Remittance Market

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Remittance
Global Market Report 2024 Global Forecast 2024
2033 Market Size, Drivers, And Trends
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Remittance Market Segments
The Business Research Company segments the
remittance market segments market report as
Inward Remittance, Outward Remittance
ByByTeScohunrocelogy
Banks, Money Transfer Operators, Online Platforms
(Wallets)
BByyCFhoarnmnel
Consumption, Savings, Investment
BByy AApppplliiccaattiioonn
Business, Personal
By End. User
. .
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Market Statistics
The remittance market size has grown strongly in

• recent years. It will grow from 737.05 billion
  in 2023 to 785.92 billion in 2024 at a compound
  annual growth rate (CAGR) of 6.6. The growth in
  the historic period can be attributed to global
  migration trends, labor mobility and diaspora
  communities, economic disparities, remittance
  corridor developments, financial inclusion
  initiatives..The remittance market size is
  expected to see strong growth in the next few
  years. It will grow to 990.33 billion in 2028
  at a compound annual growth rate (CAGR) of 5.9.

990.33 B
785.9 B
737.0 B
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Key Market Drivers And Trends
Drivers Remittance Market Surges Amidst Soaring
Overseas Migration Trends Trends Innovative
Solutions Transforming Fund Transfers
Region North America was the largest region in
the remittance market in 2023.
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Top Players In The Market
Major companies operating in the remittance
market report are Ria Financial Services Ltd.,
The Kroger Co., JPMorgan Chase Co., Citigroup
Inc., Bank of America Corporation, Wells Fargo
Company, Banco Bradesco S.A., PayPal Inc., U.S.
Bancorp, Absa Group Limited, UAE Exchange,
Western Union Holdings Inc., Instarem, XE Money
Transfer, MoneyGram International Inc., Remitly
Inc., Wise Ltd., Payoneer Inc, ZEPZ, WorldRemit
Ltd, ZelleAirWallex, Skrill, OFX, CurrencyFair
Limited, Azimo Limited, Popmoney, TransferGo,
Bithumb
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