Dallas, Texas, Jan. 31, 2020 (GLOBE NEWSWIRE) -- Global Remittance Market 2019-2026:
The increase in Urbanization and industrialization is attracting the population of various rural and semi-rural areas towards the urban part of the world. People living with their families move to different locations in search of jobs or education. There is need for transferring money from one location to another even if it is across the borders. This is a driving reason for the growth of global remittance market. There is increase in the usage and availability of smartphones and internet all over the globe. Instant online payment gateways for money transfer are making it easier for people to transfer money online and are gaining people’s trust.
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This is an advantage for the user with high privacy and security, which is a major factor helping growth of global remittance market. Companies are generating huge revenues with the online transfer fees helping the growth of global remittance market. Although there are studies stating adverse effects of remittance that is increasing income inequality as it hinders the growth of rural population financially and reducing labour supply among recipients. Although there is a risk of online money transfer through internet because of the online frauds and money laundering attacks faced by people, this may be a factor hindering the growth of global remittance market. There shows an uptrend in the global remittance market in the future because there is increasing international migration for education with benefits of scholarships to the students. Key trends of this market include increasing growing trend of mobile payments through large number of net banking or gateways options.
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The global remittance market is categorized into several segmentation including application, type, and region. Based on the application, the global remittance market is divided into Business Remittances, Public Services and Personal Remittances. Based on the type, the global remittance market is classified into Money Transfer App, Bank Money Transfer Services like net banking and others. Looping on to the regional overview, the global remittance market is a wide range to North America, USA, Canada, Mexico, Egypt, Asia Pacific, China, Japan, Korea, India, Southeast Asia, The Middle East and Africa, UAE, Turkey, Nigeria, South Africa, Argentina, Europe, France, UK, Russia, Italy, South America, Brazil, Saudi Arabia, Germany, and Columbia. Leading players of the global remittance market includes WorldRemit Ltd Ria Financial Outward Remittance, Azimo Ltd., TransferWise Ltd., Societe Generale, Xoom Corporation and The Kroger Co., and SingX Pte Ltd., Banco Bradesco SA, Euronet Worldwide, Inc., WorldRemit Ltd., InstaReM, and more others.
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Major Points From TOC:
1 Remittance Market Overview
2 Global Remittance Market Landscape by Player
3 Players Profiles of Remittance Industry
4 Global Remittance Production, Revenue (Value), Price Trend by Type
5 Global Remittance Market Analysis by Application
6 Global Remittance Production, Consumption, Export, Import by Region (2014-2019)
7 Global Remittance Production, Revenue (Value) by Region (2014-2019)
8 Remittance Manufacturing Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Remittance Market Dynamics
11 Global Remittance Market Forecast (2019-2026)
12 Research Findings and Conclusion
13 Appendix
Global Digital Remittance Market Business Overview 2019-2026:
The increase in Urbanization and industrialization is attracting the population of various rural and semi-rural areas towards the urban part of the world whether it is within borders or across. People living with their families have move to different locations in search of jobs or education or better opportunities. There is easy availability of visa now a days encouraging foreign tours for work or educational purposes. There is need for transferring money from one location to another even if it is across the borders. This is a driving reason for the growth of global digital remittance market. There is an increasing demand for advanced and secure online payment portals and gateways for handling the demand with high efficiency software and portals. It is important for these portals to be secure and safe from the online frauds and cyber-attacks. There are collaborations going on between banks and digital payment service providers for better banking services digitally.
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These are the driving factors for the growth of the global digital remittance market. As there will be advancements in the internet network coverage with high speed, good quality network and easy transfer, it will benefit the people giving banking and financial services over the net. The factors that may hinder the growth of global digital remittance is lack of awareness among the people about the services. The digital remittance is helping people by reducing time taken for transfer, and also the cost required to transfer is been lowered is another reason for growth of global digital remittance market.
The global digital remittance market is categorized into several segmentation including application, type, and region. Based on the application, the global digital remittance market is divided into online platforms, operators, banks, and others. Based on the type, the global digital remittance market is classified into inward remittance and outward remittance. Looping on to the regional overview, the global digital remittance market is a wide range to North America, USA, Canada, Mexico, Egypt, Asia Pacific, China, Japan, Korea, India, Southeast Asia, The Middle East and Africa, UAE, Turkey, Nigeria, South Africa, Argentina, Europe, France, UK, Russia, Italy, South America, Brazil, Saudi Arabia, Germany, and Columbia. Leading players of the global digital remittance market includes Regallii, Western Union Holdings, Inc., Currency Cloud, Ripple, and Mobetize Corp., Coins. Ph, Financial/ Alipay, x TNG Ltd, InstaRem PTE limited, and more others.
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Major Points From TOC:
1 Digital Remittance Market Overview
2 Global Digital Remittance Market Landscape by Player
3 Players Profiles of Digital Remittance Industry
4 Global Digital Remittance Production, Revenue (Value), Price Trend by Type
5 Global Digital Remittance Market Analysis by Application
6 Global Digital Remittance Production, Consumption, Export, Import by Region (2014-2019)
7 Global Digital Remittance Production, Revenue (Value) by Region (2014-2019)
8 Digital Remittance Manufacturing Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Digital Remittance Market Dynamics
11 Global Digital Remittance Market Forecast (2019-2026)
12 Research Findings and Conclusion
13 Appendix
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