Remittance Market 2020: Size, Share, Application, Regional Outlook, Competitive Strategies Analysis and Forecasts To 2025

1
Global Remittance Market

• Drivers, Restraints, Potential Growth
  Opportunities, Vendor Competitive Landscape,
  Trends and Forecast 2018

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2
Global Remittance Market Size Share Analysis
(2018-2025)

• Key trend expected to predominantly affect the
  global remittance market is the rising number of
  immigrants across the globe plus penetration of
  smartphones in emerging economies. Other trends
  contributing towards the market are increasing
  internationally migrating population, declining
  remittance costs, notable economic growth,
  increasing disposable incomes, rising refugee
  populace as well as intensifying urbanization.
  From the macroeconomic standpoint, remittances
  are capable of bolstering the demand for product
  thereby impelling the GDP as well as economic
  growth.
• Additionally, more than 60 of the remittance
  software placements are on the cloud and are
  expected to sustain its position. Cloud platforms
  are the most reliable source of collection,
  management as well as sharing of the most
  critical sensitive data of the organization
  efficiently. Thus, cloud deployment model of
  remittance is another reason to boost up the
  digital remittance market.
• Major destinations for remittance entries are the
  lower-middle regions. While, the Saudi Arabia and
  the United States are the biggest contributors to
  the global remittance industry with the support
  of better remittance outflows by migrant
  populations residing around. Moreover, online
  remittance dealers are categorized extensively as
  well as acquired by the players who are ready to
  add remittance as a feature to their larger
  platform of technology. Additionally, the market
  is vastly fragmented with the top 10 corporations
  accounting for around 20 of the global
  remittance market share in 2017. Besides, various
  small businesses have successfully managed to
  enter the market in past few years due to less
  access barriers. Some of the other remittance
  countries are the United States, Saudi Arabia,
  United Arab Emirates, United Kingdom, Canada,
  Germany, France, Russia, Spain and Italy.

3
Global Remittance Market Size Share Analysis
(2018-2025)

• The remittance industry is presently consolidated
  as well as concentrated with names like PayPal,
  Western Union, Xoom, MoneyGram and to a lesser
  extent RIA among others. Moreover, since past
  five years, market has experienced a new wave of
  players and a transformed drive towards
  digitizing global remittance industry. Besides,
  user-friendly mobile applications, smarter
  methods of connecting to native payments methods
  as well as innovative business models are also
  developing. Also, these money transfer
  enterprises are joining hands with mobile money
  providers for fund transfer processes. However
  some companies are also using crypto currencies
  as an immediate settlement instrument (aid in
  lessening the need of keeping bank accounts in
  several countries) plus technologies like
  artificial intelligence (AI) as well as digital
  identity authentication offer possibly more
  effective ways of fulfilling the broad
  fragmented requirements of the respective
  government enabling companies to deliver
  value-added service to their customers.
• For instance In January 2017, MoneyGram agreed
  to amalgamate with a sister concern of Chinas
  Alibaba Group, known as Ant Financial. However
  that tender was outdone in March by Euronet
  Worldwide. Further, both these companies entered
  into an amended merger agreement, by raising
  purchasing price of around 1.2 billion in April.
  Though, the agreement was not accepted by the
  U.S. regulating officials.
• Browse the complete report on _at_
  https//www.adroitmarketresearch.com/industry-repo
  rts/remittance-market

4
Global Remittance Market Size Share Analysis
(2018-2025)

• Several digital-first remittance new entrants are
  including new technological developments for
  instance blockchain as well as peer-to-peer
  transfer structures. In addition, since past few
  years, startups coming in have effectively
  leveraged these digital platforms via traditional
  remittance providers over scale fees.
• Moreover, blockchain is amongst the key
  underlying technologies that have the capability
  to transform money transfer business. Even
  though, many of the financial institutions
  including money exchanges are still hesitant to
  forego traditional cash transfer methods over the
  digital currency system. One of the major
  challenges that can hinder the market include
  de-risking practices. This can threaten the
  remittance industry across the globe.
• Remittance is a system of online transaction of
  payments sent by migrants to their relatives
  living in the native states. The remittance
  market plays a very significant role towards the
  growth of the economy and living across the
  globe. Also, global remittance industry inflows
  in emerging economies creating an outstanding
  share in the gross domestic product (GDPs) of the
  respective country. Besides driving the economic
  growth as well as GDP of the country, digital or
  online remittance from the macroeconomics
  perspective, are also capable of boosting the
  overall demand.

5
Global Remittance Market Size Share Analysis
(2018-2025)

• What to expect from the Global Remittance
  Market report
• The growth prospects of global remittance market
  during the forecast period.
• Current trends, driving factors, opportunities,
  challenges and restraints affecting the growth of
  the industry.
• Analysis over different segmentation of the
  market based on geographical factors, economic
  factors, end users and applications is provided.
• The government initiatives towards various
  technological developments supporting the market.
• Key players involved in the global remittance
  market and developments made by them has also
  been delivered in the report.
• Purchase a single user copy of the global
  Remittance market report_at_ https//www.adroitmarket
  research.com/researchreport/purchase/37

6
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