Dublin, March 23, 2022 (GLOBE NEWSWIRE) – The Report “Remittance Market by Application, Transfer Channel and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” ResearchAndMarkets.com’s to offer.
Transfer is referred to as money that is sent from one place to another via electronic payment system, mail, design, and transfer. In addition, it is referred to as the transfer of money by foreign migrants to their home countries, using a digital transfer network such as easy-to-use mobile application, digital wallets, and others.
In addition, it helps some families raise their standard of living and increase the nation’s income and also strengthen the country’s overall GDP. Many benefits of using digital transfer 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 on digital money transfer transactions.
Increase in mobile-based payment channels and cross-border transactions and reduction of transfer time & costs are driving the growth of the market. In addition, the growth and adoption of banks and financial sectors worldwide is driving market growth. However, the increase in the number of financial crimes and lack of awareness for digital transfer is expected to hinder market growth. In addition, technological advances in the digital transfer industry are expected to provide lucrative opportunities for market growth.
The global discount market is segmented based on discount channel, application, end user, and region. From the channel, it is divided into banks, money transfer operators, and others. As far as the application is concerned, the market is classified in consumption, savings and investments. By the end user it is divided into business and personal. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the transfer market analysis are Bank of America, Citigroup Inc., JPMorgan Chase & Co., MoneyGram International, Inc., RIA Financial Services Ltd., TransferWise Ltd., UAE Exchange, Wells Fargo, Western Union Holdings Inc. . and XOOM. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key benefits
- The study provides an in-depth analysis of the forecast global transfer market along with current trends and future estimates to explain the imminent investment pockets.
- Information on key drivers, restrictions, & capabilities and their impact analysis on the global market is provided in the report.
- Porter’s five forces analysis illustrates the potential of buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2021 to 2030 will be made available to determine the market potential
Key topics covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key Forces Forms Discount Market
3.3. March Dynamics
3.3.1. Drivers
3.3.1.1. Increase cross-border transactions and mobile-based payment channels
3.3.1.2. Reduced discount cost & transfer time
3.3.1.3. Growth in the adoption of banks and financial services
3.3.2. Restrictions
3.3.2.1. Increase in the number of financial crimes
3.3.2.2. Lack of awareness for digital transfer
3.3.3. Possibilities
3.3.3.1. Technological innovations in the digital transfer industry
3.3.3.2. Increasing Internet and Mobile Penetration
3.4. COVID-19 Impact Analysis on Remise March
3.4.1. Impact on discount market size
3.4.2. Changing Consumer Trends, Preferences, and Budget Impact Due to COVID-19
3.4.3. Framework for solving market challenges faced by transfer solution providers
3.4.4. Economic Impact on Transfer Solution Providers
3.4.5. Key player strategies to address the negative impact
3.4.6. Opportunity window analysis for discount solution providers
CHAPTER 4: REMITTANCE MARKET, FROM APPLICATION
4.1. Overview
4.2. Consumption
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. March analysis, no Land
4.3. Traces
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. March analysis, no Land
4.4. Investment
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. March analysis, no Land
CHAPTER 5: REMITTANCE MARKET, BY REMITTANCE CHANNEL
5.1. Overview
5.2. Banks
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. March analysis, no Land
5.3. Money Transfer Operators
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. March analysis, no Land
5.4. Others
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. March analysis, no Land
CHAPTER 6: REMITTANCE MARKET, BY END USERS
6.1. Overview
6.2. Business
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. March analysis, no Land
6.3. Personally
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. March analysis, no Land
CHAPTER 7: REMITTANCE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.1.1. Market Player Positioning, 2020
8.2. Competitive Dashboard
8.2.1. Top winning strategies
CHAPTER 9: Company Profiles: Big Players
9.1. BANK OF AMERICA
9.1.1. Company Overview
9.1.2. Key Executives
9.1.3. Company Moment
9.1.4. Operating Systems Segments
9.1.5. Product Portfolio
9.1.6. Business chain performance
9.1.7. Key strategic moves and developments
9.2. CITIGROUP INC.
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Moment
9.2.4. Operating Systems Segments
9.2.5. Product Portfolio
9.2.6. Business chain performance
9.3. JPMORGAN CHASE & CO.
9.3.1. Company Overview
9.3.2. Key Executives
9.3.3. Company Moment
9.3.4. Operating Systems Segments
9.3.5. Product Portfolio
9.3.6. Business chain performance
9.3.7. Key strategic moves and developments
9.4. MONEYGRAM INTERNATIONAL, INC.
9.4.1. Company Overview
9.4.2. Key Executives
9.4.3. Company Moment
9.4.4. Operating Systems Segments
9.4.5. Product Portfolio
9.4.6. Business chain performance
9.4.7. Key strategic moves and developments
9.5. RIA FINANCIELL SERVICES LTD. (SUBSIDIARY EURONET WORLDWIDE, INC.)
9.5.1. Company Overview
9.5.2. Key Executives
9.5.3. Company Moment
9.5.4. Operating Systems Segments
9.5.5. Product Portfolio
9.5.6. Business chain performance
9.5.7. Key strategic moves and developments
9.6. TRANSFERWISE LTD.
9.6.1. Company Overview
9.6.2. Key Executives
9.6.3. Company Moment
9.6.4. Product Portfolio
9.7. UAE exchange
9.7.1. Company Overview
9.7.2. Key Executives
9.7.3. Company Moment
9.7.4. Operating Systems Segments
9.7.5. Product Portfolio
9.7.6. Key strategic moves and developments
9.8. WELLS FARGO
9.8.1. Company Overview
9.8.2. Key Executives
9.8.3. Company Moment
9.8.4. Operating Systems Segments
9.8.5. Product Portfolio
9.8.6. Business chain performance
9.9. WESTERN UNION HOLDINGS, INC.
9.9.1. Company Overview
9.9.2. Key Executives
9.9.3. Company Moment
9.9.4. Operating Systems Segments
9.9.5. Product Portfolio
9.9.6. Business chain performance
9.9.7. Key strategic moves and developments
9.10. XOOM (Subsidiary of PAYPAL INC.)
9.10.1. Company Overview
9.10.2. Key Executives
9.10.3. Company Moment
9.10.4. Product Portfolio
9.10.5. Business chain performance
9.10.6. Key strategic moves and developments
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