Global Remittance Market Insights: Impact of COVID-19 and Future Expectations to 2028

Publisher Name :
Date: 06-Apr-2023
No. of pages: 96

Remittance is the transfer of money by foreign migrants to their homes. Remittance channel consists of sender, recipient, intermediaries in both countries, and the payment interface used by the intermediaries. Certain international standards have been set by the World Bank to ensure security during money transfer transaction. The remittance system includes remittance network, remittance service providers (RSP), remittance corridors, and money transfer system.

The Remittance market revenue was 725464.77 Million USD in 2022, and will reach 763010.24 Million USD in 2028, with a CAGR of 0.84% during 2022-2028.

This report elaborates the market size, market characteristics, and market growth of the Remittance industry, and breaks down according to the type, application, and consumption area of Remittance. The report also introduces players in the industry from the perspective of the industry chain and marketing chain and describes the leading companies.

In Chapter 2.3 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Remittance in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.

Chapter 2.5 covers the analysis of the impact of COVID-19 from the perspective of the industry chain.

In addition, chapters 6-10 consider the impact of COVID-19 on the regional economy.

Key players in the global Remittance market covered in Chapter 11:

WeChatPay

Tansfast

Bank of America

Ria

JPMorgan Chase

Worldremit

OFX

WesternUnion

TransferWise

Wells Fargo

PayPal (Xoom)

Citibank

Azimo

Remitly

MoneyGram

In Chapter 3, on the basis of types, the Remittance market from 2018 to 2028 is primarily split into:

P2P (person to person)

P2B (Person to business)

B2B (business to business)

In Chapter 4, on the basis of applications, the Remittance market from 2018 to 2028 covers:

By Residence

By Company

By Government

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2028) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10:

North America (Covered in Chapter 6)

United States

Canada

Mexico

Europe (Covered in Chapter 7)

Germany

UK

France

Italy

Spain

Russia

Others

Asia-Pacific (Covered in Chapter 8)

China

Japan

South Korea

Australia

India

Middle East and Africa (Covered in Chapter 9)

Saudi Arabia

UAE

Egypt

South Africa

South America (Covered in Chapter 10)

Brazil

Argentina

Columbia

Years considered for this report:

Historical Years: 2018-2022

Base Year: 2022

Estimated Year: 2023

Forecast Period: 2023-2028

Global Remittance Market Insights: Impact of COVID-19 and Future Expectations to 2028

Table of Content

1 Report Overview
1.1 Research Objectives
1.2 Study Scope
1.3 Key Market Segments
1.4 Market Investment Scenario Strategic

2 Industry Insights
2.1 Industry Ecosystem Analysis
2.1.1 Industry Chain Analysis
2.1.2 Distribution Channel Analysis
2.2 Market Trend Analysis
2.2.1 Growth Drivers
2.2.2 Industry Constraints and Challenges
2.3 Industry Trends Under COVID-19
2.3.1 Risk Assessment on COVID-19
2.3.2 Assessment of the Overall Impact of COVID-19 on the Industry
2.3.3 Pre COVID-19 and Post COVID-19 Market Scenario
2.4 Industry Innovation Prospect Analysis
2.5 The Impact of Covid-19 From the Perspective of Industry Chain

3 Global Remittance Market, By Product Type
3.1 Global Remittance Sales, Revenue and Market Share by Types (2018-2023)
3.1.1 Global Remittance Sales and Market Share by Types (2018-2023)
3.1.2 Global Remittance Revenue and Market Share by Types (2018-2023)
3.1.3 Global Remittance Price by Types (2018-2023)
3.2 Key Trends by Types
3.3 Global Remittance Sales, Price and Growth Rate of P2P (person to person) (2018-2023)
3.4 Global Remittance Sales, Price and Growth Rate of P2B (Person to business) (2018-2023)
3.5 Global Remittance Sales, Price and Growth Rate of B2B (business to business) (2018-2023)

4 Global Remittance Market, By Applications
4.1 Global Remittance Consumption, Revenue and Market Share by Applications (2018-2023)
4.1.1 Global Remittance Consumption and Market Share by Applications (2018-2023)
4.1.2 Global Remittance Revenue and Market Share by Applications (2018-2023)
4.2 By Residence
4.3 By Company
4.4 By Government

