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Remittance Market By Application (Consumption, Savings, Investment), By Remittance Channel (Banks, Money Transfer Operator, Others), By End User (Business, Personal): Global Opportunity Analysis and Industry Forecast, 2023-2032
Market Report I 2024-03-01 I 260 Pages I Allied Market Research
Remittance is referred to as money sent from one location to another via electronic payment system, mail, draft, and wire transfer. In addition, it is stated as the transfer of money by foreign migrants in their native countries by using digital transfer networks such as easy-to-use mobile applications and digital wallets. Furthermore, remittances are extremely important in the lives of migrants and their families. Sending money abroad used to be time-consuming and costly, as evidenced by the never-ending chains of intermediaries, hidden fees, and manual paperwork. With the increasing digitization of bank products, the global remittance market has been strengthened. With improvements in technology, the banking sector is constantly striving to undertake contemporary advancements that might be a resource in streamlining daily banking offerings, including international money transactions. Realtime transaction information, which can be used to facilitate the growth of the market during the forecast period, is provided by key banking solutions including online banking, ATMs, and phone banking that help banks and economic institutions reduce operating and management expenses while also allowing them to better manage their costs. Several government initiatives to support the use of remittance services have taken place over the past few years across emerging countries. In India, the government has taken the Digital India initiative to promote digital payment methods. In February 2020, the Central Bank of Brazil announced the Brazilian Instant Payment Scheme (PIX). The scheme provides its users, companies, and government bodies the opportunity to send or receive payment transfers in a couple of seconds at all times, including during nonworking days.
The electronic payment system enables immediate transactions, such as money transfers and payments. In Brazil, all financial and payment institutions authorized by the Central Bank are required to use PIX. Such favorable initiatives taken by the governments of various emerging economies will drive the growth of the global remittance market during the forecast period.
The increase in cross-border transactions and mobile-based payment channels, along with lower remittance cost & money transfer time drive the growth of the market. In addition, the rise in the adoption of banking & financial sectors across the globe fuels the growth of the market. However, a lack of awareness of digital remittance and stringent regulations to prevent rapid growth is expected to impede market growth.
Furthermore, continuous technological innovations in the digital remittance industry as well as a rise in internet and mobile penetration are expected to provide lucrative opportunities for market growth.
The global remittance market is segmented based on application, remittance channel, end user, and region. In terms of application, the market is classified into consumption, savings, and investments. By channel, it is divided into banks, money transfer operators, and others. By end user, is divided into business and personal. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the remittance market analysis are Bank of America, Citigroup Inc., JPMorgan Chase & Co., MoneyGram International, Inc., RIA Financial Services Ltd., TransferWise Ltd., UAE Exchange, Wells Fargo, Western Union Holdings Inc. and XOOM. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
-The study provides an in-depth analysis of the global usage-based insurance market forecast along with the current and future trends to explain the imminent investment pockets.
-Information about key drivers, restraints, and opportunities and their impact analysis on global usage-based insurance market trends is provided in the report.
-The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
-A quantitative analysis of the market from 2023 to 2032 is provided to determine the market potential.
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- Product Life Cycles
- Technology Trend Analysis
- New Product Development/ Product Matrix of Key Players
- Strategic Recommedations
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Remittance Channel
- Banks
- Money Transfer Operator
- Others
By End User
- Business
- Personal
By Application
- Consumption
- Savings
- Investment
By Region
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Myanmar
- Singapore
- Vietnam
- New Zealand
- Philippines
- Pakistan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Citigroup Inc.
- Ria Financial Services.
- Western Union Holdings, Inc.
- Wise Payments Limited
- UAE Exchange Centre Co.
- MoneyGram.
- Wells Fargo
- Xoom
- JPMorgan Chase & Co.
