Remittance is the transfer of money by foreign migrants to their homes. Remittance channel consists of sender, recipient, intermediaries in both countries, and the payment interface used by the intermediaries.
Market Analysis and Insights: Global Remittance Market
The global Remittance market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
The US & Canada market for Remittance is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The China market for Remittance is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The Europe market for Remittance is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.
The global key companies of Remittance include MoneyGram International Inc., Western Union Holdings, Inc., Euronet Worldwide, Inc., The Kroger Co., ABSA, Banco Bradesco SA, U.S. Bank, Scotiabank and Societe Generale, etc. In 2023, the global top five players had a share approximately % in terms of revenue.
Remittance is widely used in various fields, such as Personal Remittances, Business Remittances and Public Services,, etc. Personal Remittances provides greatest supports to the Remittance industry development. In 2023, global % revenue of Remittance went into Personal Remittances filed and the proportion will reach to % in 2030.
Report Covers:
This report presents an overview of global market for Remittance market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Remittance, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Remittance, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Remittance revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Remittance market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Remittance revenue, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
MoneyGram International Inc.
Western Union Holdings, Inc.
Euronet Worldwide, Inc.
The Kroger Co.
ABSA
Banco Bradesco SA
U.S. Bank
Scotiabank
Societe Generale
UBA
Segment by Type
Bank Money Transfer Services
Money Transfer App
Others
Segment by Application
Personal Remittances
Business Remittances
Public Services
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Remittance in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Remittance companies鈥� competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: China by Type, and by Application, revenue for each segment.
Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Remittance revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Remittance Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Bank Money Transfer Services
1.2.3 Money Transfer App
1.2.4 Others
1.3 Market by Application
1.3.1 Global Remittance Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Personal Remittances
1.3.3 Business Remittances
1.3.4 Public Services
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Remittance Market Perspective (2019-2030)
2.2 Global Remittance Growth Trends by Region
2.2.1 Remittance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Remittance Historic Market Size by Region (2019-2024)
2.2.3 Remittance Forecasted Market Size by Region (2025-2030)
2.3 Remittance Market Dynamics
2.3.1 Remittance Industry Trends
2.3.2 Remittance Market Drivers
2.3.3 Remittance Market Challenges
2.3.4 Remittance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Remittance by Players
3.1.1 Global Remittance Revenue by Players (2019-2024)
3.1.2 Global Remittance Revenue Market Share by Players (2019-2024)
3.2 Global Remittance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Remittance, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global Remittance Market Concentration Ratio
3.4.1 Global Remittance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Remittance Revenue in 2023
3.5 Global Key Players of Remittance Head office and Area Served
3.6 Global Key Players of Remittance, Product and Application
3.7 Global Key Players of Remittance, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Remittance Breakdown Data by Type
4.1 Global Remittance Historic Market Size by Type (2019-2024)
4.2 Global Remittance Forecasted Market Size by Type (2025-2030)
5 Remittance Breakdown Data by Application
5.1 Global Remittance Historic Market Size by Application (2019-2024)
5.2 Global Remittance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Remittance Market Size (2019-2030)
6.2 North America Remittance Market Size by Type
6.2.1 North America Remittance Market Size by Type (2019-2024)
6.2.2 North America Remittance Market Size by Type (2025-2030)
6.2.3 North America Remittance Market Share by Type (2019-2030)
6.3 North America Remittance Market Size by Application
6.3.1 North America Remittance Market Size by Application (2019-2024)
6.3.2 North America Remittance Market Size by Application (2025-2030)
6.3.3 North America Remittance Market Share by Application (2019-2030)
6.4 North America Remittance Market Size by Country
6.4.1 North America Remittance Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America Remittance Market Size by Country (2019-2024)