5 Global Remittance Market, By Regions
5.1 Global Remittance Market Sales and Market Share by Regions
5.1.1 Global Remittance Sales by Regions (2018-2023)
5.1.2 Global Remittance Sales Market Share by Regions (2018-2023)
5.2 Global Remittance Market Revenue and Market Share by Regions
5.2.1 Global Remittance Revenue by Regions (2018-2023)
5.2.2 Global Remittance Revenue Market Share by Regions (2018-2023)
5.3 Key Trends by Regions
5.3.1 Emerging Market Analysis

6 North America Remittance Market Analysis
6.1 North America Remittance Market Size
6.1.1 North America Remittance Market Sales and Growth Rate (2018-2023)
6.1.2 North America Remittance Market Revenue and Growth Rate (2018-2023)
6.2 U.S. Remittance Market Size
6.3 Canada Remittance Market Size
6.4 Mexico Remittance Market Size
6.5 Key Macroeconomic Indicators
6.6 The Influence of COVID-19 on North America Market

7 Europe Remittance Market Analysis
7.1 Europe Remittance Market Size
7.1.1 Europe Remittance Market Sales and Growth Rate (2018-2023)
7.1.2 Europe Remittance Market Revenue and Growth Rate (2018-2023)
7.2 Germany Remittance Market Size
7.3 United Kingdom Remittance Market Size
7.4 France Remittance Market Size
7.5 Italy Remittance Market Size
7.6 Spain Remittance Market Size
7.7 Russia Remittance Market Size
7.8 Key Macroeconomic Indicators
7.9 The Influence of COVID-19 on Europe Market

8 Asia-Pacific Remittance Market Analysis
8.1 Asia-Pacific Remittance Market Size
8.1.1 Asia-Pacific Remittance Market Sales and Growth Rate (2018-2023)
8.1.2 Asia-Pacific Remittance Market Revenue and Growth Rate (2018-2023)
8.2 China Remittance Market Size
8.3 Japan Remittance Market Size
8.4 South Korea Remittance Market Size
8.5 Australia Remittance Market Size
8.6 India Remittance Market Size
8.7 Key Macroeconomic Indicators
8.8 The Influence of COVID-19 on Asia Pacific Market

9 Middle East and Africa Remittance Market Analysis
9.1 Middle East and Africa Remittance Market Size
9.1.1 Middle East and Africa Remittance Market Sales and Growth Rate (2018-2023)
9.1.2 Middle East and Africa Remittance Market Revenue and Growth Rate (2018-2023)
9.2 Saudi Arabia Remittance Market Size
9.3 UAE Remittance Market Size
9.4 Egypt Remittance Market Size
9.5 South Africa Remittance Market Size
9.6 Key Macroeconomic Indicators
9.7 The Influence of COVID-19 on Middle East and Africa Market

10 South America Remittance Market Analysis
10.1 South America Remittance Market Size
10.1.1 South America Remittance Market Sales and Growth Rate (2018-2023)
10.1.2 South America Remittance Market Revenue and Growth Rate (2018-2023)
10.2 Brazil Remittance Market Size
10.3 Argentina Remittance Market Size
10.4 Columbia Remittance Market Size
10.5 Key Macroeconomic Indicators
10.6 The Influence of COVID-19 on South America Market

