Global Money Remittance Services Market

Money Remittance Services Comprehensive Study by Type (Inward Remittance, Outward Remittance), Application (Consumption, Saving & Investments, Others (Workers Remittance)), Channel (Banks, Money Transfer Operators, Others (FinTechs)), End User (Corporate/Businesses, Personal) Players and Region - Global Market Outlook to 2030

Money Remittance Services Market by XX Submarkets | Forecast Years 2024-2030 | CAGR: 4.76%  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
About Money Remittance Services
A remittance is a money or a sum of money sent by someone working abroad to his or her family back home. It plays a large role in the economies of many countries as it contributes to the economic growth and to the livelihoods of those countries. Digital remittances have emerged with the advent of FinTech, leading to the rise of comparison platforms or aggregators. According to World Bank, in 2019, remittances were a total of USD 573 billion, of which USD 422 billion went to developing countries that involved 250 million migrant workers. Also, the top remittance recipients in 2018 were India with USD 79 billion, followed by China (USD 67 billion) and Mexico (USD 36 billion). Rapid developments in the industry and digitalization make individuals and even small-to-mid-sized companies enjoy faster, cheaper, and value-added foreign money transfer services.

AttributesDetails
Study Period2018-2030
Base Year2023
UnitValue (USD Million)
CAGR4.76%


The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Money Remittance Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.

Western Union Holdings, Inc. (United States), MoneyGram (United States), Bank of America (United States), Wells Fargo & Company (United States), TransferWise (United Kingdom), UAE Exchange (UAE), Ria Money Transfer (Euronet Worldwide) (United States), JPMorgan Chase & Co. (United States), Xoom (PayPal) (United States) and Remitly, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are WorldRemit Ltd. (United Kingdom), Azimo Ltd. (United Kingdom), Citigroup, Inc. (United States), I-Remit Inc. (Philippines) and LBC Express Inc. (Philippines).

Segmentation Overview
AMA Research has segmented the market of Global Money Remittance Services market by Type (Inward Remittance and Outward Remittance), Application (Consumption, Saving & Investments and Others (Workers Remittance)) and Region.



On the basis of geography, the market of Money Remittance Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Channel, the sub-segment i.e. Banks will boost the Money Remittance Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Corporate/Businesses will boost the Money Remittance Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Influencing Trend:
Blockchain-Based Remittances for Fast Transfer Time and Relatively Low Transaction Costs

Market Growth Drivers:
The surge in International Migrant Population and Safe, Fast & Reliable Services, Increase in Adoption of Banking & Financial Services and Growing Digitalization and Use of Internet and Mobile Phones

Challenges:
Transparency in Other Charges, Change in Government Policies, The Entry of Wallets and FinTechs in the Remittance Business and Concerns Regarding Money Laundering and Violent Activities

Restraints:
Competitive Currency Conversion Tax and Commission Fee and High Cost of Remittances to the Sender

Opportunities:
Significant Increase in Reach of the Internet, Online and Mobile Phone and Partnership with Multiple Wallets to Scale-up The Business across the Globe

Market Leaders and their expansionary development strategies
In June 2023, IndusInd Bank has today announced its partnership with Wise, the global technology company specializing in moving and managing money around the world, to offer online inward remittance services to Non Resident Indians (NRIs) residing in US and Singapore. IndusInd Bank’s multi-partner remittance service platform - Indus Fast Remit (IFR) and Wise Platform have integrated to offer multi-currency inward remittance service to NRIs. The integration of IFR and Wise Platform also marks the launch of Wise Platform, Wise’s infrastructure offering for banks and non-banks, in India. The announcement also comes as the world observes the International Day of Family Remittances
In July 2023, The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank
Money remittance services are regulated by various countries' governments for the safe and secure transfer of money. For Instance, In India, these transactions fall under the Foreign Exchange Management Act (FEMA). FEMA has put together a list of reasons for which you can send money to India or receive money (from India).

Key Target Audience
Money Remittance Services Providers, Money transfer operators, Financial Institutions, Governments, End-Use Industry and Others

About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.

Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.

The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.

