[February 20, 2019] |
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Global Remittances (Money Transfer) Market Analysis & Outlook (2019-2023) with PayPal, Western Union, Euronet, and MoneyGram International Dominating - ResearchAndMarkets.com
The "Global
Remittances (Money Transfer) Market: Industry Analysis & Outlook
(2019-2023)" report has been added to ResearchAndMarkets.com's
offering.
Remittance is referred as the money sent by immigrants to their
families residing in their native countries. Remittance market plays a
vital role in the economic growth and livelihoods of people across the
world. Remittance inflows in developing countries make a notable share
in their GDPs. Remittance market is completely dependent on the migrated
population living across the world.
The global remittance market is booming at a lucrative CAGR over the
years. Lower-middle income regions act as the major sources of
remittance inflow whereas high income regions are usually the sources of
remittance outflows. East Asia and Pacific acquired the lion's share in
global inflow of remittances. In terms of countries, India remained the
largest remittance receiving country followed by China. The U.S.
persisted as the largest source of remittance outflow.
Decreasing remittances costs and increasing number of international
immigrants are the key drivers for market growth. Additionally, the
number of refugees increases every year seeking shelter and better
livelihoods in other countries. These immigrants and refugees send high
amount of remittances to their families residing overseas.
In terms of competition, key players of the market include PayPal
Holdings, Western Union (News - Alert), Euronet, and MoneyGram International. These
firms have huge volumes of cross border transactions. But many
international organizations are pressuring the Banks and MTOs to reduce
remittance fee, affecting their revenues. This is allowing new entrants
to position against the existing players as new entrants an lower
remittance fees as a tangible differentiator.
Topics Covered
1. Overview
1.1 Remittance
1.2 Components of Remittance Marketplace
1.3 Remittance Market Value Chain
2. Remittance Market Analysis
2.1 Global Remittance Inflow
2.2 Global Remittance Inflow Forecast
2.3 Global Remittance Inflow to Low-Middle Income Region
2.4 Global Remittance Inflow to Low-Middle Income Region Forecast
2.5 Global Remittance Inflow by Countries
2.5.1 India Remittance Inflow Forecast
2.5.2 China Remittance Inflow Forecast
2.5.3 Philippines Remittance Inflow Forecast
2.5.4 Mexico Remittance Inflow Forecast
2.5.5 Egypt, Arab Republic Remittance Inflow Forecast
2.6 Global Remittance Outflow by Countries
2.6.1 The U.S. Remittance Outflows Forecast
2.6.2 United Arab Emirates Remittance Outflows Forecast
2.6.3 Saudi Arabia Remittance Outflows Forecast
2.6.4 Switzerland Remittance Outflows Forecast
2.6.5 Germany Remittance Outflows Forecast
3. Lower Middle Income Regions Remittance Market Analysis
3.1 Lower Middle Income Region Remittance Inflow Share
3.2 East Asia-Pacific Remittance Inflow Forecast
3.3 South Asia Remittance Inflow Forecast
3.4 Latin America & Caribbean Remittance Inflow Forecast
3.5 Middle East & North Africa Remittance Inflow Forecast
3.6 Europe & Central Asia Remittance Inflow Forecast
3.7 Sub-Saharan Africa Remittance Inflow Forecast
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Decreasing Remittance Costs
4.1.2 Increasing International Migration
4.1.3 Improving Economic Growth
4.1.4 Increasing Youth Unemployment Rate
4.1.5 Growing Urbanization
4.1.6 Growing Population of Refugees
4.1.7 Increasing Disposable Income
4.2 Key Trends
4.2.1 Fluctuating Remittance Costs by Region
4.2.2 Average Remittance Sending Costs by G20 Countries
4.2.3 Rising Demand of Mobile Payment Transactions
4.2.4 High Pressures to Lower Remittance Fees on MTOs
4.2.5 Growing Options of Sending Money
4.3 Challenges
4.3.1 De-risking Practices
4.3.2 Government Regulations
5. Competition
5.1 Global Market
5.1.1 Revenue Comparison of Key Players
5.1.2 Market Cap Comparison of Key Players
5.1.3 Cross Border Money Transfer Volume Comparison of Key Players
5.1.4 Comparison of Services Offered by Money Transfer Operators
6. Company Profiles
6.1 PayPal Holdings Inc.
6.2 Western Union
6.3 Euronet
6.4 MoneyGram (News - Alert) International Inc.
For more information about this report visit https://www.researchandmarkets.com/research/cjft96/global?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20190220005673/en/
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