Digital Cross-Border Remittance Market, Global Outlook and Forecast 2023-2029

Report ID: MMG47707 | Category: Service & Software | Pages: 105 | Format: PDF | Published Date: February 21,2023

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Report Description
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Report Summary

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.).
This report aims to provide a comprehensive presentation of the global market for Digital Cross-Border Remittance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Cross-Border Remittance. This report contains market size and forecasts of Digital Cross-Border Remittance in global, including the following market information:
Global Digital Cross-Border Remittance Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Digital Cross-Border Remittance market was valued at US$ 6421.7 million in 2022 and is projected to reach US$ 18550 million by 2029, at a CAGR of 16.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Digital Cross-Border Remittance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Digital Cross-Border Remittance Market, By Provider, 2018-2023, 2024-2029 ($ millions)
Global Digital Cross-Border Remittance Market Segment Percentages, By Provider, 2022 (%)
    Digital Money Transfer Operators
    Bank Digital Remittance
Global Digital Cross-Border Remittance Market, By End User, 2018-2023, 2024-2029 ($ millions)
Global Digital Cross-Border Remittance Market Segment Percentages, By End User, 2022 (%)
    Personal Customers
    Micro and Small Businesses
Global Digital Cross-Border Remittance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Digital Cross-Border Remittance Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Digital Cross-Border Remittance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Digital Cross-Border Remittance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Digital Cross-Border Remittance, market overview.
Chapter 2: Global Digital Cross-Border Remittance market size in revenue.
Chapter 3: Detailed analysis of Digital Cross-Border Remittance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by provider, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by end user, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Digital Cross-Border Remittance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Digital Cross-Border Remittance Market Definition
    1.2 Market Segments
        1.2.1 Market By Provider
        1.2.2 Market By End User
    1.3 Global Digital Cross-Border Remittance Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Digital Cross-Border Remittance Overall Market Size
    2.1 Global Digital Cross-Border Remittance Market Size: 2022 VS 2029
    2.2 Global Digital Cross-Border Remittance Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Digital Cross-Border Remittance Players in Global Market
    3.2 Top Global Digital Cross-Border Remittance Companies Ranked by Revenue
    3.3 Global Digital Cross-Border Remittance Revenue by Companies
    3.4 Top 3 and Top 5 Digital Cross-Border Remittance Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Digital Cross-Border Remittance Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Digital Cross-Border Remittance Players in Global Market
        3.6.1 List of Global Tier 1 Digital Cross-Border Remittance Companies
        3.6.2 List of Global Tier 2 and Tier 3 Digital Cross-Border Remittance Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Provider - Global Digital Cross-Border Remittance Market Size Markets, 2022 & 2029
        4.1.2 Digital Money Transfer Operators
        4.1.3 Bank Digital Remittance
    4.2 By Provider - Global Digital Cross-Border Remittance Revenue & Forecasts
        4.2.1 By Provider - Global Digital Cross-Border Remittance Revenue, 2018-2023
        4.2.2 By Provider - Global Digital Cross-Border Remittance Revenue, 2024-2029
        4.2.3 By Provider - Global Digital Cross-Border Remittance Revenue Market Share, 2018-2029
5 Sights By End User
    5.1 Overview
        5.1.1 By End User - Global Digital Cross-Border Remittance Market Size, 2022 & 2029
        5.1.2 Personal Customers
        5.1.3 Micro and Small Businesses
    5.2 By End User - Global Digital Cross-Border Remittance Revenue & Forecasts
        5.2.1 By End User - Global Digital Cross-Border Remittance Revenue, 2018-2023
        5.2.2 By End User - Global Digital Cross-Border Remittance Revenue, 2024-2029