- Bank of America Corporation
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. Low intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in cross-border transactions and mobile-based payment channels
3.4.1.2. Reduced remittance cost & transfer time
3.4.1.3. Growth in adoption of banking & financial services
3.4.2. Restraints
3.4.2.1. Stringent regulations to prevent rapid growth
3.4.2.2. Lack of awareness for digital remittance
3.4.3. Opportunities
3.4.3.1. Technological innovations in the digital remittance industry
3.4.3.2. Rise in Internet and Mobile penetration
CHAPTER 4: REMITTANCE MARKET, BY APPLICATION
4.1. Overview
4.1.1. Market size and forecast
4.2. Consumption
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Savings
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Investment
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: REMITTANCE MARKET, BY REMITTANCE CHANNEL
5.1. Overview
5.1.1. Market size and forecast
5.2. Banks
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Money Transfer Operator
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Others
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: REMITTANCE MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Business
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Personal
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
CHAPTER 7: REMITTANCE MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by Application
7.2.3. Market size and forecast, by Remittance Channel
7.2.4. Market size and forecast, by End User
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by Application
7.2.5.1.2. Market size and forecast, by Remittance Channel
7.2.5.1.3. Market size and forecast, by End User
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by Application
7.2.5.2.2. Market size and forecast, by Remittance Channel
7.2.5.2.3. Market size and forecast, by End User
7.3. Europe
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by Application
7.3.3. Market size and forecast, by Remittance Channel
7.3.4. Market size and forecast, by End User
7.3.5. Market size and forecast, by country
7.3.5.1. France
7.3.5.1.1. Market size and forecast, by Application
7.3.5.1.2. Market size and forecast, by Remittance Channel
7.3.5.1.3. Market size and forecast, by End User
7.3.5.2. Germany
7.3.5.2.1. Market size and forecast, by Application
7.3.5.2.2. Market size and forecast, by Remittance Channel
7.3.5.2.3. Market size and forecast, by End User
7.3.5.3. Italy
7.3.5.3.1. Market size and forecast, by Application
7.3.5.3.2. Market size and forecast, by Remittance Channel
7.3.5.3.3. Market size and forecast, by End User
7.3.5.4. Spain
7.3.5.4.1. Market size and forecast, by Application
7.3.5.4.2. Market size and forecast, by Remittance Channel
7.3.5.4.3. Market size and forecast, by End User
7.3.5.5. UK
7.3.5.5.1. Market size and forecast, by Application
7.3.5.5.2. Market size and forecast, by Remittance Channel
7.3.5.5.3. Market size and forecast, by End User
7.3.5.6. Rest of Europe
7.3.5.6.1. Market size and forecast, by Application
7.3.5.6.2. Market size and forecast, by Remittance Channel
7.3.5.6.3. Market size and forecast, by End User
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by Application
7.4.3. Market size and forecast, by Remittance Channel
7.4.4. Market size and forecast, by End User
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by Application
7.4.5.1.2. Market size and forecast, by Remittance Channel
7.4.5.1.3. Market size and forecast, by End User
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by Application
7.4.5.2.2. Market size and forecast, by Remittance Channel
7.4.5.2.3. Market size and forecast, by End User
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by Application
7.4.5.3.2. Market size and forecast, by Remittance Channel
7.4.5.3.3. Market size and forecast, by End User
7.4.5.4. South Korea
7.4.5.4.1. Market size and forecast, by Application
7.4.5.4.2. Market size and forecast, by Remittance Channel
7.4.5.4.3. Market size and forecast, by End User
7.4.5.5. Australia
7.4.5.5.1. Market size and forecast, by Application
7.4.5.5.2. Market size and forecast, by Remittance Channel
7.4.5.5.3. Market size and forecast, by End User
7.4.5.6. Thailand
7.4.5.6.1. Market size and forecast, by Application
7.4.5.6.2. Market size and forecast, by Remittance Channel
7.4.5.6.3. Market size and forecast, by End User
7.4.5.7. Malaysia
7.4.5.7.1. Market size and forecast, by Application
7.4.5.7.2. Market size and forecast, by Remittance Channel
7.4.5.7.3. Market size and forecast, by End User
7.4.5.8. Myanmar
7.4.5.8.1. Market size and forecast, by Application
