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Global Digital Money Transfer & Remittance Market - Analysis By

Type (Domestic, International), By Application (Consumer,

Enterprise): Sizing, Growth, Opportunities and Forecast (2019-2024)

• By Type: Domestic Money Transfer, International Money

Transfer

• By Application: Consumer, Enterprise

• By Region: North America, Europe, APAC, ROW

• By Country: US, Canada, Germany, UK & China

September 2019

2

Historical Period 2017 - 2018

Forecast Period 2019 - 2024

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By Type

Domestic Money Transfer

International Money Transfer

By Application

Consumer

Enterprise

Regional Analysiso North Americao Europeo APACo ROW

Country Analysis o USAo Canadao UKo Germanyo China

Global Market

2017 – 2024Base Year: 2018

Sample: Global Digital Money Transfer & Remittance Market– Analysis By Type, By Application

Scope of the Report – Global Digital Money Transfer & Remittance Market

3

2017 2018 2019 2020 2021 2022 2023 2024

Glo

bal

Market (By Value)

By Type,

Domestic

International

By Application

Consumer

Enterprise

Regio

nal

Market (By Value)

By Type,

Domestic

International

By Application,

Consumer

Enterprise

Historical Forecast

Scope of the Report – Global Digital Money Transfer & Remittance Market

4

2017 2018 2019 2020 2021 2022 2023 2024

Countr

y

Market (By Value)

By Type,

Domestic

International

By Application

Consumer

Enterprise

Company AnalysisPayPal Inc., Avenues Payments India Pvt. Ltd., MoneyGram International Inc., Western Union Co., Ria Financial Co.

Regional Analysis North America, Europe, APAC and ROW

Country Analysis U.S, Canada, Germany, U.K & China

Historical Forecast

Table of Content

S.No Particulars Page No.

1. Research Methodology 21

2. Executive Summary 22

3. Strategic Recommendation 23

3.1 Focus on online retail 24

3.2 Focus on the APAC region 25

4. Digital Money Transfer & Remittance Market – Product Outlook 26

5. Global Digital Money Transfer & Remittance Market : An Analysis 28

5.1 Global Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billions) 29

5.2 Global Economic & Industrial Statistics 32

5.3 Global Digital Money Transfer & Remittance Market: Segmental Analysis 42

5.3.1 Global Digital Money Transfer & Remittance Market, By Type 44

5.3.2 Global Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 45

5.3.3 Market Opportunity of Global Digital Money Transfer & Remittance Market – By Type (Year- 2024) 48

5.3.4 Global Digital Money Transfer & Remittance Market Share– By Application 50

5.3.5Global Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)

51

5

Table of Content


5.3.6Market Opportunity of Global Digital Money Transfer & Remittance Market – By Application (Year-2024)

54

6. Global Digital Money Transfer & Remittance Market : Regional Analysis 55

6.1 Global Digital Money Transfer & Remittance Market Share, By Region, 2018 (%) 56

6.2 Global Digital Money Transfer & Remittance Market Share, By Region, 2024 (%) 57

6.3 Market Opportunity Chart of Global Digital Money Transfer & Remittance Market - By Region (Year- 2024) 58

7. North America Digital Money Transfer & Remittance Market : An Analysis 59

7.1 North America Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion) 60

7.2 North America Economic & Industrial Statistics 62

7.3 North America Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 70

7.4 North America Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 72

7.5 North America Digital Money Transfer & Remittance Market : Country Analysis 73

7.5.1 North America Digital Money Transfer & Remittance Market - Country Share 74

7.5.2United States Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion)

76

7.5.3 United States Economic & Industrial Statistics 78

7.5.4 US Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 82

6

Table of Content


7.5.5US Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)

83

7.5.6 Canada Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion) 85

7.5.7 Canada Economic & Industrial Statistics 87

7.5.8Canada Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)

90

7.5.9Canada Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)

91

8. Europe Digital Money Transfer & Remittance Market : An Analysis 92

8.1 Europe Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion) 93

8.2 Europe Economic & Industrial Statistics 95

8.3 Europe Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 100

8.4 Europe Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 102

8.5 Europe Digital Money Transfer & Remittance Market : Country Analysis 103

8.5.1 Europe Digital Money Transfer & Remittance Market - Country Share 104

8.5.2 UK Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion) 106

8.5.3 UK Economic & Industrial Statistics 108

8.5.4 UK Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 111

7

Table of Content


8.5.5UK Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)

