Global Mobile Remittance Service Market Report 2024

Mobile Remittance Service Global Market Report 2024 – By Type (Inward Digital Remittance, Outward Digital Remittance), By Channel (Banks, Money Transfer Operators, Online Platforms, Other Channels), By Application (Migrant Labor Workforce, Low Income Households, Small Businesses, Other Applications) – Market Size, Trends, And Global Forecast 2024-2033

Mobile Remittance Service Global Market Report 2024

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Mobile Remittance Service Market Definition And Segments

Mobile remittance service refers to a digital medium of exchange and storage of money using mobile money accounts, facilitated by a network of mobile money agents. Mobile remittance services enable users to conveniently send money globally, aiding in fast and secure transactions in cross-border business activities.

The main types of mobile remittance services are inward digital remittance and outward digital remittance. Inward digital remittance refers to the secure transfer of funds into a bank account through digital channels, used for international transactions. The various channels include banks, money transfer operators, and online platforms and others are used for different applications, such as the migrant labor workforce, low-income households, small businesses, and others.

The mobile remittance service market covered in this report is segmented –

1) By Type: Inward Digital Remittance, Outward Digital Remittance

2) By Channel: Banks, Money Transfer Operators, Online Platforms, Other Channels

3) By Application: Migrant Labor Workforce, Low Income Households, Small Businesses, Other Applications

The mobile remittance service market size has grown rapidly in recent years. It will grow from $24.83 billion in 2023 to $24.83 billion in 2024 at a compound annual growth rate (CAGR) of 29.83%. The growth in the historic period can be attributed to rise in adoption of cloud-based technology, increase in mobile penetration, minimum administration & operational cost, rise in transparency among cloud providers, horizontal and vertical scalability.

The mobile remittance service market size is expected to see rapid growth in the next few years. It will grow to $55.89 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to rise of contactless payments, focus on user experience, continued growth of mobile wallets, emergence of decentralized finance, focus on data security. Major trends in the forecast period include AI and machine learning integration, blockchain technology, enhanced regulatory support, expansion of financial inclusion initiatives, growth of P2P payments.

Influence Of Smartphone Penetration On The Mobile Remittance Service Market

Smartphone penetration is expected to propel the growth of the mobile remittance service market going forward. Smartphone penetration refers to the percentage of individuals within a specific population who own and use smartphones, indicating the level of smartphone adoption within that group or region. The increasing smartphone penetration is due to their growing affordability, which is being driven by economies of scale, manufacturer rivalry, and the availability of cost-effective smartphones. Mobile remittance services harness the capabilities of smartphones to offer convenience, accessibility, speed, security, and cost-effectiveness in transferring funds domestically and internationally. These services often provide real-time tracking and notifications, allowing senders and recipients to monitor the status of their transactions. For instance, in April 2022, according to the Department of Telecommunications under the Ministry of Information and Communications (MIC), a Vietnam-based regulatory agency, Vietnam recorded 91.3 million smartphone subscribers in 2021, which increased by over 2 million at the end of March 2022, resulting in a total of 93.5 million subscribers. Therefore, smartphone penetration is driving the growth of the mobile remittance service market.

Major companies operating in the mobile remittance service market are PayPal Holdings Inc., The Western Union Company, Zeepay Company Limited, Toast Inc., Ria Financial Services Inc., MoneyGram International Inc., Wise Group Limited, Remitly Global Inc., Payoneer Inc., Zepz Group Limited, Flywire Corporation, OFX Group Limited, CurrencyFair Ltd., TransferGo Ltd., Currencycloud Limited, InstaReM Pte. Limited, Azimo Limited, TNG Wallet, Mobetize Corp., Monty Global Payments S.A.U., Avenues India Pvt Ltd., Digital Wallet Corporation, OrbitRemit Global Money Limited, USSC Acquisition Corp. (USSC), Mobile Money Network Ltd