Report Objectives / Segmentation Covered

By Type
  • Inward Remittance
  • Outward Remittance
By Application
  • Consumption
  • Saving & Investments
  • Others (Workers Remittance)
By Channel
  • Banks
  • Money Transfer Operators
  • Others (FinTechs)

By End User
  • Corporate/Businesses
  • Personal

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. The surge in International Migrant Population and Safe, Fast & Reliable Services
      • 3.2.2. Increase in Adoption of Banking & Financial Services
      • 3.2.3. Growing Digitalization and Use of Internet and Mobile Phones
    • 3.3. Market Challenges
      • 3.3.1. Transparency in Other Charges, Change in Government Policies
      • 3.3.2. The Entry of Wallets and FinTechs in the Remittance Business
      • 3.3.3. Concerns Regarding Money Laundering and Violent Activities
    • 3.4. Market Trends
      • 3.4.1. Blockchain-Based Remittances for Fast Transfer Time and Relatively Low Transaction Costs
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Money Remittance Services, by Type, Application, Channel, End User and Region (value) (2018-2023)
    • 5.1. Introduction
    • 5.2. Global Money Remittance Services (Value)
      • 5.2.1. Global Money Remittance Services by: Type (Value)
        • 5.2.1.1. Inward Remittance
        • 5.2.1.2. Outward Remittance
      • 5.2.2. Global Money Remittance Services by: Application (Value)
        • 5.2.2.1. Consumption
        • 5.2.2.2. Saving & Investments
        • 5.2.2.3. Others (Workers Remittance)
      • 5.2.3. Global Money Remittance Services by: Channel (Value)
        • 5.2.3.1. Banks
        • 5.2.3.2. Money Transfer Operators
        • 5.2.3.3. Others (FinTechs)
      • 5.2.4. Global Money Remittance Services by: End User (Value)
        • 5.2.4.1. Corporate/Businesses
        • 5.2.4.2. Personal
      • 5.2.5. Global Money Remittance Services Region
        • 5.2.5.1. South America
          • 5.2.5.1.1. Brazil
          • 5.2.5.1.2. Argentina
          • 5.2.5.1.3. Rest of South America
        • 5.2.5.2. Asia Pacific
          • 5.2.5.2.1. China
          • 5.2.5.2.2. Japan
          • 5.2.5.2.3. India
          • 5.2.5.2.4. South Korea
          • 5.2.5.2.5. Taiwan
          • 5.2.5.2.6. Australia
          • 5.2.5.2.7. Rest of Asia-Pacific
        • 5.2.5.3. Europe
          • 5.2.5.3.1. Germany
          • 5.2.5.3.2. France
          • 5.2.5.3.3. Italy
          • 5.2.5.3.4. United Kingdom
          • 5.2.5.3.5. Netherlands
          • 5.2.5.3.6. Rest of Europe
        • 5.2.5.4. MEA
          • 5.2.5.4.1. Middle East
          • 5.2.5.4.2. Africa
        • 5.2.5.5. North America
          • 5.2.5.5.1. United States
          • 5.2.5.5.2. Canada
          • 5.2.5.5.3. Mexico
  • 6. Money Remittance Services: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2023)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Western Union Holdings, Inc. (United States)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. MoneyGram (United States)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Bank of America (United States)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Wells Fargo & Company (United States)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. TransferWise (United Kingdom)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. UAE Exchange (UAE)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. Ria Money Transfer (Euronet Worldwide) (United States)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. JPMorgan Chase & Co. (United States)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Xoom (PayPal) (United States)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. Remitly, Inc. (United States)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
  • 7. Global Money Remittance Services Sale, by Type, Application, Channel, End User and Region (value) (2025-2030)
    • 7.1. Introduction
    • 7.2. Global Money Remittance Services (Value)
      • 7.2.1. Global Money Remittance Services by: Type (Value)
        • 7.2.1.1. Inward Remittance
        • 7.2.1.2. Outward Remittance
      • 7.2.2. Global Money Remittance Services by: Application (Value)
        • 7.2.2.1. Consumption
        • 7.2.2.2. Saving & Investments
        • 7.2.2.3. Others (Workers Remittance)
      • 7.2.3. Global Money Remittance Services by: Channel (Value)
        • 7.2.3.1. Banks
        • 7.2.3.2. Money Transfer Operators
        • 7.2.3.3. Others (FinTechs)
      • 7.2.4. Global Money Remittance Services by: End User (Value)
        • 7.2.4.1. Corporate/Businesses
        • 7.2.4.2. Personal