112

8.5.6 Germany Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion) 114

8.5.7 Germany Economic & Industrial Statistics 116

8.5.8Germany Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)

119

8.5.9Germany Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)

120

9. Asia Pacific Digital Money Transfer & Remittance Market : An Analysis 121

9.1 Asia Pacific Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion) 122

9.2 Asia Pacific Economic & Industrial Statistics 124

9.3 Asia Pacific Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 128

9.4 Asia Pacific Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 130

9.5 Asia Pacific Digital Money Transfer & Remittance Market : Country Analysis 131

9.5.1 Asia Pacific Digital Money Transfer & Remittance Market - Country Share 132

9.5.2 China Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion) 134

9.5.3 China Economic & Industrial Statistics 136

9.5.4China Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)

139

8

Table of Content


9.5.5China Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)

140

10. Rest Of The World Digital Money Transfer & Remittance Market : An Analysis 141

10.1 ROW Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion) 142

10.2 ROW Economic & Industrial Statistics 143

10.3 ROW Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 147

10.4 ROW Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 149

11. Global Digital Money Transfer & Remittance Market Dynamics 150

11.1 Market Drivers 151

11.1.1 Growing adoption of POS Systems by Small Businesses 152

11.1.2 Enhanced convenience of payment 153

11.1.3 Escalating number of New Market Entrants 154

11.1.4 Evolution of E-commerce 155

11.2 Market Restraints 156

11.2.1 Cash Still Being the Threat 157

11.2.2 Growing threats of Cyber Crime 158

9

Table of Content


11.3 Market Trends 159

11.3.1 Partnership between banks & Companies 160

11.3.2 E-wallet emergence 161

11.4 Global Meal Replacement Market: Competitive Landscape 162

11.4.1 SWOT Analysis 163

12. Company Profiling 164

12.1 PayPal Inc. 165

12.1.1 Business Overview 165

12.1.2 Recent Developments 165

12.1.3 Financial Overview : Annual Revenue 166

12.1.4 Segmental Overview : Net Revenue 167

12.2 Avenues Payments India Pvt. Ltd. 168

12.3 MoneyGram International Inc. 169



10

Table of Content




12.4 Western Union Co. 172





12.5 Ria Financial Co. 175

13. About Us 176

11

List of Figures

Figure No. Figure Title Page No.

Figure 1: Global Digital Money Transfer & Remittance Market Size, By Value, 2017-2024 (In USD Billion) 29

Figure 2: Global GDP Growth, By Sector, 2018 (In %) 32

Figure 3: Global GDP Growth, 2018 (In %) 32

Figure 4: Global Spending on Housing, By Regions, 2018 (In USD Billion) 33

Figure 5: Global Spending on Info & Comm. Technology, By Regions, 2018 (In USD Billion) 33

Figure 6: Global Spending on Education, By Regions, 2018 (In USD Billion) 33

Figure 7: International Tourist Arrivals, By Leading Countries 2017 (In Million ) 34

Figure 8: Healthcare Expenditure (Share of GDP), By Select Country, 2014-2018 (In %) 34

Figure 9: Number of Middle Class Households Worldwide, 2014-2017 (in billion) 35

Figure 10: Global Urban Population Growth, 2014-2018 (Annual %) 35

Figure 11: Global Urban Population, 2014-2018 (% of total) 35

Figure 12: Global Spending on Food & Beverages, By Regions, 2018 (In USD Billion) 36

Figure 13: Global Expenditure on Food Per Capita, By Countries, 2016 (In USD) 36

Figure 14: Global Women Labour Force, 2014-2018 (% of Total Labour Force) 37

Figure 15: Global Consumer Spending on Eating Out, By Region, 2018 (In %) 37

Figure 16: Global International Tourists Expenditure, 2014-2017 (in Current USD) 38

Figure 17: Global International Tourism Number of Departures, 2014-2017 (In Billions) 38

Figure 18: Global International Tourism Number of Arrivals, 2014-2017 (In Billions) 38

Figure 19: Global transactions from customers to micro, small and medium retailers 39

Figure 20: Automated teller machines (ATMs), Per 100,000 adults, 2014-2018 40

12

List of FiguresFigure No. Figure Title Page No.

