The New Report “Asia-Pacific Digital Remittance Market” published by Premium Market Insights, covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Digital remittance is referred as the transfer of money by foreign migrants in their native countries by using digital transfer network such as easy-to-use mobile application, digital wallet, and others. The market witnesses entry of digital remittance operators, which poses a serious challenge to traditional cash-in-hand providers due to reduced user fees and ease of usability. Numerous benefits of using digital remittance such as convenience, speed, lower cost, elimination of the need for tedious form-filling processes, agents, and codes and others have shifted the focus of consumers toward digital transactions for money remittance.
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Top Companies Covered in this Report:
InstaReM, Remitly, Inc., Flywire, SingX Pte Ltd., Azimo Limited, WorldRemit Ltd., TransferWise Ltd, Ripple, MoneyGram, and TNG Wallet.
Rise in cross-border transactions and mobile-based payment channels, reduced remittance cost & transfer time, and growth in adoption of banking & financial services drive the growth of the market. However, lack of awareness and slowdown of the remittance industry in Asia-Pacific is expected to impede the market growth. Conversely, continuous technological innovations in digital remittance industry as well as rise in internet and mobile penetration in this region are expected to present major opportunities for market expansion in the near future.
The report provides an extensive analysis of the factors that drive as well as restrain the growth of the world Asia-Pacific Digital Remittance market.
The market projections from 2014 to 2022 along with the impacting factors are mentioned in the report.
The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the market scenario.
In-depth analyses of the key segments of the market demonstrate the consumption of Asia-Pacific Digital Remittance market in different applications across different end-user industries.
Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.
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Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Asia-Pacific Digital Remittance Market Size
2.2 Asia-Pacific Digital Remittance Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Asia-Pacific Digital Remittance Market Size by Manufacturers
3.2 Asia-Pacific Digital Remittance Key Players Head office and Area Served
3.3 Key Players Asia-Pacific Digital Remittance Product/Solution/Service
3.4 Date of Enter into Asia-Pacific Digital Remittance Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Asia-Pacific Digital Remittance Sales by Product
4.2 Global Asia-Pacific Digital Remittance Revenue by Product
4.3 Asia-Pacific Digital Remittance Price by Product
5 Breakdown Data by End User
5.2 Global Asia-Pacific Digital Remittance Breakdown Data by End User
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