Enhancing Mobile Remittance Services With International Transfers

Major companies operating in the mobile remittance service market are enhancing their current portfolio by adding advanced technological features such as international remittance to increase their profitability in this market. International remittance refers to the movement of funds between countries, conducted by individuals or businesses, and used for purposes such as supporting family members, education expenses, or cross-border business transactions. For instance, in July 2023, OMPay, an Oman-based financial technology service company, unveiled a new feature of international remittance to its mobile application, OMPay's Digital Wallet. The new feature is designed to serve the diverse population of the country by providing convenient payment services. It enables users to send and receive payments internationally in nine countries, offering options for cash pickup or direct transfer to recipients' digital wallets or bank accounts. This functionality is especially advantageous for students and families overseas, as it allows them to send money efficiently, bypassing travel and service fees, and accessing competitive exchange rates through OMPay.

Digital Wallet Corporation Acquired Seven Global Remit Ltd. And Formed ATM Partnership With Seven Bank

In February 2024, Digital Wallet Corporation, a Japan-based financial technology company acquired Seven Global Remit Ltd. for an undisclosed amount. Through this acquisition, Seven Global Remit Co. Ltd. handed over its shares to Digital Wallet. Additionally, Seven Bank and Digital Wallet have forged an ATM partnership agreement to improve financial accessibility for foreign residents in Japan by allowing them to deposit money at any Seven Bank ATM and promptly send funds worldwide through Digital Wallet's Smiles mobile remittance service. Seven Global Remit Ltd. is a Japan-based financial service company that runs Sendy, an international remittance service.

Asia-Pacific was the largest region in the mobile remittance service market in 2023. The regions covered in the mobile remittance service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the mobile remittance service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mobile remittance service market consists of revenues earned by entities by providing services such as bill payments, bank deposits, and international money transfers. The market value includes the value of related goods sold by the service provider or included within the service offering. The mobile remittance service market also includes sales of mobile devices, such as smartphones, tablets, chip readers, card swipers, card readers and mobile payment terminals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The mobile remittance service market research report is one of a series of new reports from The Business Research Company that provides mobile remittance service market statistics, including mobile remittance service industry global market size, regional shares, competitors with a mobile remittance service market share, detailed mobile remittance service market segments, market trends and opportunities, and any further data you may need to thrive in the mobile remittance service industry. This mobile remittance service market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Mobile Remittance Service Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $24.83 billion
Revenue Forecast In 2033 $55.89 billion
Growth Rate CAGR of 17.7% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Inward Digital Remittance, Outward Digital Remittance
2) By Channel: Banks, Money Transfer Operators, Online Platforms, Other Channels
3) By Application: Migrant Labor Workforce, Low Income Households, Small Businesses, Other Applications
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled PayPal Holdings Inc.; The Western Union Company; Zeepay Company Limited; Toast Inc.; Ria Financial Services Inc.; MoneyGram International Inc.; Wise Group Limited; Remitly Global Inc.; Payoneer Inc.; Zepz Group Limited; Flywire Corporation; OFX Group Limited; CurrencyFair Ltd.; TransferGo Ltd.; Currencycloud Limited; InstaReM Pte. Limited; Azimo Limited; TNG Wallet; Mobetize Corp.; Monty Global Payments S.A.U.; Avenues India Pvt Ltd; Digital Wallet Corporation; OrbitRemit Global Money Limited; USSC Acquisition Corp. (USSC); Mobile Money Network Ltd
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Mobile Remittance Service Market Characteristics

    3. Mobile Remittance Service Market Trends And Strategies

    4. Mobile Remittance Service Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Mobile Remittance Service Market Size and Growth

    5.1. Global Mobile Remittance Service Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Mobile Remittance Service Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Mobile Remittance Service Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Mobile Remittance Service Market Segmentation

    6.1. Global Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Inward Digital Remittance

    Outward Digital Remittance

    6.2. Global Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Banks

    Money Transfer Operators

    Online Platforms

    Other Channels

    6.3. Global Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Migrant Labor Workforce

    Low Income Households

    Small Businesses

    Other Applications

    7. Mobile Remittance Service Market Regional And Country Analysis

    7.1. Global Mobile Remittance Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Mobile Remittance Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Mobile Remittance Service Market