Figure 21: Global POS Payment Method, 2018E (In %) 41

Figure 22: Global Digital Money Transfer & Remittance Market Share, By Type, 2018 (%) 44

Figure 23: Global Digital Money Transfer & Remittance Market Share, By Type, 2024F(%) 44

Figure 24: Global Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 45

Figure 25: Market Opportunity Chart of Global Digital Money Transfer & Remittance Market - By Type (Year- 2024) 48

Figure 26: Global Digital Money Transfer & Remittance Market Share, By Application, 2018 (%) 50

Figure 27: Global Digital Money Transfer & Remittance Market Share, By Application, 2024F(%) 50

Figure 28: Global Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion) 51

Figure 29: Market Opportunity Chart of Global Digital Money Transfer & Remittance Market – By Application (Year- 2024) 54

Figure 30: Global Digital Money Transfer & Remittance Market Share, By Region, 2018 (%) 56

Figure 31: Global Digital Money Transfer & Remittance Market Share, By Region, 2024E (%) 57

Figure 32: Market Opportunity Chart of Global Digital Money Transfer & Remittance Market - By Region (Year- 2024) 58

Figure 33: North America Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion) 60

Figure 34: North America Urban Population, 2014-2017 (In % of Total) 62

Figure 35: North America International Tourism - Number of Arrivals, 2014-2017 (In Millions) 62

Figure 36: North America Health Care Expenditure, 2013-2016 (In %) 62

Figure 37: North America Final Consumption Expenditure, 2014-2017 (In Current USD, Trillion) 62

Figure 38: North America Internet Users, By Regions, 2018 (In %) 63

Figure 39: North America Internet Penetration, By Regions, 2018 (In %) 63

Figure 40: North America, e-commerce payment methods, 2018E (In %) 64

13

List of Figures


Figure 41: North America POS payment methods, 2018E (In %) 64

Figure 42: North America, Cash Usage, By Select Country, 2018E (In %) 65

Figure 43: North America, Non-cash Transaction Growth Estimates, 2015-2020E 65

Figure 44: North America POS terminals revenue, 2015-2020F (USD Billion) 65

Figure 45: Major Players in North America Digital Money Transfer Market 66

Figure 46: Americas Travel & Tourism’s Contribution to GDP, Business VS Leisure, 2018 (In %) 67

Figure 47: Americas Travel & Tourism’s Contribution to GDP, Domestic VS Foreign, 2018 (In %) 67

Figure 48: Americas Total Contribution of Travel & Tourism to GDP, 2018 (In USD Billions) 67

Figure 49: North America Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 70

Figure 50: North America Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)

72

Figure 51: North America Digital Money Transfer & Remittance Market Size, By Countries Share, 2018 (%) 74

Figure 52: North America Digital Money Transfer & Remittance Market Size, By Countries Share, 2024E (%) 74

Figure 53: United States Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion) 76

Figure 54: US’ Total Personal Consumption Expenditure, 2015-2017, (In USD Billions) 78

Figure 55: US’ Urban Population, 2014-2017 (In % of Total) 78

Figure 56: US’ Per Capita Personal Consumption Expenditure, By Sectors, 2017 (In USD) 78

Figure 57: US Arrival of International Tourists, 2014-2017 (In Millions) 78

Figure 58: US’ Total Personal Consumption Expenditures, By Products, 2017 (In %) 79

Figure 59: US’ Total Personal Consumption Expenditures, By Services, 2017 (In %) 79

Figure 60: US Total Health Expenditure as a Share of GDP, 2013-2016 (In %) 80

14

List of Figures


Figure 61: US Current Expenditure on Health, 2013-2016 (In USD Billions) 80

Figure 62: US’ Food Expenditure by Final Purchaser, 2014-2017 (In USD Billions) 81

Figure 63: US’ International Tourism Expenditure, In Current USD, 2014-2017 (In USD Billions) 81

Figure 64: US Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 82

Figure 65: US Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion) 83

Figure 66: Canada Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion) 85

Figure 67: Canada International Tourism Expenditure, In Current USD, 2014-2017 (In USD Billions) 87

Figure 68: Canada Urban Population, 2014-2017 (In % of Total) 87

Figure 69: Canada Final Consumption Expenditure, In Current USD, 2014-2017 (In Trillion) 87

