Remittance Market - PowerPoint PPT Presentation

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Remittance Market

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The remittance market size is expected to see strong growth in the next few years. It will grow to $990.33 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. – PowerPoint PPT presentation

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Title: Remittance Market


1
Remittance
Global Market Report 2024 Global Forecast 2024
2033 Market Size, Drivers, And Trends
Top Market Research Firm 2023! We are honored to
be listed as a top company at the forefront of
research, by the Business Management Review
2
Remittance Market Segments
The Business Research Company segments the
remittance market segments market report as
Inward Remittance, Outward Remittance
ByByTeScohunrocelogy
Banks, Money Transfer Operators, Online Platforms
(Wallets)
BByyCFhoarnmnel
Consumption, Savings, Investment
BByy AApppplliiccaattiioonn
Business, Personal
By End. User
. .
3
Market Statistics
The remittance market size has grown strongly in
  • recent years. It will grow from 737.05 billion
    in 2023 to 785.92 billion in 2024 at a compound
    annual growth rate (CAGR) of 6.6. The growth in
    the historic period can be attributed to global
    migration trends, labor mobility and diaspora
    communities, economic disparities, remittance
    corridor developments, financial inclusion
    initiatives..The remittance market size is
    expected to see strong growth in the next few
    years. It will grow to 990.33 billion in 2028
    at a compound annual growth rate (CAGR) of 5.9.

990.33 B
785.9 B
737.0 B
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4
Key Market Drivers And Trends
Drivers Remittance Market Surges Amidst Soaring
Overseas Migration Trends Trends Innovative
Solutions Transforming Fund Transfers
Region North America was the largest region in
the remittance market in 2023.
5
Top Players In The Market
Major companies operating in the remittance
market report are Ria Financial Services Ltd.,
The Kroger Co., JPMorgan Chase Co., Citigroup
Inc., Bank of America Corporation, Wells Fargo
Company, Banco Bradesco S.A., PayPal Inc., U.S.
Bancorp, Absa Group Limited, UAE Exchange,
Western Union Holdings Inc., Instarem, XE Money
Transfer, MoneyGram International Inc., Remitly
Inc., Wise Ltd., Payoneer Inc, ZEPZ, WorldRemit
Ltd, ZelleAirWallex, Skrill, OFX, CurrencyFair
Limited, Azimo Limited, Popmoney, TransferGo,
Bithumb
Get More Information On The Market Report
6
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    proportions, and expenditure per capita.
  3. Global Perspective Reports cover 60 geographies
    for a comprehensive global understanding.
  4. Localized Strategies Create region-specific
    strategies aligning with market nuances.
  5. Investment Insights Identify growth segments
    through forecast data and market insights.
  6. Competitor Benchmarking Compare performance
    against key competitors.
  7. Presentation Support Reports offer reliable data
    for internal and external presentations.

7
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