7.4.5.8.2. Market size and forecast, by Remittance Channel
7.4.5.8.3. Market size and forecast, by End User
7.4.5.9. Singapore
7.4.5.9.1. Market size and forecast, by Application
7.4.5.9.2. Market size and forecast, by Remittance Channel
7.4.5.9.3. Market size and forecast, by End User
7.4.5.10. Vietnam
7.4.5.10.1. Market size and forecast, by Application
7.4.5.10.2. Market size and forecast, by Remittance Channel
7.4.5.10.3. Market size and forecast, by End User
7.4.5.11. New Zealand
7.4.5.11.1. Market size and forecast, by Application
7.4.5.11.2. Market size and forecast, by Remittance Channel
7.4.5.11.3. Market size and forecast, by End User
7.4.5.12. Philippines
7.4.5.12.1. Market size and forecast, by Application
7.4.5.12.2. Market size and forecast, by Remittance Channel
7.4.5.12.3. Market size and forecast, by End User
7.4.5.13. Pakistan
7.4.5.13.1. Market size and forecast, by Application
7.4.5.13.2. Market size and forecast, by Remittance Channel
7.4.5.13.3. Market size and forecast, by End User
7.4.5.14. Rest of Asia-Pacific
7.4.5.14.1. Market size and forecast, by Application
7.4.5.14.2. Market size and forecast, by Remittance Channel
7.4.5.14.3. Market size and forecast, by End User
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by Application
7.5.3. Market size and forecast, by Remittance Channel
7.5.4. Market size and forecast, by End User
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by Application
7.5.5.1.2. Market size and forecast, by Remittance Channel
7.5.5.1.3. Market size and forecast, by End User
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by Application
7.5.5.2.2. Market size and forecast, by Remittance Channel
7.5.5.2.3. Market size and forecast, by End User
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by Application
7.5.5.3.2. Market size and forecast, by Remittance Channel
7.5.5.3.3. Market size and forecast, by End User
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
9.1. Bank of America Corporation
9.1.1. Company overview
9.1.2. Key executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. Citigroup Inc.
9.2.1. Company overview
9.2.2. Key executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. JPMorgan Chase & Co.
9.3.1. Company overview
9.3.2. Key executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. MoneyGram.
9.4.1. Company overview
9.4.2. Key executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Ria Financial Services.
9.5.1. Company overview
9.5.2. Key executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. UAE Exchange Centre Co.
9.6.1. Company overview
9.6.2. Key executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Wells Fargo
9.7.1. Company overview
9.7.2. Key executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.7.7. Key strategic moves and developments
9.8. Western Union Holdings, Inc.
9.8.1. Company overview
9.8.2. Key executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.8.7. Key strategic moves and developments
9.9. Wise Payments Limited
9.9.1. Company overview
9.9.2. Key executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.9.7. Key strategic moves and developments
9.10. Xoom
9.10.1. Company overview
9.10.2. Key executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.10.7. Key strategic moves and developments
LIST OF TABLES
TABLE 01. GLOBAL REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 02. REMITTANCE MARKET FOR CONSUMPTION, BY REGION, 2022-2032 ($BILLION)
TABLE 03. REMITTANCE MARKET FOR SAVINGS, BY REGION, 2022-2032 ($BILLION)
TABLE 04. REMITTANCE MARKET FOR INVESTMENT, BY REGION, 2022-2032 ($BILLION)
TABLE 05. GLOBAL REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 06. REMITTANCE MARKET FOR BANKS, BY REGION, 2022-2032 ($BILLION)
TABLE 07. REMITTANCE MARKET FOR MONEY TRANSFER OPERATOR, BY REGION, 2022-2032 ($BILLION)
TABLE 08. REMITTANCE MARKET FOR OTHERS, BY REGION, 2022-2032 ($BILLION)
TABLE 09. GLOBAL REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 10. REMITTANCE MARKET FOR BUSINESS, BY REGION, 2022-2032 ($BILLION)
TABLE 11. REMITTANCE MARKET FOR PERSONAL, BY REGION, 2022-2032 ($BILLION)
TABLE 12. REMITTANCE MARKET, BY REGION, 2022-2032 ($BILLION)
TABLE 13. NORTH AMERICA REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 14. NORTH AMERICA REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 15. NORTH AMERICA REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 16. NORTH AMERICA REMITTANCE MARKET, BY COUNTRY, 2022-2032 ($BILLION)