Figure 70: Canada Arrival of International Tourists, 2014-2017 (In Millions) 87

Figure 71: Canada Total Average Expenditure Per Household, 2013-2017 (In USD) 88

Figure 72: Canada Total Average Food Expenditure Per Household, 2013-2017 (In USD) 88

Figure 73: Canada Total Retail Total & Ecommerce Total Sales, 2013-2017 (In USD Billion) 89

Figure 74: Canada Ecommerce Sales, 2013-2017 (In % of Total Sales) 89

Figure 75: Canada Total Health Expenditure as a Share of GDP, 2013-2016 (In %) 89

Figure 76: Canada Current Expenditure on Health, 2013-2016 (In USD Billions) 89

Figure 77: Canada Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 90

Figure 78: Canada Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion) 91

Figure 79: Europe Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion) 93

Figure 80: European Union Urban Population, 2014-2017 (In % of Total) 95

15

List of Figures


Figure 81: European Union Urban Population, 2014-2017 (In % of Total) 95

Figure 82: EU-28 Internet Purchase By Individuals, 2014-2018 (In %) 95

Figure 83: European Union Final Consumption Expenditure, 2014-2017 (In Current USD, Trillion) 95

Figure 84: Europe Internet Access to Households, 2017 (In % of All Households) 96

Figure 85: Europe Healthcare Expenditure, By Countries, 2016 (In % of GDP) 96

Figure 86: Eu-28 Household Expenditure, By Consumption Purpose, 2017 (In % Share of Total) 97

Figure 87: Europe Total Household Expenditure on Food & Non Alcoholic Beverages, 2017 (In % Share of Total) 97

Figure 88: Europe Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 100

Figure 89: Europe Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion) 102

Figure 90: Europe Digital Money Transfer & Remittance Market Size, By Countries Share, 2018 (%) 104

Figure 91: Europe Digital Money Transfer & Remittance Market Size, By Countries Share, 2024E (%) 104

Figure 92: UK Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion) 106

Figure 93: UK % of Urban Population, 2013-2017 (In %) 108

Figure 94: UK International Tourist Arrivals, 2014-2017, (In Millions) 108

Figure 95: UK Final Consumption Expenditure, Current USD, 2014-2017, (In USD Trillion) 108

Figure 96: UK Internet Purchases by Individuals, 2014-2018 (In % of Individuals) 108

Figure 97: UK Internet Usage by Individuals, 2014-2018 (In %) 109

Figure 98: UK Household Level of Internet Access, 2014-2018 (In % of Households) 109

Figure 99: UK Household Consumption Expenditure, By Purpose, 2017 (In % of Total Expenditure) 109

Figure 100: UK Total Health Expenditure as a Share of GDP, 2013-2016 (In %) 110

16

List of Figures


Figure 101: UK Current Expenditure on Health, 2013-2016 (In USD Billions) 110

Figure 102: UK Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 111

Figure 103: UK Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion) 112

Figure 104: Germany Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion) 114

Figure 105: Germany % of Urban Population, 2013-2017 (In %) 116

Figure 106: Germany International Tourist Arrivals, 2014-2017, (In Millions) 116

Figure 107: Germany Final Consumption Expenditure, Current USD, 2014-2017, (In USD Trillion) 116

Figure 108: Germany Internet Purchases by Individuals, 2014-2018 (In % of Individuals) 116

Figure 109: Germany Internet Usage by Individuals, 2014-2018 (In %) 117

Figure 110: Germany Household Level of Internet Access, 2014-2018 (In % of Households) 117

Figure 111: Germany Household Consumption Expenditure, By Purpose, 2017 (In % of Total Expenditure) 117

Figure 112: Germany Total Health Expenditure as a Share of GDP, 2013-2016 (In %) 118

Figure 113: Germany Current Expenditure on Health, 2013-2016 (In USD Billions) 118

Figure 114: Germany Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 119

Figure 115: Germany Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion) 119

Figure 116: APAC Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion) 122

Figure 117: Asia Pacific Urban Population, 2014-2017 (In % of Total) 124

Figure 118: Asia Pacific International Tourism – Number of Arrivals, 2014-2017 (In Millions) 124

Figure 119: Asia Pacific Health Care Expenditure, 2013-2016 (In % of GDP) 124

Figure 120: Asia Pacific Final Consumption Expenditure, 2014-2017 (In Current USD, Trillion) 124

17

List of Figures


Figure 121: Asia Pacific Employment, By Number of Persons Employed, 2014-2018 (In Billions) 125

