Remittance Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

Remittance is when a foreigner sends money home. The remittance channel consists of the sender, recipient, intermediary in both countries, and the payment interface used by intermediaries.

Remittance Market size was estimated as $1.74 billion in 2018, with growing refugee population and rampant urbanization, the market is progressing at a CAGR of 19%,

This report focuses on the global top players, covered

• MoneyGram International Inc.
• Western Union Holdings, Inc.
• Euronet Worldwide, Inc.
• The Kroger Co.
• ABSA
• Banco Bradesco SA
• U.S. Bank

Market segment by Type, the product can be split into

• Bank Money Transfer Services
• Money Transfer App
• Others

Market segment by Application, the market can be split into

• Personal Remittances
• Business Remittances
• Public Services

Scope of the Report

The research study analyzes the global Remittance industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Remittance Market Report

1. What was the Remittance Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Remittance Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Remittance Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.