TABLE 17. U.S. REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 18. U.S. REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 19. U.S. REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 20. CANADA REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 21. CANADA REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 22. CANADA REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 23. EUROPE REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 24. EUROPE REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 25. EUROPE REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 26. EUROPE REMITTANCE MARKET, BY COUNTRY, 2022-2032 ($BILLION)
TABLE 27. FRANCE REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 28. FRANCE REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 29. FRANCE REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 30. GERMANY REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 31. GERMANY REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 32. GERMANY REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 33. ITALY REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 34. ITALY REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 35. ITALY REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 36. SPAIN REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 37. SPAIN REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 38. SPAIN REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 39. UK REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 40. UK REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 41. UK REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 42. REST OF EUROPE REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 43. REST OF EUROPE REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 44. REST OF EUROPE REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 45. ASIA-PACIFIC REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 46. ASIA-PACIFIC REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 47. ASIA-PACIFIC REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 48. ASIA-PACIFIC REMITTANCE MARKET, BY COUNTRY, 2022-2032 ($BILLION)
TABLE 49. CHINA REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 50. CHINA REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 51. CHINA REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 52. JAPAN REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 53. JAPAN REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 54. JAPAN REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 55. INDIA REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 56. INDIA REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 57. INDIA REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 58. SOUTH KOREA REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 59. SOUTH KOREA REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 60. SOUTH KOREA REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 61. AUSTRALIA REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 62. AUSTRALIA REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 63. AUSTRALIA REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 64. THAILAND REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 65. THAILAND REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 66. THAILAND REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 67. MALAYSIA REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 68. MALAYSIA REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 69. MALAYSIA REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 70. MYANMAR REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 71. MYANMAR REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 72. MYANMAR REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 73. SINGAPORE REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 74. SINGAPORE REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 75. SINGAPORE REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 76. VIETNAM REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 77. VIETNAM REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 78. VIETNAM REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 79. NEW ZEALAND REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 80. NEW ZEALAND REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 81. NEW ZEALAND REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 82. PHILIPPINES REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 83. PHILIPPINES REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 84. PHILIPPINES REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 85. PAKISTAN REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 86. PAKISTAN REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 87. PAKISTAN REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 88. REST OF ASIA-PACIFIC REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 89. REST OF ASIA-PACIFIC REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 90. REST OF ASIA-PACIFIC REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 91. LAMEA REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 92. LAMEA REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 93. LAMEA REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 94. LAMEA REMITTANCE MARKET, BY COUNTRY, 2022-2032 ($BILLION)