Figure 122: Asia Pacific Employment to Population Ratio, 2014-2018 (In %) 125

Figure 123: Asia Internet Penetration, March 2019, (In %) 125

Figure 124: APAC Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 128

Figure 125: APAC Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion) 130

Figure 126: APAC Digital Money Transfer & Remittance Market Size, By Countries Share, 2018 (%) 132

Figure 127: APAC Digital Money Transfer & Remittance Market Size, By Countries Share, 2024E (%) 132

Figure 128: China Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion) 134

Figure 129: China % of Urban Population, 2013-2017 (In %) 136

Figure 130: China International Tourist Arrivals, 2014-2017, (In Millions) 136

Figure 131: China Final Consumption Expenditure, Current USD, 2014-2017, (In USD Trillion) 136

Figure 132: China Individuals Using the Internet, 2013-2017 (In % of Population) 136

Figure 133: China Growth Rate of Retail Sales of Consumer Goods, 2018 (In Month on Month %) 137

Figure 134: China Total Number of Employed Persons, 2013-2017 (In Billions) 137

Figure 135: China Total Health Expenditure as a Share of GDP, 2013-2016 (In %) 138

Figure 136: China Current Expenditure on Health, 2013-2016 (In USD Billions) 138

Figure 137: China Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 139

Figure 138: China Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion) 140

Figure 139: Rest of the World Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion) 142

Figure 140: Rest of the World Urban Population Growth, 2013-2017 (In Annual %) 143

18

List of Figures


Figure 141: Rest of the World Urban Population, 2013-2017 (In % of Total) 143

Figure 142: Rest of the World International Tourism – Number of Arrivals, 2014-2017 (In Millions) 143

Figure 143: Rest of the World Final Consumption Expenditure, 2014-2017 (In Current USD, Trillion) 143

Figure 144: Rest of the World Share of Total Final Consumption, By Sector, 2016 (In %) 144

Figure 145: Rest of the World Health Expenditure, 2013-2016 (In % of GDP) 144

Figure 146: ROW Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion) 147

Figure 147: ROW Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion) 149

Figure 148: PayPal Inc. Sales Revenue, 2014-2018 (In USD Billion) 166

Figure 149: PayPal Inc. Net Revenue, 2014 - 2018 (In USD Million) 166

Figure 150: PayPal Inc. Sales Revenue, By Region, 2018 (In %) 167

Figure 151: PayPal Inc. Sales Revenue, By Business Sector, 2018 (In %) 167

Figure 152: MoneyGram International Inc. Sales Revenue, 2014-2018 (In USD Million) 170

Figure 153: MoneyGram International Inc. Net Profit/Loss, 2014-2018 (In USD Millions) 170

Figure 154: MoneyGram International Inc. Sales Revenue, By Business Segment, 2018 (In %) 171

Figure 155: Western Union Co. Sales Revenue, 2014-2018 (In USD Million) 173

Figure 156: Western Union Co. Revenue, By Business Segment, 2018 (In %) 173

Figure 157: Western Union Co. Net Revenue, 2014-2018 (In USD Million) 174

Figure 158: Western Union Co. Revenue, By Regional Segment, 2018 (In %) 174

19

List of Figures


List Of Tables

Table A Top 10 Countries With The Highest Number Of ATMs Per Capita 40

Table B Cash POS Payment Method, By Region, 2018E (In %) 41

20

Avenues Payments India Pvt. Ltd, Western Union Co.

Research Methodology

For our study on Global Digital Money Transfer & Remittance Market, we have conducted comprehensive

secondary research followed by an extensive primary research. In the process of secondary research,

we have scrutinized industry documents, accessed from open sources, premium paid databases

(Bloomberg, Thomson Reuters, Factiva) and our internal knowledge base. In the process of primary

research, we have interviewed various industry experts across the industry.

Market size of the actual period (2017-2018) has been evaluated on the basis of growth trends of the

industry in the last couple of years, and confirming the findings through primary research. Annual

reports of the companies were scanned to further validate the market size and to estimate the size of

various other end-user sectors. Market sizing and growth in the forecast period (2019-2024) is

estimated through product mapping, application in end-user industries, growth of allied sectors and

historical growth pattern of the industry. All the relevant data points/statistics in the forecast period

are validated through relevant and reliable primary sources.

