Fintech & Payments

Digital Money Transfer & Remittances Market: 2024-2028

1. Market Overview

1.1 Digital Money Transfer Introduction

Digital payments are becoming the cornerstone of cross-border, international digital money transfer and remittances market, with numerous disruptor MTOs (Money Transfer Operators) making strong progress. Cross-border transfer has evolved from being solely a sphere of migrant economies to fully fledged payment corridors, where new actors emerge presenting novel solutions to challenges involving such transactions in terms of access, cost, and speed. As such, we are now witnessing the emergence of new technologies and/or applications of them in this particular context with blockchain, stablecoins and CBDCs (Central Bank Digital Currencies) being important disruptors in the market.

1.1.1 Definition and Scope

According to KONMAD, the Global Knowledge Partnership on Migration and Development, global remittances have reached $XXX billion in the beginning of XXXX, up X.X% from $XXX billion in XXXX. The World Bank estimated remittance flows were to reach $XXX billion at a rate of X.X% until the end of XXXX.

Forecast Analysis

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Forecast Analysis comprises of:

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Forecast Analysis

£3,250
$4,420
€3,803

Forecast Analysis comprises of:

  • Benefit tick icon5-year forecasts
  • Benefit tick icon8 regions and 60 country-level data splits
  • Benefit tick iconMarket segment data splits
  • Benefit tick icon12 months of continuous data updates
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  • Benefit tick iconVendor profiles & capabilities analysis
  • Benefit tick icon5-year forecasts
  • Benefit tick icon8 regions and 60 country-level data splits
  • Benefit tick iconMarket segment data splits
  • Benefit tick icon12 months of continuous data updates

Full Research Suite

£4,250
$5,780
€4,973

Full Research Suite comprises of:

  • Benefit tick iconMarket outlook & trends analysis
  • Benefit tick iconInterviews & case studies
  • Benefit tick iconStrategic recommendations
  • Benefit tick iconCompetitor Leaderboard with 29 vendors ranked
  • Benefit tick iconVendor profiles & capabilities analysis
  • Benefit tick icon5-year forecasts
  • Benefit tick icon8 regions and 60 country-level data splits
  • Benefit tick iconMarket segment data splits
  • Benefit tick icon12 months of continuous data updates
PDF
EXCEL
ONLINE
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