Remittance Industry
Description
Wiseguyreports.Com Adds “Remittance -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database
Remittance is referred to as the money sent by immigrants to their families residing in their native countries. Remittance market plays a vital role in the economic growth and livelihoods of people across the world. Remittance inflows in developing countries make a notable share in their GDPs. The market is completely dependent on the migrated population living across the world. From a macroeconomic perspective, remittances can boost aggregate demand and thereby spurring the GDP as well as economic growth. However, research indicates that remittances may also have adverse macroeconomic impact by increasing income inequality and reducing labor supply among recipients. Despite financial and economic downturns, the stability of remittance flow makes the developing countries a reliable and financial resource. Countries with diversified migration destinations have a higher probability of experiencing more sustainable remittance inflows.
Lower-middle regions are the biggest destinations for remittance inflows. Whereas, the U.S. and Saudi Arabia are the major contributors to the global remittance market supported by increased remittance outflows by immigrant populations residing there.
The global remittance market is expected to grow in future due to increasing international migration population, decreasing remittance costs, increasing disposable income, improving economic growth, growing refugees population and growing urbanization. Key trends of this market include increasing growing trend of mobile payments and number of money sending options. However, there are some factors which can hinder the market growth including government regulations and de-risking practices.
The report “Global Remittance Market: Industry Analysis & Outlook (2018-2024)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering the lower middle income regions, top remittance sending and receiving countries along with the global market. The report profiles the key players of the market including PayPal Holdings Inc., Western Union, MoneyGram International and Euronet.
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Table of Content
1. Overview
1.1 Remittance1.2 Components of Remittance Marketplace1.3 Remittance Market Value Chain
2. Remittance Market Analysis
2.1 Global Remittance Inflow2.2 Global Remittance Inflow Forecast2.3 Global Remittance Inflow to Low-Middle Income Region2.4 Global Remittance Inflow to Low-Middle Income Region Forecast2.5 Global Remittance Inflow by Countries2.5.1 India Remittance Inflow Forecast2.5.2 China Remittance Inflow Forecast2.5.3 Philippines Remittance Inflow Forecast2.5.4 Mexico Remittance Inflow Forecast2.5.5 Pakistan Remittance Inflow Forecast2.6 Global Remittance Outflow by Countries2.6.1 The U.S. Remittance Outflows Forecast2.6.2 Saudi Arabia Remittance Outflows Forecast2.6.3 Switzerland Remittance Outflows Forecast2.6.4 Germany Remittance Outflows Forecast
3. Lower Middle Income Regions Remittance Market Analysis
3.1 East Asia-Pacific Remittance Inflow Forecast3.2 South Asia Remittance Inflow Forecast3.3 Latin America & Caribbean Remittance Inflow Forecast3.4 Middle East & North Africa Remittance Inflow Forecast3.5 Europe & Central Asia Remittance Inflow Forecast3.6 Sub Saharan Africa Remittance Inflow Forecast
4. Market Dynamics
4.1 Growth Drivers4.1.1 Decreasing Remittance Costs4.1.2 Increasing International Migration4.1.3 Improving Economic Growth4.1.4 Increasing Youth Unemployment Rate4.1.5 Growing Urbanization4.1.6 Growing Population of Refugees4.1.7 Increasing Disposable Income
4.2 Key Trends4.2.1 Fluctuating Remittance Costs by Region4.2.2 Average Remittance Sending Costs by G20 Countries4.2.3 Unstable Remittance Costs by Remittance Service Providers (RSPs)4.2.4 Remittance Costs by Sending and Receiving Methods4.2.5 Rising Demand of Mobile Payment Transactions4.2.6 Growing Options of Sending Money
4.3 Challenges4.3.1 De-risking Practices4.3.2 Government Regulations
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5. Competition
5.1 Global Market5.1.1 Revenue Comparison of Key Players5.1.2 Market Cap Comparison of Key Players5.1.3 Cross Border Money Transfer Volume Comparison of Key Players5.1.4 Comparison of Services Offered by Money Transfer Operators
6. Company Profiles
6.1 PayPal Holdings Inc.6.1.1 Business Overview6.1.2 Financial Overview6.1.3 Business Strategies
6.2 Western Union6.2.1 Business Overview6.2.2 Financial Overview6.2.3 Business Strategies
6.3 Euronet6.3.1 Business Overview6.3.2 Financial Overview6.3.3 Business Strategies
6.4 MoneyGram International Inc.6.4.1 Business Overview6.4.2 Financial Overview6.4.3 Business Strategies
List of Charts
Types of Remittance ServiceValue Chain: Remittance IndustryGlobal Remittance Inflow (2013-2017)Global Remittance Inflow Forecast (2018-2022)Global Remittance Inflow to Low-Middle Income Region (2013-2017Global Remittance Inflow to Low-Middle Income Region Forecast (2018-2022)Global Remittance Inflow by Countries (2017)India Remittance Inflow Forecast (2017-2022)China Remittance Inflow Forecast (2017-2022)Philippines Remittance Inflow Forecast (2017-2022)Mexico Remittance Inflow Forecast (2017-2022)Pakistan Remittance Inflow Forecast (2017-2022)Global Remittance Outflow by Countries (2017)The U.S. Remittance Outflows Forecast (2017-2022)Saudi Arabia Remittance Outflows Forecast (2017-2022)Switzerland Remittance Outflows Forecast (2017-2022)Germany Remittance Outflows Forecast (2017-2022)East Asia-Pacific Remittance Inflow Forecast (2013-2022)South Asia Remittance Inflow Forecast (2013-2022)Latin America & Caribbean Remittance Inflow Forecast (2013-2022)Middle East & North Africa Remittance Inflow Forecast (2013-2022)Europe & Central Asia Remittance Inflow Forecast (2013-2022)Sub-Saharan Africa Remittance Inflow Forecast (2013-2022)
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