The Global Digital Money Transfer and Remittances Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Digital Money Transfer and Remittances Market Definition:
Digital money exists purely in electronic form. Digital money isn’t a tangible sort of a bill or a coin. it’s accounted for and transferred using computers. the foremost successful and widely-used sort of digital money is that the cryptocurrency Bitcoin. Digital money is exchanged using technologies like smartphones, credit cards, and online cryptocurrency exchanges A remittance may be a payment of cash that’s transferred to a different party. broadly, any payment of an invoice or a bill is often called a remittance. However, the term is most frequently used nowadays to explain a sum of cash sent by someone working abroad to his or her family back home.
Digital Money Transfer and Remittances Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028. Over the recent years, Digital Money Transfer and Remittance market have been witnessing considerable growth on the rear of accelerating growing urban and working population align with rising income and old population growing urbanization and Escalating application of POS systems during a number of industries like Retail, Restaurants, Healthcare, Transportation, E-commerce, among various others and on the opposite hand the ever-rising working population is diverting the buyer towards the digital payment. Amongst the countries, China accounts for the most important share within the Global Digital Money Transfer & Remittance Market in 2018.
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Key players:
Azimo
InstaReM
Coins.ph
Remitly
WorldRemit
Western Union (WU)
TransferGo
MoneyGram
Ria Financial Services
TNG Wallet
Ant Financial/Alipay
PayPal/Xoom
TransferWise
On the basis of Types:
Domestic Money Transfer
International Money Transfer
On the basis of Applications:
Consumer
Enterprise
Geographically, the detailed analysis of production, trade of the following countries is covered:
United States
Europe
China
Japan
India
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- Visualize the composition of the global digital money transfer & remittances market products in terms of product type, channel, and application highlighting the critical commercial assets and players.
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