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Digital Money Transfer and Remittance Market to Witness Significant Growth by 2027 with- Western Union Holdings, Inc., Euronet Worldwide Inc.

Digital Money Transfer and Remittance Market: Introduction

The Global Digital Money Transfer and Remittance Market has seen continuous development in the past couple of years and is anticipated to grow much further during 2017-2027. The exploration introduces a total evaluation of the Digital Money Transfer and Remittance market and contains Future patterns, Current Growth Factors, mindful sentiments, certainties, chronicled information, and factually bolstered and industry-approved market information.

The global digital money transfer and remittance market was valued at USD 241.7 billion in 2019 and is expected to grow at a 7.7% CAGR during the forecast period.

Competitive Analysis

The report contains an in-depth analysis of the vendor’s profile, including financial health, business units, key business priorities, SWOT, strategies, and views. 

Western Union Holdings, Inc., Euronet Worldwide Inc., PayPal (Xoom), MoneyGram International, OrbitRemit, Infibeam Avenues Limited (IAL), FlyRemit, Digital Wallet Corporation (Smiles), VayuPay, ControlBox Corp., Rootways Inc., and Cyrus, among others. 

The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant R&D investments.

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Vendors across different verticals are planning for high investments in this market, and as a result, the market is expected to grow at an impressive rate in the upcoming years. The key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, collaboration & partnerships, joint ventures, and a few other strategies to be in a strong position in the global market.

Market Segmentation Analysis

The report provides a wide-ranging evaluation of the market, providing in-depth qualitative insights, historical data, and supportable projections along with the assumptions about the Digital Money Transfer and Remittance market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, white papers, and vendor presentations. Thus, the research report represents every side of the Digital Money Transfer and Remittance market and is segmented on the basis of regional markets, offerings, applications, and end-users.

By Type- Domestic Remittance International Remittance

By Application – Business Remittance Personal Remittance Public Services Remittance

By Sales– Channel Banks Money Transfer Operators Online Platforms Others

Regional Analysis

North America held the largest Digital Money Transfer and Remittance market share in 2018 and is expected to dominate the market during the forecast period. The market will experience a steep rise in the following regions covered- North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Benefits

Digital Money Transfer and Remittance Industry companies to ensure business continuity with powerful protection by constantly checking the report and representing attractive growth opportunities for the companies. Digital Money Transfer and Remittance handles all the needs of the operators by allowing them to improve their services and concentrate on their core business. Digital Money Transfer and Remittance Market Research aims to increase business agility and reduce operational and capital expenditure with improved technology rollouts and capacity planning. The report discusses service types and regions related to this Digital Money Transfer and Remittance market. Further, the report provides details about the major challenges affecting the market growth.

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Other features of the report:

  1. Provides a thorough analysis of the key strategies with a focus on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies. 
  2. Provides valuable insights into the product portfolio, including product planning, development, and positioning. 
  3. Analyses the role of key Digital Money Transfer and Remittance market players and their partnerships along with mergers and acquisitions. 

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

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