    8.1. Asia-Pacific Mobile Remittance Service Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Mobile Remittance Service Market

    9.1. China Mobile Remittance Service Market Overview

    9.2. China Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Mobile Remittance Service Market

    10.1. India Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Mobile Remittance Service Market

    11.1. Japan Mobile Remittance Service Market Overview

    11.2. Japan Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Mobile Remittance Service Market

    12.1. Australia Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Mobile Remittance Service Market

    13.1. Indonesia Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Mobile Remittance Service Market

    14.1. South Korea Mobile Remittance Service Market Overview

    14.2. South Korea Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Mobile Remittance Service Market

    15.1. Western Europe Mobile Remittance Service Market Overview

    15.2. Western Europe Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Mobile Remittance Service Market

    16.1. UK Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Mobile Remittance Service Market

    17.1. Germany Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Mobile Remittance Service Market

    18.1. France Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Mobile Remittance Service Market

    19.1. Italy Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Mobile Remittance Service Market

    20.1. Spain Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Mobile Remittance Service Market

    21.1. Eastern Europe Mobile Remittance Service Market Overview

    21.2. Eastern Europe Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Mobile Remittance Service Market

    22.1. Russia Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Mobile Remittance Service Market

    23.1. North America Mobile Remittance Service Market Overview

    23.2. North America Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Mobile Remittance Service Market

    24.1. USA Mobile Remittance Service Market Overview

    24.2. USA Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Mobile Remittance Service Market

    25.1. Canada Mobile Remittance Service Market Overview

    25.2. Canada Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Mobile Remittance Service Market

    26.1. South America Mobile Remittance Service Market Overview

    26.2. South America Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Mobile Remittance Service Market

    27.1. Brazil Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Mobile Remittance Service Market

    28.1. Middle East Mobile Remittance Service Market Overview

    28.2. Middle East Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Mobile Remittance Service Market

    29.1. Africa Mobile Remittance Service Market Overview

    29.2. Africa Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Mobile Remittance Service Market Competitive Landscape And Company Profiles

    30.1. Mobile Remittance Service Market Competitive Landscape

    30.2. Mobile Remittance Service Market Company Profiles

    30.2.1. PayPal Holdings Inc.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. The Western Union Company

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Zeepay Company Limited

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Toast Inc.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Ria Financial Services Inc.

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Mobile Remittance Service Market Other Major And Innovative Companies

    31.1. MoneyGram International Inc.

    31.2. Wise Group Limited

    31.3. Remitly Global Inc.

    31.4. Payoneer Inc.

    31.5. Zepz Group Limited

    31.6. Flywire Corporation

    31.7. OFX Group Limited

    31.8. CurrencyFair Ltd.

    31.9. TransferGo Ltd.

    31.10. Currencycloud Limited

    31.11. InstaReM Pte. Limited

    31.12. Azimo Limited

    31.13. TNG Wallet

    31.14. Mobetize Corp.

    31.15. Monty Global Payments S.A.U.

    32. Global Mobile Remittance Service Market Competitive Benchmarking

    33. Global Mobile Remittance Service Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Mobile Remittance Service Market

    35. Mobile Remittance Service Market Future Outlook and Potential Analysis

    35.1 Mobile Remittance Service Market In 2028 - Countries Offering Most New Opportunities

    35.2 Mobile Remittance Service Market In 2028 - Segments Offering Most New Opportunities

    35.3 Mobile Remittance Service Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Mobile Remittance Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Mobile Remittance Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: PayPal Holdings Inc. Financial Performance
  • Table 75: The Western Union Company Financial Performance
  • Table 76: Zeepay Company Limited Financial Performance
  • Table 77: Toast Inc. Financial Performance
  • Table 78: Ria Financial Services Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Mobile Remittance Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Mobile Remittance Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Mobile Remittance Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Mobile Remittance Service Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Mobile Remittance Service Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: PayPal Holdings Inc. Financial Performance
  • Figure 75: The Western Union Company Financial Performance
  • Figure 76: Zeepay Company Limited Financial Performance
  • Figure 77: Toast Inc. Financial Performance
  • Figure 78: Ria Financial Services Inc. Financial Performance
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Frequently Asked Questions

What is the definition of the mobile remittance service market?