      • 7.2.5. Global Money Remittance Services Region
        • 7.2.5.1. South America
          • 7.2.5.1.1. Brazil
          • 7.2.5.1.2. Argentina
          • 7.2.5.1.3. Rest of South America
        • 7.2.5.2. Asia Pacific
          • 7.2.5.2.1. China
          • 7.2.5.2.2. Japan
          • 7.2.5.2.3. India
          • 7.2.5.2.4. South Korea
          • 7.2.5.2.5. Taiwan
          • 7.2.5.2.6. Australia
          • 7.2.5.2.7. Rest of Asia-Pacific
        • 7.2.5.3. Europe
          • 7.2.5.3.1. Germany
          • 7.2.5.3.2. France
          • 7.2.5.3.3. Italy
          • 7.2.5.3.4. United Kingdom
          • 7.2.5.3.5. Netherlands
          • 7.2.5.3.6. Rest of Europe
        • 7.2.5.4. MEA
          • 7.2.5.4.1. Middle East
          • 7.2.5.4.2. Africa
        • 7.2.5.5. North America
          • 7.2.5.5.1. United States
          • 7.2.5.5.2. Canada
          • 7.2.5.5.3. Mexico
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Money Remittance Services: by Type(USD Million)
  • Table 2. Money Remittance Services Inward Remittance , by Region USD Million (2018-2023)
  • Table 3. Money Remittance Services Outward Remittance , by Region USD Million (2018-2023)
  • Table 4. Money Remittance Services: by Application(USD Million)
  • Table 5. Money Remittance Services Consumption , by Region USD Million (2018-2023)
  • Table 6. Money Remittance Services Saving & Investments , by Region USD Million (2018-2023)
  • Table 7. Money Remittance Services Others (Workers Remittance) , by Region USD Million (2018-2023)
  • Table 8. Money Remittance Services: by Channel(USD Million)
  • Table 9. Money Remittance Services Banks , by Region USD Million (2018-2023)
  • Table 10. Money Remittance Services Money Transfer Operators , by Region USD Million (2018-2023)
  • Table 11. Money Remittance Services Others (FinTechs) , by Region USD Million (2018-2023)
  • Table 12. Money Remittance Services: by End User(USD Million)
  • Table 13. Money Remittance Services Corporate/Businesses , by Region USD Million (2018-2023)
  • Table 14. Money Remittance Services Personal , by Region USD Million (2018-2023)
  • Table 15. South America Money Remittance Services, by Country USD Million (2018-2023)
  • Table 16. South America Money Remittance Services, by Type USD Million (2018-2023)
  • Table 17. South America Money Remittance Services, by Application USD Million (2018-2023)
  • Table 18. South America Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 19. South America Money Remittance Services, by End User USD Million (2018-2023)
  • Table 20. Brazil Money Remittance Services, by Type USD Million (2018-2023)
  • Table 21. Brazil Money Remittance Services, by Application USD Million (2018-2023)
  • Table 22. Brazil Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 23. Brazil Money Remittance Services, by End User USD Million (2018-2023)
  • Table 24. Argentina Money Remittance Services, by Type USD Million (2018-2023)
  • Table 25. Argentina Money Remittance Services, by Application USD Million (2018-2023)
  • Table 26. Argentina Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 27. Argentina Money Remittance Services, by End User USD Million (2018-2023)
  • Table 28. Rest of South America Money Remittance Services, by Type USD Million (2018-2023)
  • Table 29. Rest of South America Money Remittance Services, by Application USD Million (2018-2023)
  • Table 30. Rest of South America Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 31. Rest of South America Money Remittance Services, by End User USD Million (2018-2023)
  • Table 32. Asia Pacific Money Remittance Services, by Country USD Million (2018-2023)
  • Table 33. Asia Pacific Money Remittance Services, by Type USD Million (2018-2023)
  • Table 34. Asia Pacific Money Remittance Services, by Application USD Million (2018-2023)
  • Table 35. Asia Pacific Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 36. Asia Pacific Money Remittance Services, by End User USD Million (2018-2023)
  • Table 37. China Money Remittance Services, by Type USD Million (2018-2023)
  • Table 38. China Money Remittance Services, by Application USD Million (2018-2023)
  • Table 39. China Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 40. China Money Remittance Services, by End User USD Million (2018-2023)
  • Table 41. Japan Money Remittance Services, by Type USD Million (2018-2023)
  • Table 42. Japan Money Remittance Services, by Application USD Million (2018-2023)
  • Table 43. Japan Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 44. Japan Money Remittance Services, by End User USD Million (2018-2023)