        5.2.3 By End User - Global Digital Cross-Border Remittance Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Digital Cross-Border Remittance Market Size, 2022 & 2029
    6.2 By Region - Global Digital Cross-Border Remittance Revenue & Forecasts
        6.2.1 By Region - Global Digital Cross-Border Remittance Revenue, 2018-2023
        6.2.2 By Region - Global Digital Cross-Border Remittance Revenue, 2024-2029
        6.2.3 By Region - Global Digital Cross-Border Remittance Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Digital Cross-Border Remittance Revenue, 2018-2029
        6.3.2 US Digital Cross-Border Remittance Market Size, 2018-2029
        6.3.3 Canada Digital Cross-Border Remittance Market Size, 2018-2029
        6.3.4 Mexico Digital Cross-Border Remittance Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Digital Cross-Border Remittance Revenue, 2018-2029
        6.4.2 Germany Digital Cross-Border Remittance Market Size, 2018-2029
        6.4.3 France Digital Cross-Border Remittance Market Size, 2018-2029
        6.4.4 U.K. Digital Cross-Border Remittance Market Size, 2018-2029
        6.4.5 Italy Digital Cross-Border Remittance Market Size, 2018-2029
        6.4.6 Russia Digital Cross-Border Remittance Market Size, 2018-2029
        6.4.7 Nordic Countries Digital Cross-Border Remittance Market Size, 2018-2029
        6.4.8 Benelux Digital Cross-Border Remittance Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Digital Cross-Border Remittance Revenue, 2018-2029
        6.5.2 China Digital Cross-Border Remittance Market Size, 2018-2029
        6.5.3 Japan Digital Cross-Border Remittance Market Size, 2018-2029
        6.5.4 South Korea Digital Cross-Border Remittance Market Size, 2018-2029
        6.5.5 Southeast Asia Digital Cross-Border Remittance Market Size, 2018-2029
        6.5.6 India Digital Cross-Border Remittance Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Digital Cross-Border Remittance Revenue, 2018-2029
        6.6.2 Brazil Digital Cross-Border Remittance Market Size, 2018-2029
        6.6.3 Argentina Digital Cross-Border Remittance Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Digital Cross-Border Remittance Revenue, 2018-2029
        6.7.2 Turkey Digital Cross-Border Remittance Market Size, 2018-2029
        6.7.3 Israel Digital Cross-Border Remittance Market Size, 2018-2029
        6.7.4 Saudi Arabia Digital Cross-Border Remittance Market Size, 2018-2029
        6.7.5 UAE Digital Cross-Border Remittance Market Size, 2018-2029
7 Digital Cross-Border Remittance Companies Profiles
    7.1 Western Union (WU)
        7.1.1 Western Union (WU) Company Summary
        7.1.2 Western Union (WU) Business Overview
        7.1.3 Western Union (WU) Digital Cross-Border Remittance Major Product Offerings
        7.1.4 Western Union (WU) Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.1.5 Western Union (WU) Key News & Latest Developments
    7.2 Wise (TransferWise)
        7.2.1 Wise (TransferWise) Company Summary
        7.2.2 Wise (TransferWise) Business Overview
        7.2.3 Wise (TransferWise) Digital Cross-Border Remittance Major Product Offerings
        7.2.4 Wise (TransferWise) Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.2.5 Wise (TransferWise) Key News & Latest Developments
    7.3 Zepz (WorldRemit, Sendwave)
        7.3.1 Zepz (WorldRemit, Sendwave) Company Summary
        7.3.2 Zepz (WorldRemit, Sendwave) Business Overview
        7.3.3 Zepz (WorldRemit, Sendwave) Digital Cross-Border Remittance Major Product Offerings
        7.3.4 Zepz (WorldRemit, Sendwave) Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.3.5 Zepz (WorldRemit, Sendwave) Key News & Latest Developments
    7.4 Remitly
        7.4.1 Remitly Company Summary
        7.4.2 Remitly Business Overview
        7.4.3 Remitly Digital Cross-Border Remittance Major Product Offerings
        7.4.4 Remitly Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.4.5 Remitly Key News & Latest Developments
    7.5 Ria Financial Services (Euronet)
        7.5.1 Ria Financial Services (Euronet) Company Summary
        7.5.2 Ria Financial Services (Euronet) Business Overview
        7.5.3 Ria Financial Services (Euronet) Digital Cross-Border Remittance Major Product Offerings
        7.5.4 Ria Financial Services (Euronet) Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.5.5 Ria Financial Services (Euronet) Key News & Latest Developments
    7.6 PayPal/Xoom
        7.6.1 PayPal/Xoom Company Summary
        7.6.2 PayPal/Xoom Business Overview