TABLE 95. LATIN AMERICA REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 96. LATIN AMERICA REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 97. LATIN AMERICA REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 98. MIDDLE EAST REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 99. MIDDLE EAST REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 100. MIDDLE EAST REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 101. AFRICA REMITTANCE MARKET, BY APPLICATION, 2022-2032 ($BILLION)
TABLE 102. AFRICA REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022-2032 ($BILLION)
TABLE 103. AFRICA REMITTANCE MARKET, BY END USER, 2022-2032 ($BILLION)
TABLE 104. BANK OF AMERICA CORPORATION: KEY EXECUTIVES
TABLE 105. BANK OF AMERICA CORPORATION: COMPANY SNAPSHOT
TABLE 106. BANK OF AMERICA CORPORATION: SERVICE SEGMENTS
TABLE 107. BANK OF AMERICA CORPORATION: PRODUCT PORTFOLIO
TABLE 108. BANK OF AMERICA CORPORATION: KEY STRATERGIES
TABLE 109. CITIGROUP INC.: KEY EXECUTIVES
TABLE 110. CITIGROUP INC.: COMPANY SNAPSHOT
TABLE 111. CITIGROUP INC.: SERVICE SEGMENTS
TABLE 112. CITIGROUP INC.: PRODUCT PORTFOLIO
TABLE 113. CITIGROUP INC.: KEY STRATERGIES
TABLE 114. JPMORGAN CHASE & CO.: KEY EXECUTIVES
TABLE 115. JPMORGAN CHASE & CO.: COMPANY SNAPSHOT
TABLE 116. JPMORGAN CHASE & CO.: SERVICE SEGMENTS
TABLE 117. JPMORGAN CHASE & CO.: PRODUCT PORTFOLIO
TABLE 118. JPMORGAN CHASE & CO.: KEY STRATERGIES
TABLE 119. MONEYGRAM.: KEY EXECUTIVES
TABLE 120. MONEYGRAM.: COMPANY SNAPSHOT
TABLE 121. MONEYGRAM.: SERVICE SEGMENTS
TABLE 122. MONEYGRAM.: PRODUCT PORTFOLIO
TABLE 123. MONEYGRAM.: KEY STRATERGIES
TABLE 124. RIA FINANCIAL SERVICES.: KEY EXECUTIVES
TABLE 125. RIA FINANCIAL SERVICES.: COMPANY SNAPSHOT
TABLE 126. RIA FINANCIAL SERVICES.: SERVICE SEGMENTS
TABLE 127. RIA FINANCIAL SERVICES.: PRODUCT PORTFOLIO
TABLE 128. RIA FINANCIAL SERVICES.: KEY STRATERGIES
TABLE 129. UAE EXCHANGE CENTRE CO.: KEY EXECUTIVES
TABLE 130. UAE EXCHANGE CENTRE CO.: COMPANY SNAPSHOT
TABLE 131. UAE EXCHANGE CENTRE CO.: SERVICE SEGMENTS
TABLE 132. UAE EXCHANGE CENTRE CO.: PRODUCT PORTFOLIO
TABLE 133. WELLS FARGO: KEY EXECUTIVES
TABLE 134. WELLS FARGO: COMPANY SNAPSHOT
TABLE 135. WELLS FARGO: SERVICE SEGMENTS
TABLE 136. WELLS FARGO: PRODUCT PORTFOLIO
TABLE 137. WELLS FARGO: KEY STRATERGIES
TABLE 138. WESTERN UNION HOLDINGS, INC.: KEY EXECUTIVES
TABLE 139. WESTERN UNION HOLDINGS, INC.: COMPANY SNAPSHOT
TABLE 140. WESTERN UNION HOLDINGS, INC.: SERVICE SEGMENTS
TABLE 141. WESTERN UNION HOLDINGS, INC.: PRODUCT PORTFOLIO
TABLE 142. WESTERN UNION HOLDINGS, INC.: KEY STRATERGIES
TABLE 143. WISE PAYMENTS LIMITED: KEY EXECUTIVES
TABLE 144. WISE PAYMENTS LIMITED: COMPANY SNAPSHOT
TABLE 145. WISE PAYMENTS LIMITED: SERVICE SEGMENTS
TABLE 146. WISE PAYMENTS LIMITED: PRODUCT PORTFOLIO
TABLE 147. WISE PAYMENTS LIMITED: KEY STRATERGIES
TABLE 148. XOOM: KEY EXECUTIVES
TABLE 149. XOOM: COMPANY SNAPSHOT
TABLE 150. XOOM: SERVICE SEGMENTS
TABLE 151. XOOM: PRODUCT PORTFOLIO
TABLE 152. XOOM: KEY STRATERGIES
LIST OF FIGURES
FIGURE 01. REMITTANCE MARKET, 2022-2032
FIGURE 02. SEGMENTATION OF REMITTANCE MARKET,2022-2032
FIGURE 03. TOP IMPACTING FACTORS IN REMITTANCE MARKET (2022 TO 2032)
FIGURE 04. TOP INVESTMENT POCKETS IN REMITTANCE MARKET (2023-2032)
FIGURE 05. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 06. LOW THREAT OF NEW ENTRANTS
FIGURE 07. LOW THREAT OF SUBSTITUTES
FIGURE 08. LOW INTENSITY OF RIVALRY
FIGURE 09. LOW BARGAINING POWER OF BUYERS
FIGURE 10. GLOBAL REMITTANCE MARKET:DRIVERS, RESTRAINTS AND OPPORTUNITIES
FIGURE 11. REMITTANCE MARKET, BY APPLICATION, 2022 AND 2032(%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF REMITTANCE MARKET FOR CONSUMPTION, BY COUNTRY 2022 AND 2032(%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF REMITTANCE MARKET FOR SAVINGS, BY COUNTRY 2022 AND 2032(%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF REMITTANCE MARKET FOR INVESTMENT, BY COUNTRY 2022 AND 2032(%)