  • Table 45. India Money Remittance Services, by Type USD Million (2018-2023)
  • Table 46. India Money Remittance Services, by Application USD Million (2018-2023)
  • Table 47. India Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 48. India Money Remittance Services, by End User USD Million (2018-2023)
  • Table 49. South Korea Money Remittance Services, by Type USD Million (2018-2023)
  • Table 50. South Korea Money Remittance Services, by Application USD Million (2018-2023)
  • Table 51. South Korea Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 52. South Korea Money Remittance Services, by End User USD Million (2018-2023)
  • Table 53. Taiwan Money Remittance Services, by Type USD Million (2018-2023)
  • Table 54. Taiwan Money Remittance Services, by Application USD Million (2018-2023)
  • Table 55. Taiwan Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 56. Taiwan Money Remittance Services, by End User USD Million (2018-2023)
  • Table 57. Australia Money Remittance Services, by Type USD Million (2018-2023)
  • Table 58. Australia Money Remittance Services, by Application USD Million (2018-2023)
  • Table 59. Australia Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 60. Australia Money Remittance Services, by End User USD Million (2018-2023)
  • Table 61. Rest of Asia-Pacific Money Remittance Services, by Type USD Million (2018-2023)
  • Table 62. Rest of Asia-Pacific Money Remittance Services, by Application USD Million (2018-2023)
  • Table 63. Rest of Asia-Pacific Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 64. Rest of Asia-Pacific Money Remittance Services, by End User USD Million (2018-2023)
  • Table 65. Europe Money Remittance Services, by Country USD Million (2018-2023)
  • Table 66. Europe Money Remittance Services, by Type USD Million (2018-2023)
  • Table 67. Europe Money Remittance Services, by Application USD Million (2018-2023)
  • Table 68. Europe Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 69. Europe Money Remittance Services, by End User USD Million (2018-2023)
  • Table 70. Germany Money Remittance Services, by Type USD Million (2018-2023)
  • Table 71. Germany Money Remittance Services, by Application USD Million (2018-2023)
  • Table 72. Germany Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 73. Germany Money Remittance Services, by End User USD Million (2018-2023)
  • Table 74. France Money Remittance Services, by Type USD Million (2018-2023)
  • Table 75. France Money Remittance Services, by Application USD Million (2018-2023)
  • Table 76. France Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 77. France Money Remittance Services, by End User USD Million (2018-2023)
  • Table 78. Italy Money Remittance Services, by Type USD Million (2018-2023)
  • Table 79. Italy Money Remittance Services, by Application USD Million (2018-2023)
  • Table 80. Italy Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 81. Italy Money Remittance Services, by End User USD Million (2018-2023)
  • Table 82. United Kingdom Money Remittance Services, by Type USD Million (2018-2023)
  • Table 83. United Kingdom Money Remittance Services, by Application USD Million (2018-2023)
  • Table 84. United Kingdom Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 85. United Kingdom Money Remittance Services, by End User USD Million (2018-2023)
  • Table 86. Netherlands Money Remittance Services, by Type USD Million (2018-2023)
  • Table 87. Netherlands Money Remittance Services, by Application USD Million (2018-2023)
  • Table 88. Netherlands Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 89. Netherlands Money Remittance Services, by End User USD Million (2018-2023)
  • Table 90. Rest of Europe Money Remittance Services, by Type USD Million (2018-2023)
  • Table 91. Rest of Europe Money Remittance Services, by Application USD Million (2018-2023)
  • Table 92. Rest of Europe Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 93. Rest of Europe Money Remittance Services, by End User USD Million (2018-2023)
  • Table 94. MEA Money Remittance Services, by Country USD Million (2018-2023)
  • Table 95. MEA Money Remittance Services, by Type USD Million (2018-2023)
  • Table 96. MEA Money Remittance Services, by Application USD Million (2018-2023)
  • Table 97. MEA Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 98. MEA Money Remittance Services, by End User USD Million (2018-2023)
  • Table 99. Middle East Money Remittance Services, by Type USD Million (2018-2023)
  • Table 100. Middle East Money Remittance Services, by Application USD Million (2018-2023)
