Advance Market Analytics published a new research publication on “Digital Money Transfer Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Digital Money Transfer market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
Amdocs (United States), eServGlobal (Australia), Huawei (China), Mastercard (United States), Axis Bank (India), PayPal (United States), Visa (United States), Interac (Canada).
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Scope of the Report of Digital Money Transfer
The rising digitilized across the globe is one of the strongest reasons that the digital money transfer market is growing. As it is very difficult to physically go to a bank and then follow the procedure, hence becoming the inclusion of the digital medium and thus the process is gaining high momentum. The process uses a gateway and digital accounts of both the sender and receiver. The gateway makes the process secure. The digital remittance, on the other hand, can transform the local and global economy. For example, it is studied by Statista that Transaction value in the Digital Remittances segment amounts to approximately USD 95,959 Million in 2020, thus increasing the market for digital money transfer.
In August 2019, Libra announced that they are planning to use Facebook as a platform where people would be able to transfer money, and this will give both Libra, Facebook, and their associates leverage of magnified scale. This can also use Facebook cryptocurrency as a method.
The titled segments and sub-section of the market are illuminated below:
by Type (Mobile Domestic Money Transfer, Online Domestic Money Transfer, Others), Application (Consumer, Enterprise), Medium (Mobile-to-Mobile transfer (M2M), Mobile-to-Bank transfer (M2B), Mobile-to-Cash transfer (M2C)), Service (Domestic Money Transfer, International Market Transfer), Transactions Type (Direct Deposits, Credit and Debit Card Transactions, Wire Transfers, Online Bill payments), End User (Banking, Finance, Investment Institution, Others)
Growing E-Commerce Application In P2P Technology
Rising Trend of application Like Google Pay in this Industry
Digital Money Transfers has many growth opportunities precisely in the developing countries which include China and India. The Indian government is focusing to develop positive policy framework which includes Goods & service taxes, improving digital infrastructure, financial inclusion and launching payment systems such as Aadhar enabled payments, UPI & other fueling the digital payment sector.
Growing Acceptance of Online Banking
Increasing Number of Digital Devices like Smart-Phones, Mobiles Etc
Increase in Cyber-Attacks
Concern Related to Hacks in these Transactions
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Digital Money Transfer Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Digital Money Transfer market
Chapter 2: Exclusive Summary – the basic information of the Digital Money Transfer Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Digital Money Transfer
Chapter 4: Presenting the Digital Money Transfer Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Digital Money Transfer market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Digital Money Transfer Market is a valuable source of guidance for individuals and companies.
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