Uncategorized

Global Digital Remittance Market 2019 by Company, Regions, Type and Application, Forecast to 2024

Press Release

Global Info Research offers a latest published report on Digital Remittance Market Analysis and Forecast 2019-2024 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

Click to view the full report TOC, figure and tables:

https://www.globalinforesearch.com/global-digital-remittance-market_p107707.html

Global Digital Remittance Market Size Was Valued At 1986.2 Million USD In 2018

 

Digital Remittance market. Digital Remittance is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet.

 

Digital remittances have the potential to engender positive development outcomes. The pure feebased cost savings that result from digital remittances could have a significant impact on immigrant workers, as well as families back home.

 

Beyond the pure fee costs, important time, reach, and security benefits accrue from digital remittances. The cost savings from digital remittances could be a meaningful boost to global GDP and have a noteworthy impact on poverty. In order for all of these positive developments to be realized, and enabling environment for digital remittances must be created.

 

Identity, connectivity, banking, and literacy solutions for all must be developed by the public and private sectors in collaboration. With the current refugee crisis, the time is ripe for digital remittances to provide enhanced economic opportunity for those that need it most.

 

In 2018, the global Digital Remittance Market Size was valued at 1986.2 million USD, and it will reach 7132.26 million USD in 2024, with a CAGR of 23.75% between 2018 and 2024.

 

Migrant labor workforce is the most important drivers to promote the global development. In future, the blockchain technology will exert far-reaching influence on the remittance market. Most of traditional bank, fintech and other financial firms have researched and tested the blockchain technology used in remittance volume. In the same time, some companies like Ant Financial/Alipay, Coins.ph, Auxesis, Bitspark, Rebit and Cashaa, have introduced their products in remittance.

 

Currently, the global Digital Remittance market is dominated by several traditional global money transfer operators (MTOs) like Western Union (WU), Ria Financial Services and MoneyGram. But the fintech like start-ups Xoom, TransferWise, WorldRemit, Remitly and Azimo, have significant impact on the global Digital Remittance market.

 

In the foreseeable future, Digital Remittance will show an optimistic upward trend. Although Digital Remittance bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage and financial support, do not enter the Digital Remittance field hastily.

For More Information On This Report, Please Visit @

https://www.globalinforesearch.com/global-digital-remittance-market_p107707.html

 

Related Information:

North America Saddle Washers Market 2019 Forecast to 2024

United States Saddle Washers Market 2019 Forecast to 2024

Asia-Pacific Saddle Washers Market 2019 Forecast to 2024

Europe Saddle Washers Market 2019 Forecast to 2024

EMEA Saddle Washers Market 2019 Forecast to 2024

Global Saddle Washers Market 2019 Forecast to 2024

China Saddle Washers Market 2019 Forecast to 2024

 

 

Customization Service of the Report :
Global Info Research provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

 

About Us:

GlobaI Info Research(GIR) is a report publisher, a customer, interest-based suppliers. Is in the best interests of our clients, they determine our every move. At the same time, we have great respect for the views of customers. With the improvement of the quality of our research, we develop custom interdisciplinary and comprehensive solution. For further development, we will do better and better. Global Info Research will with excellent professional knowledge and experience to carry out all aspects of our business. At the same time, we will thoroughly look for information, to give a more comprehensive development.

 

Contact US

Global Info Research

E-mail: [email protected]

Tel:  +86-13660489451     00852-58197708(HK)

Add:FLAT/RM A 9/F SILVERCORP INTERNATIONAL TOWER 707-713 NATHAN ROAD MONGKOK KL HONG KONG

Website: http://www.globalinforesearch.com

Related Articles

Close