  • Table 101. Middle East Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 102. Middle East Money Remittance Services, by End User USD Million (2018-2023)
  • Table 103. Africa Money Remittance Services, by Type USD Million (2018-2023)
  • Table 104. Africa Money Remittance Services, by Application USD Million (2018-2023)
  • Table 105. Africa Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 106. Africa Money Remittance Services, by End User USD Million (2018-2023)
  • Table 107. North America Money Remittance Services, by Country USD Million (2018-2023)
  • Table 108. North America Money Remittance Services, by Type USD Million (2018-2023)
  • Table 109. North America Money Remittance Services, by Application USD Million (2018-2023)
  • Table 110. North America Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 111. North America Money Remittance Services, by End User USD Million (2018-2023)
  • Table 112. United States Money Remittance Services, by Type USD Million (2018-2023)
  • Table 113. United States Money Remittance Services, by Application USD Million (2018-2023)
  • Table 114. United States Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 115. United States Money Remittance Services, by End User USD Million (2018-2023)
  • Table 116. Canada Money Remittance Services, by Type USD Million (2018-2023)
  • Table 117. Canada Money Remittance Services, by Application USD Million (2018-2023)
  • Table 118. Canada Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 119. Canada Money Remittance Services, by End User USD Million (2018-2023)
  • Table 120. Mexico Money Remittance Services, by Type USD Million (2018-2023)
  • Table 121. Mexico Money Remittance Services, by Application USD Million (2018-2023)
  • Table 122. Mexico Money Remittance Services, by Channel USD Million (2018-2023)
  • Table 123. Mexico Money Remittance Services, by End User USD Million (2018-2023)
  • Table 124. Company Basic Information, Sales Area and Its Competitors
  • Table 125. Company Basic Information, Sales Area and Its Competitors
  • Table 126. Company Basic Information, Sales Area and Its Competitors
  • Table 127. Company Basic Information, Sales Area and Its Competitors
  • Table 128. Company Basic Information, Sales Area and Its Competitors
  • Table 129. Company Basic Information, Sales Area and Its Competitors
  • Table 130. Company Basic Information, Sales Area and Its Competitors
  • Table 131. Company Basic Information, Sales Area and Its Competitors
  • Table 132. Company Basic Information, Sales Area and Its Competitors
  • Table 133. Company Basic Information, Sales Area and Its Competitors
  • Table 134. Money Remittance Services: by Type(USD Million)
  • Table 135. Money Remittance Services Inward Remittance , by Region USD Million (2025-2030)
  • Table 136. Money Remittance Services Outward Remittance , by Region USD Million (2025-2030)
  • Table 137. Money Remittance Services: by Application(USD Million)
  • Table 138. Money Remittance Services Consumption , by Region USD Million (2025-2030)
  • Table 139. Money Remittance Services Saving & Investments , by Region USD Million (2025-2030)
  • Table 140. Money Remittance Services Others (Workers Remittance) , by Region USD Million (2025-2030)
  • Table 141. Money Remittance Services: by Channel(USD Million)
  • Table 142. Money Remittance Services Banks , by Region USD Million (2025-2030)
  • Table 143. Money Remittance Services Money Transfer Operators , by Region USD Million (2025-2030)
  • Table 144. Money Remittance Services Others (FinTechs) , by Region USD Million (2025-2030)
  • Table 145. Money Remittance Services: by End User(USD Million)
  • Table 146. Money Remittance Services Corporate/Businesses , by Region USD Million (2025-2030)
  • Table 147. Money Remittance Services Personal , by Region USD Million (2025-2030)
  • Table 148. South America Money Remittance Services, by Country USD Million (2025-2030)
  • Table 149. South America Money Remittance Services, by Type USD Million (2025-2030)
  • Table 150. South America Money Remittance Services, by Application USD Million (2025-2030)
  • Table 151. South America Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 152. South America Money Remittance Services, by End User USD Million (2025-2030)
  • Table 153. Brazil Money Remittance Services, by Type USD Million (2025-2030)
  • Table 154. Brazil Money Remittance Services, by Application USD Million (2025-2030)
  • Table 155. Brazil Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 156. Brazil Money Remittance Services, by End User USD Million (2025-2030)