FIGURE 15. REMITTANCE MARKET, BY REMITTANCE CHANNEL, 2022 AND 2032(%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF REMITTANCE MARKET FOR BANKS, BY COUNTRY 2022 AND 2032(%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF REMITTANCE MARKET FOR MONEY TRANSFER OPERATOR, BY COUNTRY 2022 AND 2032(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF REMITTANCE MARKET FOR OTHERS, BY COUNTRY 2022 AND 2032(%)
FIGURE 19. REMITTANCE MARKET, BY END USER, 2022 AND 2032(%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF REMITTANCE MARKET FOR BUSINESS, BY COUNTRY 2022 AND 2032(%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF REMITTANCE MARKET FOR PERSONAL, BY COUNTRY 2022 AND 2032(%)
FIGURE 22. REMITTANCE MARKET BY REGION, 2022 AND 2032(%)
FIGURE 23. U.S. REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 24. CANADA REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 25. FRANCE REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 26. GERMANY REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 27. ITALY REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 28. SPAIN REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 29. UK REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 30. REST OF EUROPE REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 31. CHINA REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 32. JAPAN REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 33. INDIA REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 34. SOUTH KOREA REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 35. AUSTRALIA REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 36. THAILAND REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 37. MALAYSIA REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 38. MYANMAR REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 39. SINGAPORE REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 40. VIETNAM REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 41. NEW ZEALAND REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 42. PHILIPPINES REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 43. PAKISTAN REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 44. REST OF ASIA-PACIFIC REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 45. LATIN AMERICA REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 46. MIDDLE EAST REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 47. AFRICA REMITTANCE MARKET, 2022-2032 ($BILLION)
FIGURE 48. TOP WINNING STRATEGIES, BY YEAR (2021-2024)
FIGURE 49. TOP WINNING STRATEGIES, BY DEVELOPMENT (2021-2024)
FIGURE 50. TOP WINNING STRATEGIES, BY COMPANY (2021-2024)
FIGURE 51. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 52. COMPETITIVE DASHBOARD
FIGURE 53. COMPETITIVE HEATMAP: REMITTANCE MARKET
FIGURE 54. TOP PLAYER POSITIONING, 2022
FIGURE 55. BANK OF AMERICA CORPORATION: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 56. BANK OF AMERICA CORPORATION: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 57. BANK OF AMERICA CORPORATION: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 58. CITIGROUP INC.: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 59. CITIGROUP INC.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 60. JPMORGAN CHASE & CO.: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 61. JPMORGAN CHASE & CO.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 62. JPMORGAN CHASE & CO.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 63. MONEYGRAM.: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 64. MONEYGRAM.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 65. MONEYGRAM.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 66. RIA FINANCIAL SERVICES.: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 67. RIA FINANCIAL SERVICES.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 68. RIA FINANCIAL SERVICES.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 69. WELLS FARGO: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 70. WELLS FARGO: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 71. WESTERN UNION HOLDINGS, INC.: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 72. WESTERN UNION HOLDINGS, INC.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 73. WESTERN UNION HOLDINGS, INC.: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 74. WISE PAYMENTS LIMITED: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 75. WISE PAYMENTS LIMITED: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 76. WISE PAYMENTS LIMITED: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 77. XOOM: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 78. XOOM: REVENUE SHARE BY REGION, 2022 (%)
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