Worldwide Remittance Market – Emerging Trends, Growth and Demand Analysis

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Global Remittance Market Report 2015 Edition
Market Research Report
No of Pages 60 Published January 2016 Single
User PDF US 1200 Publisher
Koncept Analytics
Website www.reportsweb.com
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Remittance Market Report Market Growth,
Demand Key Manufacturers Analysis
Introduction Remittance is defined as transfer
of money by an individual residing in foreign
country to his/her home country. The monetary
fund transferred by foreign migrants to their
homes represents second largest financial inflow
to the respective nation. Remittance channel is
collectively comprised of a sender, a recipient,
intermediaries in both countries, and the payment
interface used by the intermediaries. In order to
ensure greatest security during any money
transfer transaction, certain international
standards have been set by the World Bank. The
remittance system encompasses the following
components Remittance Service Providers (RSP),
Remittance Corridors, and Remittance Network and,
Money Transfer System. Remittances are playing an
increasingly large role in the economies of many
countries. They contribute to economic growth and
to the livelihoods of less prosperous
people. The key factors driving the growth of
the global Remittance Market are growing
urbanization, accelerating economic growth,
rising employment population and rapidly
increasing international migrant population. Some
of the noteworthy trends and developments of this
industry are sustainable development goals and
financing for development, expanding existing
payment system infrastructure for remittances,
unstable remittance cost, the impact of
remittance on health, education and poverty, wide
portfolio of remittance services and electronic
transactions on the rise. However, the expansion
of global remittance market is hindered by strict
regulatory compliances and access points
establishment.
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Remittance Market Report Market Growth,
Demand Key Manufacturers Analysis
The report Global Remittance Market provides an
in-depth analysis of the global market along with
a focus on all major regions. The major trends,
growth drivers as well as issues being faced by
the industry are being presented in this report.
The major players in the industry, Western Union
Company, MoneyGram International Inc. (MGI) and
Euronet Worldwide Inc. are being profiled. By
combining SPSS Inc.s data integration and
analysis capabilities with our relevant findings,
we have predicted the future growth of the
industry. We employed various significant
variables that have an impact on this industry
and created regression models with SPSS Base to
determine the future direction of the industry.
Before deploying the regression model, the
relationship between several independent or
predictor variables and the dependent variable
was analyzed using standard SPSS output,
including charts, tables and tests Table of
Content Part I Industry Overview Part II
 Global Remittance Market Part III Market
Dynamics Part IV Competitive Landscape
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Remittance Market Report Market Growth,
Demand Key Manufacturers Analysis
Part V Company Profiles 5.1 MoneyGram
International, Inc. 5.2 The Western Union
Company 5.3 Euronet Worldwide, Inc Part VIII
List of Charts Part IX List of Tables 10. 1Top
10 Domestic Bank Remittances and Implied Bank
Share of the US Remittance Market (2014) 10.2
Dependent Independent Variables
(2009-2014) 10.3 Correlation Matrix 10.4 Model
Summary - Coefficient of Determination 10.5
Regression Coefficients Output
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