  • Table 157. Argentina Money Remittance Services, by Type USD Million (2025-2030)
  • Table 158. Argentina Money Remittance Services, by Application USD Million (2025-2030)
  • Table 159. Argentina Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 160. Argentina Money Remittance Services, by End User USD Million (2025-2030)
  • Table 161. Rest of South America Money Remittance Services, by Type USD Million (2025-2030)
  • Table 162. Rest of South America Money Remittance Services, by Application USD Million (2025-2030)
  • Table 163. Rest of South America Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 164. Rest of South America Money Remittance Services, by End User USD Million (2025-2030)
  • Table 165. Asia Pacific Money Remittance Services, by Country USD Million (2025-2030)
  • Table 166. Asia Pacific Money Remittance Services, by Type USD Million (2025-2030)
  • Table 167. Asia Pacific Money Remittance Services, by Application USD Million (2025-2030)
  • Table 168. Asia Pacific Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 169. Asia Pacific Money Remittance Services, by End User USD Million (2025-2030)
  • Table 170. China Money Remittance Services, by Type USD Million (2025-2030)
  • Table 171. China Money Remittance Services, by Application USD Million (2025-2030)
  • Table 172. China Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 173. China Money Remittance Services, by End User USD Million (2025-2030)
  • Table 174. Japan Money Remittance Services, by Type USD Million (2025-2030)
  • Table 175. Japan Money Remittance Services, by Application USD Million (2025-2030)
  • Table 176. Japan Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 177. Japan Money Remittance Services, by End User USD Million (2025-2030)
  • Table 178. India Money Remittance Services, by Type USD Million (2025-2030)
  • Table 179. India Money Remittance Services, by Application USD Million (2025-2030)
  • Table 180. India Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 181. India Money Remittance Services, by End User USD Million (2025-2030)
  • Table 182. South Korea Money Remittance Services, by Type USD Million (2025-2030)
  • Table 183. South Korea Money Remittance Services, by Application USD Million (2025-2030)
  • Table 184. South Korea Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 185. South Korea Money Remittance Services, by End User USD Million (2025-2030)
  • Table 186. Taiwan Money Remittance Services, by Type USD Million (2025-2030)
  • Table 187. Taiwan Money Remittance Services, by Application USD Million (2025-2030)
  • Table 188. Taiwan Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 189. Taiwan Money Remittance Services, by End User USD Million (2025-2030)
  • Table 190. Australia Money Remittance Services, by Type USD Million (2025-2030)
  • Table 191. Australia Money Remittance Services, by Application USD Million (2025-2030)
  • Table 192. Australia Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 193. Australia Money Remittance Services, by End User USD Million (2025-2030)
  • Table 194. Rest of Asia-Pacific Money Remittance Services, by Type USD Million (2025-2030)
  • Table 195. Rest of Asia-Pacific Money Remittance Services, by Application USD Million (2025-2030)
  • Table 196. Rest of Asia-Pacific Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 197. Rest of Asia-Pacific Money Remittance Services, by End User USD Million (2025-2030)
  • Table 198. Europe Money Remittance Services, by Country USD Million (2025-2030)
  • Table 199. Europe Money Remittance Services, by Type USD Million (2025-2030)
  • Table 200. Europe Money Remittance Services, by Application USD Million (2025-2030)
  • Table 201. Europe Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 202. Europe Money Remittance Services, by End User USD Million (2025-2030)
  • Table 203. Germany Money Remittance Services, by Type USD Million (2025-2030)
  • Table 204. Germany Money Remittance Services, by Application USD Million (2025-2030)
  • Table 205. Germany Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 206. Germany Money Remittance Services, by End User USD Million (2025-2030)
  • Table 207. France Money Remittance Services, by Type USD Million (2025-2030)
  • Table 208. France Money Remittance Services, by Application USD Million (2025-2030)
  • Table 209. France Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 210. France Money Remittance Services, by End User USD Million (2025-2030)
  • Table 211. Italy Money Remittance Services, by Type USD Million (2025-2030)