6.4.3 North America Remittance Market Size by Country (2025-2030)
6.4.4 U.S.
6.4.5 Canada
7 Europe
7.1 Europe Remittance Market Size (2019-2030)
7.2 Europe Remittance Market Size by Type
7.2.1 Europe Remittance Market Size by Type (2019-2024)
7.2.2 Europe Remittance Market Size by Type (2025-2030)
7.2.3 Europe Remittance Market Share by Type (2019-2030)
7.3 Europe Remittance Market Size by Application
7.3.1 Europe Remittance Market Size by Application (2019-2024)
7.3.2 Europe Remittance Market Size by Application (2025-2030)
7.3.3 Europe Remittance Market Share by Application (2019-2030)
7.4 Europe Remittance Market Size by Country
7.4.1 Europe Remittance Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Remittance Market Size by Country (2019-2024)
7.4.3 Europe Remittance Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Remittance Market Size (2019-2030)
8.2 China Remittance Market Size by Type
8.2.1 China Remittance Market Size by Type (2019-2024)
8.2.2 China Remittance Market Size by Type (2025-2030)
8.2.3 China Remittance Market Share by Type (2019-2030)
8.3 China Remittance Market Size by Application
8.3.1 China Remittance Market Size by Application (2019-2024)
8.3.2 China Remittance Market Size by Application (2025-2030)
8.3.3 China Remittance Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia Remittance Market Size (2019-2030)
9.2 Asia Remittance Market Size by Type
9.2.1 Asia Remittance Market Size by Type (2019-2024)
9.2.2 Asia Remittance Market Size by Type (2025-2030)
9.2.3 Asia Remittance Market Share by Type (2019-2030)
9.3 Asia Remittance Market Size by Application
9.3.1 Asia Remittance Market Size by Application (2019-2024)
9.3.2 Asia Remittance Market Size by Application (2025-2030)
9.3.3 Asia Remittance Market Share by Application (2019-2030)
9.4 Asia Remittance Market Size by Region
9.4.1 Asia Remittance Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia Remittance Market Size by Region (2019-2024)
9.4.3 Asia Remittance Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Remittance Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America Remittance Market Size by Type
10.2.1 Middle East, Africa, and Latin America Remittance Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America Remittance Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America Remittance Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America Remittance Market Size by Application
10.3.1 Middle East, Africa, and Latin America Remittance Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America Remittance Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America Remittance Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America Remittance Market Size by Country
10.4.1 Middle East, Africa, and Latin America Remittance Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America Remittance Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America Remittance Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 MoneyGram International Inc.
11.1.1 MoneyGram International Inc. Company Details
11.1.2 MoneyGram International Inc. Business Overview
11.1.3 MoneyGram International Inc. Remittance Introduction
11.1.4 MoneyGram International Inc. Revenue in Remittance Business (2019-2024)
11.1.5 MoneyGram International Inc. Recent Developments
11.2 Western Union Holdings, Inc.
11.2.1 Western Union Holdings, Inc. Company Details
11.2.2 Western Union Holdings, Inc. Business Overview
11.2.3 Western Union Holdings, Inc. Remittance Introduction
11.2.4 Western Union Holdings, Inc. Revenue in Remittance Business (2019-2024)
11.2.5 Western Union Holdings, Inc. Recent Developments
11.3 Euronet Worldwide, Inc.
11.3.1 Euronet Worldwide, Inc. Company Details
11.3.2 Euronet Worldwide, Inc. Business Overview
11.3.3 Euronet Worldwide, Inc. Remittance Introduction
11.3.4 Euronet Worldwide, Inc. Revenue in Remittance Business (2019-2024)
11.3.5 Euronet Worldwide, Inc. Recent Developments
11.4 The Kroger Co.
11.4.1 The Kroger Co. Company Details
11.4.2 The Kroger Co. Business Overview
11.4.3 The Kroger Co. Remittance Introduction
11.4.4 The Kroger Co. Revenue in Remittance Business (2019-2024)
11.4.5 The Kroger Co. Recent Developments
11.5 ABSA
11.5.1 ABSA Company Details
11.5.2 ABSA Business Overview
11.5.3 ABSA Remittance Introduction
11.5.4 ABSA Revenue in Remittance Business (2019-2024)
11.5.5 ABSA Recent Developments
11.6 Banco Bradesco SA
11.6.1 Banco Bradesco SA Company Details
11.6.2 Banco Bradesco SA Business Overview
11.6.3 Banco Bradesco SA Remittance Introduction
11.6.4 Banco Bradesco SA Revenue in Remittance Business (2019-2024)
11.6.5 Banco Bradesco SA Recent Developments
11.7 U.S. Bank
11.7.1 U.S. Bank Company Details
11.7.2 U.S. Bank Business Overview
11.7.3 U.S. Bank Remittance Introduction
11.7.4 U.S. Bank Revenue in Remittance Business (2019-2024)
11.7.5 U.S. Bank Recent Developments
11.8 Scotiabank
11.8.1 Scotiabank Company Details
11.8.2 Scotiabank Business Overview
11.8.3 Scotiabank Remittance Introduction
11.8.4 Scotiabank Revenue in Remittance Business (2019-2024)
11.8.5 Scotiabank Recent Developments
11.9 Societe Generale
11.9.1 Societe Generale Company Details
11.9.2 Societe Generale Business Overview
11.9.3 Societe Generale Remittance Introduction
11.9.4 Societe Generale Revenue in Remittance Business (2019-2024)
11.9.5 Societe Generale Recent Developments
11.10 UBA
11.10.1 UBA Company Details
11.10.2 UBA Business Overview
11.10.3 UBA Remittance Introduction
11.10.4 UBA Revenue in Remittance Business (2019-2024)
11.10.5 UBA Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
MoneyGram International Inc.
Western Union Holdings, Inc.
Euronet Worldwide, Inc.
The Kroger Co.
ABSA
Banco Bradesco SA
U.S. Bank
Scotiabank
Societe Generale
UBA
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*If Applicable.