Report Focus: Global Digital Money Transfer & Remittance Market

- By Type: (Domestic Money Transfer & International Money Transfer)

- By Application: (Consumer & Enterprise)

- By Region: (North America, Europe, APAC and ROW)

- By Country: (US, Canada, Germany, UK & China.)

- By Company (PayPal Inc., Avenues Payments India Pvt. Ltd., MoneyGram International Inc., Western

Union Co., Ria Financial Co.)

Companies Contacted:

21

(c) AZOTH Analytics

Strategic Recommendations

Focus on online retail

Focus on Asia Pacific Region

22

(c) AZOTH Analytics

Global Digital Money Transfer & Remittance Market : An Analysis

23

Source: Azoth Analytics Estimates

Growing population globally and ever increasing personal disposable income supported by growing

investment by manufacturers fueling growth in the global digital money transfer & remittance market

Forecast CAGR 2019-2024

XX%

Global Digital Money Transfer & Remittance Market, By Value

24

XXXX

XXXX

XXXX

XXXX

2017 2018 2019 2020 2021 2022 2023 2024

Figure 1: Global Digital Money Transfer & Remittance Market Size, By Value, 2017-2024 (In USD Billion)

The Global market for Digital money transfer and remittance is anticipated to grow at a surging CAGR of XX%, accounting for a

market value of USD XX billion in the year 2018 and USD X billion in 2024 in the forecasted period of 2019-2024.

The market is primarily supported by …

XX

XX

XX


Figure 24: Global Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)

Global Digital Money Transfer & Remittance Market - By Type

By Type 2017 2018 2019 2020 2021 2022 2023 2024

Domestic Money

TransferXX XX XX XX XX XX XX XX

International Money


25

2017 2018 2019 2020 2021 2022 2023 2024

Domestic Money Transfer International Money Transfer


Domestic Money Transfer : XX%

International Money Transfer : XX%


Figure 28: Global Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)

Global Digital Money Transfer & Remittance Market – By Application

By Application

2017 2018 2019 2020 2021 2022 2023 2024

Consumer XX XX XX XX XX XX XX XX

Enterprise XX XX XX XX XX XX XX XX

26

2017 2018 2019 2020 2021 2022 2023 2024

Consumer Enterprise


Consumer : XX%

Enterprise : XX%

North America Digital Money Transfer & Remittance Market, By Value


Forecasted CAGR: 2019-2024

XX%

Figure 33: North America Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion)

27

XXXX

XXXX

XXXX

XXXX

2017 2018 2019 2020 2021 2022 2023 2024

North America digital money transfer and remittance Market is expected to witness a steady growth from USD XX billion in

2018 to USD XX billion in the year 2024 growing at a CAGR of XX% during the historical period of 2019-2024.

The market for digital money transfer systems in the region is chiefly supported by …

XX

XX

XX

XX

Growing old age population and positive sign shown by employment rate with strong consumer

spending pumping growth in the digital money transfer and remittance market in North America

• .

28

Escalating industrial expansion with employment of innovative technology and major global leaders investing ..

XX

XX

XX

XX

XX

XX

XX

MoneyGram WorldRemit XE Money Transfer Ria Money Transfer

Figure 45: Major Players in North America Digital Money Transfer Market

North America Digital Money Transfer & Remittance Market


Figure 49: North America Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)

North America Digital Money Transfer & Remittance Market - By Type

By Type 2017 2018 2019 2020 2021 2022 2023 2024

Domestic Money


International Money


29

2017 2018 2019 2020 2021 2022 2023 2024

Domestic Money Transfer International Money Transfer


Domestic Money Transfer : XX%

International Money Transfer : XX%

About Azoth Analytics Pvt Ltd.

Azoth Analytics (ISO 9001:2015) is a business research and analytics company that creates in-depth research reports and provides customized research

solutions and consulting services. An ISO 9001:2015 certified company, Azoth Analytics adheres to international quality management standard and has strong

commitment to a culture of continuous improvement. The business research and market analysis of Azoth Analytics helps organizations across different

industry verticals solve their business problems. Strategic market sizing and data dredging techniques include secondary research, and primary research

(interviews with management personnel and industry experts). Azoth Analytics provide syndicated and customized market research reports on different

verticals including pharmaceutical and healthcare, oil and gas and power, chemicals, automotive, technology, FMCG, food & beverages and media sectors.

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