Market Research Insights

  San Francisco, 4 May 2022:   The Report  Digital Remittance Market  Size, Share & Trends Analysis Report By Type (Inward, Outward), By Channel (Banks, Money Transfer Operators, Online Platforms), By End Use, By Region, And Segment Forecasts, 2022 - 2030 The global digital remittance market size is expected to reach USD 60.05 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 15.0% from 2022 to 2030. Developments in the digital space are rapidly changing the dynamics of the digital remittance industry. Digitization can bring several benefits, including improved efficiency, convenience, transparency, access, and reduced transfer prices. Evolving customer demands with respect to cross-border remittances are expected to accentuate the market growth over the forecast period. Digital money transfer services are witnessing increased acceptance among customers in low- and medium-income economies. Furt...

  San Francisco, 31 March 2021:   The Report  Digital Remittance Market  Size, Share & Trends Analysis Report By Type (Inward, Outward), By Channel (Banks, Money Transfer Platforms, Online Platforms), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global digital remittance market size is expected to reach USD 42.46 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 13.3% from 2021 to 2028. The market growth can be attributed to the increasing transfer of money by overseas migrants to their native countries. These money transfers can be done by using digital transfer networks, such as digital wallets and easy-to-use mobile applications. Various factors, such as ease of usability and reduced user fees related to digital remittance services, are expected to contribute to market growth. Numerous benefits are offered by these services, such as lower cost of the transaction, hig...