        7.6.3 PayPal/Xoom Digital Cross-Border Remittance Major Product Offerings
        7.6.4 PayPal/Xoom Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.6.5 PayPal/Xoom Key News & Latest Developments
    7.7 MoneyGram
        7.7.1 MoneyGram Company Summary
        7.7.2 MoneyGram Business Overview
        7.7.3 MoneyGram Digital Cross-Border Remittance Major Product Offerings
        7.7.4 MoneyGram Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.7.5 MoneyGram Key News & Latest Developments
    7.8 Flywire
        7.8.1 Flywire Company Summary
        7.8.2 Flywire Business Overview
        7.8.3 Flywire Digital Cross-Border Remittance Major Product Offerings
        7.8.4 Flywire Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.8.5 Flywire Key News & Latest Developments
    7.9 TransferGo
        7.9.1 TransferGo Company Summary
        7.9.2 TransferGo Business Overview
        7.9.3 TransferGo Digital Cross-Border Remittance Major Product Offerings
        7.9.4 TransferGo Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.9.5 TransferGo Key News & Latest Developments
    7.10 OrbitRemit
        7.10.1 OrbitRemit Company Summary
        7.10.2 OrbitRemit Business Overview
        7.10.3 OrbitRemit Digital Cross-Border Remittance Major Product Offerings
        7.10.4 OrbitRemit Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.10.5 OrbitRemit Key News & Latest Developments
    7.11 Intermex
        7.11.1 Intermex Company Summary
        7.11.2 Intermex Business Overview
        7.11.3 Intermex Digital Cross-Border Remittance Major Product Offerings
        7.11.4 Intermex Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.11.5 Intermex Key News & Latest Developments
    7.12 Azimo
        7.12.1 Azimo Company Summary
        7.12.2 Azimo Business Overview
        7.12.3 Azimo Digital Cross-Border Remittance Major Product Offerings
        7.12.4 Azimo Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.12.5 Azimo Key News & Latest Developments
    7.13 NIUM, Inc (Instarem)
        7.13.1 NIUM, Inc (Instarem) Company Summary
        7.13.2 NIUM, Inc (Instarem) Business Overview
        7.13.3 NIUM, Inc (Instarem) Digital Cross-Border Remittance Major Product Offerings
        7.13.4 NIUM, Inc (Instarem) Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.13.5 NIUM, Inc (Instarem) Key News & Latest Developments
    7.14 TNG FinTech
        7.14.1 TNG FinTech Company Summary
        7.14.2 TNG FinTech Business Overview
        7.14.3 TNG FinTech Digital Cross-Border Remittance Major Product Offerings
        7.14.4 TNG FinTech Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.14.5 TNG FinTech Key News & Latest Developments
    7.15 Smiles/Digital Wallet Corporation
        7.15.1 Smiles/Digital Wallet Corporation Company Summary
        7.15.2 Smiles/Digital Wallet Corporation Business Overview
        7.15.3 Smiles/Digital Wallet Corporation Digital Cross-Border Remittance Major Product Offerings
        7.15.4 Smiles/Digital Wallet Corporation Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.15.5 Smiles/Digital Wallet Corporation Key News & Latest Developments
    7.16 Small World
        7.16.1 Small World Company Summary
        7.16.2 Small World Business Overview
        7.16.3 Small World Digital Cross-Border Remittance Major Product Offerings
        7.16.4 Small World Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.16.5 Small World Key News & Latest Developments
    7.17 Coins.ph
        7.17.1 Coins.ph Company Summary
        7.17.2 Coins.ph Business Overview
        7.17.3 Coins.ph Digital Cross-Border Remittance Major Product Offerings
        7.17.4 Coins.ph Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.17.5 Coins.ph Key News & Latest Developments
    7.18 SingX
        7.18.1 SingX Company Summary
        7.18.2 SingX Business Overview
        7.18.3 SingX Digital Cross-Border Remittance Major Product Offerings
        7.18.4 SingX Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.18.5 SingX Key News & Latest Developments
    7.19 FlyRemit
        7.19.1 FlyRemit Company Summary
        7.19.2 FlyRemit Business Overview
        7.19.3 FlyRemit Digital Cross-Border Remittance Major Product Offerings
        7.19.4 FlyRemit Digital Cross-Border Remittance Revenue in Global Market (2018-2023)
        7.19.5 FlyRemit Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Digital Cross-Border Remittance Market, Global Outlook and Forecast 2023-2029

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