Mobile remittance service refers to a digital medium of exchange and storage of money using mobile money accounts, facilitated by a network of mobile money agents. Mobile remittance services enable users to conveniently send money globally, aiding in fast and secure transactions in cross-border business activities. For further insights on the mobile remittance service market, request a sample here

How will the mobile remittance service market drivers and restraints affect the mobile remittance service market dynamics? What forces will shape the mobile remittance service industry going forward?

The mobile remittance service market major growth driver - Influence Of Smartphone Penetration On The Mobile Remittance Service Market. For further insights on the mobile remittance service market, request a sample here

What is the forecast market size or the forecast market value of the mobile remittance service market?

The mobile remittance service market size has grown rapidly in recent years. It will grow from $24.83 billion in 2023 to $24.83 billion in 2024 at a compound annual growth rate (CAGR) of 29.83%. The growth in the historic period can be attributed to rise in adoption of cloud-based technology, increase in mobile penetration, minimum administration & operational cost, rise in transparency among cloud providers, horizontal and vertical scalability. The mobile remittance service market size is expected to see rapid growth in the next few years. It will grow to $55.89 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to rise of contactless payments, focus on user experience, continued growth of mobile wallets, emergence of decentralized finance, focus on data security. Major trends in the forecast period include AI and machine learning integration, blockchain technology, enhanced regulatory support, expansion of financial inclusion initiatives, growth of P2P payments. For further insights on the mobile remittance service market, request a sample here

How is the mobile remittance service market segmented?

The mobile remittance service market is segmented
1) By Type: Inward Digital Remittance, Outward Digital Remittance
2) By Channel: Banks, Money Transfer Operators, Online Platforms, Other Channels
3) By Application: Migrant Labor Workforce, Low Income Households, Small Businesses, Other ApplicationsFor further insights on the mobile remittance service market,
request a sample here

Which region has the largest share of the mobile remittance service market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the mobile remittance service market in 2023. The regions covered in the mobile remittance service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the mobile remittance service market, request a sample here.

Who are the major players in the mobile remittance service market?

Major companies operating in the mobile remittance service market are PayPal Holdings Inc., The Western Union Company, Zeepay Company Limited, Toast Inc., Ria Financial Services Inc., MoneyGram International Inc., Wise Group Limited, Remitly Global Inc., Payoneer Inc., Zepz Group Limited, Flywire Corporation, OFX Group Limited, CurrencyFair Ltd., TransferGo Ltd., Currencycloud Limited, InstaReM Pte. Limited, Azimo Limited, TNG Wallet, Mobetize Corp., Monty Global Payments S.A.U., Avenues India Pvt Ltd, Digital Wallet Corporation, OrbitRemit Global Money Limited, USSC Acquisition Corp. (USSC), Mobile Money Network Ltd For further insights on the mobile remittance service market, request a sample here.

What are the key trends in the mobile remittance service market?

Major trend in the mobile remittance service market - Enhancing Mobile Remittance Services With International Transfers. For further insights on the mobile remittance service market, request a sample here.

What are the major opportunities in the mobile remittance service market? What are the strategies for the mobile remittance service market?

For detailed insights on the major opportunities and strategies in the mobile remittance service market, request a sample here.

How does the mobile remittance service market relate to the overall economy and other similar markets?

For detailed insights on mobile remittance service market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the mobile remittance service industry?

For detailed insights on the mergers and acquisitions in the mobile remittance service industry, request a sample here.

What are the key dynamics influencing the mobile remittance service market growth? SWOT analysis of the mobile remittance service market.

For detailed insights on the key dynamics influencing the mobile remittance service market growth and SWOT analysis of the mobile remittance service industry, request a sample here.