.16.2 Small World Business Overview
- 11.16.3 Small World Digital Cross-Border Remittance Introduction
- 11.16.4 Small World Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.16.5 Small World Recent Developments
- 11.17 Coins.ph
- 11.17.1 Coins.ph Company Details
- 11.17.2 Coins.ph Business Overview
- 11.17.3 Coins.ph Digital Cross-Border Remittance Introduction
- 11.17.4 Coins.ph Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.17.5 Coins.ph Recent Developments
- 11.18 SingX
- 11.18.1 SingX Company Details
- 11.18.2 SingX Business Overview
- 11.18.3 SingX Digital Cross-Border Remittance Introduction
- 11.18.4 SingX Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.18.5 SingX Recent Developments
- 11.19 FlyRemit
- 11.19.1 FlyRemit Company Details
- 11.19.2 FlyRemit Business Overview
- 11.19.3 FlyRemit Digital Cross-Border Remittance Introduction
- 11.19.4 FlyRemit Revenue in Digital Cross-Border Remittance Business (2017-2022)
- 11.19.5 FlyRemit Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
- 13.1 Research Methodology
- 13.1.1 Methodology/Research Approach
- 13.1.2 Data Source
- 13.2 Author Details
- 13.3 Disclaimer