  • Table 212. Italy Money Remittance Services, by Application USD Million (2025-2030)
  • Table 213. Italy Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 214. Italy Money Remittance Services, by End User USD Million (2025-2030)
  • Table 215. United Kingdom Money Remittance Services, by Type USD Million (2025-2030)
  • Table 216. United Kingdom Money Remittance Services, by Application USD Million (2025-2030)
  • Table 217. United Kingdom Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 218. United Kingdom Money Remittance Services, by End User USD Million (2025-2030)
  • Table 219. Netherlands Money Remittance Services, by Type USD Million (2025-2030)
  • Table 220. Netherlands Money Remittance Services, by Application USD Million (2025-2030)
  • Table 221. Netherlands Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 222. Netherlands Money Remittance Services, by End User USD Million (2025-2030)
  • Table 223. Rest of Europe Money Remittance Services, by Type USD Million (2025-2030)
  • Table 224. Rest of Europe Money Remittance Services, by Application USD Million (2025-2030)
  • Table 225. Rest of Europe Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 226. Rest of Europe Money Remittance Services, by End User USD Million (2025-2030)
  • Table 227. MEA Money Remittance Services, by Country USD Million (2025-2030)
  • Table 228. MEA Money Remittance Services, by Type USD Million (2025-2030)
  • Table 229. MEA Money Remittance Services, by Application USD Million (2025-2030)
  • Table 230. MEA Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 231. MEA Money Remittance Services, by End User USD Million (2025-2030)
  • Table 232. Middle East Money Remittance Services, by Type USD Million (2025-2030)
  • Table 233. Middle East Money Remittance Services, by Application USD Million (2025-2030)
  • Table 234. Middle East Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 235. Middle East Money Remittance Services, by End User USD Million (2025-2030)
  • Table 236. Africa Money Remittance Services, by Type USD Million (2025-2030)
  • Table 237. Africa Money Remittance Services, by Application USD Million (2025-2030)
  • Table 238. Africa Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 239. Africa Money Remittance Services, by End User USD Million (2025-2030)
  • Table 240. North America Money Remittance Services, by Country USD Million (2025-2030)
  • Table 241. North America Money Remittance Services, by Type USD Million (2025-2030)
  • Table 242. North America Money Remittance Services, by Application USD Million (2025-2030)
  • Table 243. North America Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 244. North America Money Remittance Services, by End User USD Million (2025-2030)
  • Table 245. United States Money Remittance Services, by Type USD Million (2025-2030)
  • Table 246. United States Money Remittance Services, by Application USD Million (2025-2030)
  • Table 247. United States Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 248. United States Money Remittance Services, by End User USD Million (2025-2030)
  • Table 249. Canada Money Remittance Services, by Type USD Million (2025-2030)
  • Table 250. Canada Money Remittance Services, by Application USD Million (2025-2030)
  • Table 251. Canada Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 252. Canada Money Remittance Services, by End User USD Million (2025-2030)
  • Table 253. Mexico Money Remittance Services, by Type USD Million (2025-2030)
  • Table 254. Mexico Money Remittance Services, by Application USD Million (2025-2030)
  • Table 255. Mexico Money Remittance Services, by Channel USD Million (2025-2030)
  • Table 256. Mexico Money Remittance Services, by End User USD Million (2025-2030)
  • Table 257. Research Programs/Design for This Report
  • Table 258. Key Data Information from Secondary Sources
  • Table 259. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global Money Remittance Services: by Type USD Million (2018-2023)
  • Figure 5. Global Money Remittance Services: by Application USD Million (2018-2023)
  • Figure 6. Global Money Remittance Services: by Channel USD Million (2018-2023)
  • Figure 7. Global Money Remittance Services: by End User USD Million (2018-2023)
  • Figure 8. South America Money Remittance Services Share (%), by Country
  • Figure 9. Asia Pacific Money Remittance Services Share (%), by Country
  • Figure 10. Europe Money Remittance Services Share (%), by Country
  • Figure 11. MEA Money Remittance Services Share (%), by Country
  • Figure 12. North America Money Remittance Services Share (%), by Country
  • Figure 13. Global Money Remittance Services share by Players 2023 (%)
  • Figure 14. Global Money Remittance Services share by Players (Top 3) 2023(%)
  • Figure 15. Global Money Remittance Services share by Players (Top 5) 2023(%)
  • Figure 16. BCG Matrix for key Companies
  • Figure 17. Western Union Holdings, Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 18. Western Union Holdings, Inc. (United States) Revenue: by Geography 2023
  • Figure 19. MoneyGram (United States) Revenue, Net Income and Gross profit
  • Figure 20. MoneyGram (United States) Revenue: by Geography 2023
  • Figure 21. Bank of America (United States) Revenue, Net Income and Gross profit
  • Figure 22. Bank of America (United States) Revenue: by Geography 2023
  • Figure 23. Wells Fargo & Company (United States) Revenue, Net Income and Gross profit
  • Figure 24. Wells Fargo & Company (United States) Revenue: by Geography 2023
  • Figure 25. TransferWise (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 26. TransferWise (United Kingdom) Revenue: by Geography 2023
  • Figure 27. UAE Exchange (UAE) Revenue, Net Income and Gross profit
  • Figure 28. UAE Exchange (UAE) Revenue: by Geography 2023
  • Figure 29. Ria Money Transfer (Euronet Worldwide) (United States) Revenue, Net Income and Gross profit
  • Figure 30. Ria Money Transfer (Euronet Worldwide) (United States) Revenue: by Geography 2023
  • Figure 31. JPMorgan Chase & Co. (United States) Revenue, Net Income and Gross profit
  • Figure 32. JPMorgan Chase & Co. (United States) Revenue: by Geography 2023
  • Figure 33. Xoom (PayPal) (United States) Revenue, Net Income and Gross profit
  • Figure 34. Xoom (PayPal) (United States) Revenue: by Geography 2023
  • Figure 35. Remitly, Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 36. Remitly, Inc. (United States) Revenue: by Geography 2023
  • Figure 37. Global Money Remittance Services: by Type USD Million (2025-2030)
  • Figure 38. Global Money Remittance Services: by Application USD Million (2025-2030)
  • Figure 39. Global Money Remittance Services: by Channel USD Million (2025-2030)
  • Figure 40. Global Money Remittance Services: by End User USD Million (2025-2030)
  • Figure 41. South America Money Remittance Services Share (%), by Country
  • Figure 42. Asia Pacific Money Remittance Services Share (%), by Country
  • Figure 43. Europe Money Remittance Services Share (%), by Country
  • Figure 44. MEA Money Remittance Services Share (%), by Country
  • Figure 45. North America Money Remittance Services Share (%), by Country
List of companies from research coverage that are profiled in the study
  • Western Union Holdings, Inc. (United States)
  • MoneyGram (United States)
  • Bank of America (United States)
  • Wells Fargo & Company (United States)
  • TransferWise (United Kingdom)
  • UAE Exchange (UAE)
  • Ria Money Transfer (Euronet Worldwide) (United States)
  • JPMorgan Chase & Co. (United States)
  • Xoom (PayPal) (United States)
  • Remitly, Inc. (United States)
Additional players considered in the study are as follows:
WorldRemit Ltd. (United Kingdom) , Azimo Ltd. (United Kingdom) , Citigroup, Inc. (United States) , I-Remit Inc. (Philippines) , LBC Express Inc. (Philippines)
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Key Highlights of Report


Apr 2024 201 Pages 94 Tables Base Year: 2023 Coverage: 15+ Companies; 18 Countries

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Global Money Remittance Services Market Quantitative research analysis
Global Money Remittance Services Market Qualitative Industry Analysis
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Frequently Asked Questions (FAQ):

The standard version of the report profiles players such as Western Union Holdings, Inc. (United States), MoneyGram (United States), Bank of America (United States), Wells Fargo & Company (United States), TransferWise (United Kingdom), UAE Exchange (UAE), Ria Money Transfer (Euronet Worldwide) (United States), JPMorgan Chase & Co. (United States), Xoom (PayPal) (United States) and Remitly, Inc. (United States) etc.
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
"Blockchain-Based Remittances for Fast Transfer Time and Relatively Low Transaction Costs" is seen as one of major influencing trends for Money Remittance Services Market during projected period 2023-2030.
The Money Remittance Services market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete company list in our research coverage.

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