11 Competition Landscape and Company Profiles
11.1 WeChatPay
11.1.1 WeChatPay Basic Information
11.1.2 WeChatPay Product Profiles, Application and Specification
11.1.3 WeChatPay Remittance Market Performance (2018-2023)
11.2 Tansfast
11.2.1 Tansfast Basic Information
11.2.2 Tansfast Product Profiles, Application and Specification
11.2.3 Tansfast Remittance Market Performance (2018-2023)
11.3 Bank of America
11.3.1 Bank of America Basic Information
11.3.2 Bank of America Product Profiles, Application and Specification
11.3.3 Bank of America Remittance Market Performance (2018-2023)
11.4 Ria
11.4.1 Ria Basic Information
11.4.2 Ria Product Profiles, Application and Specification
11.4.3 Ria Remittance Market Performance (2018-2023)
11.5 JPMorgan Chase
11.5.1 JPMorgan Chase Basic Information
11.5.2 JPMorgan Chase Product Profiles, Application and Specification
11.5.3 JPMorgan Chase Remittance Market Performance (2018-2023)
11.6 Worldremit
11.6.1 Worldremit Basic Information
11.6.2 Worldremit Product Profiles, Application and Specification
11.6.3 Worldremit Remittance Market Performance (2018-2023)
11.7 OFX
11.7.1 OFX Basic Information
11.7.2 OFX Product Profiles, Application and Specification
11.7.3 OFX Remittance Market Performance (2018-2023)
11.8 WesternUnion
11.8.1 WesternUnion Basic Information
11.8.2 WesternUnion Product Profiles, Application and Specification
11.8.3 WesternUnion Remittance Market Performance (2018-2023)
11.9 TransferWise
11.9.1 TransferWise Basic Information
11.9.2 TransferWise Product Profiles, Application and Specification
11.9.3 TransferWise Remittance Market Performance (2018-2023)
11.10 Wells Fargo
11.10.1 Wells Fargo Basic Information
11.10.2 Wells Fargo Product Profiles, Application and Specification
11.10.3 Wells Fargo Remittance Market Performance (2018-2023)
11.11 PayPal (Xoom)
11.11.1 PayPal (Xoom) Basic Information
11.11.2 PayPal (Xoom) Product Profiles, Application and Specification
11.11.3 PayPal (Xoom) Remittance Market Performance (2018-2023)
11.12 Citibank
11.12.1 Citibank Basic Information
11.12.2 Citibank Product Profiles, Application and Specification
11.12.3 Citibank Remittance Market Performance (2018-2023)
11.13 Azimo
11.13.1 Azimo Basic Information
11.13.2 Azimo Product Profiles, Application and Specification
11.13.3 Azimo Remittance Market Performance (2018-2023)
11.14 Remitly
11.14.1 Remitly Basic Information
11.14.2 Remitly Product Profiles, Application and Specification
11.14.3 Remitly Remittance Market Performance (2018-2023)
11.15 MoneyGram
11.15.1 MoneyGram Basic Information
11.15.2 MoneyGram Product Profiles, Application and Specification
11.15.3 MoneyGram Remittance Market Performance (2018-2023)

12 Global Remittance Market Forecast, By Type and Applications
12.1 Global Remittance Market Forecast by Types (2023-2028)
12.1.1 Global Remittance Market Forecast Sales and Market Share by Types (2023-2028)
12.1.2 Global Remittance Market Forecast Revenue and Market Share by Types (2023-2028)
12.2 Global Remittance Market Forecast by Applications (2023-2028)
12.2.1 Global Remittance Market Forecast Consumption and Market Share by Applications (2023-2028)
12.2.2 Global Remittance Market Forecast Revenue and Market Share by Applications (2023-2028)

13 Global Remittance Market Forecast, By Regions
13.1 Global Remittance Market Forecast Sales and Market Share by Regions (2023-2028)
13.2 Global Remittance Market Forecast Revenue and Market Share by Regions (2023-2028)
13.3 North America Remittance Market Forecast (2023-2028)
13.4 Europe Remittance Market Forecast (2023-2028)
13.5 Asia-Pacific Remittance Market Forecast (2023-2028)
13.6 Middle East and Africa Remittance Market Forecast (2023-2028)
13.7 South America Remittance Market Forecast (2023-2028)

14 Appendix
14.1 Methodology
14.2 Research Data Source
14.2.1 Secondary Data
14.2.2 Primary Data
14.2.3 Market Size Estimation
14.2.4 Legal Disclaimer

List of Tables and Figures

Table Remittance Key Market Segments
Figure Global Remittance Market Size and Growth Rate 2018-2028
Figure Channel Status of Remittance
Table Market Driving Factors of Remittance
Table Market Industry Constraints and Challenges of Remittance
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Table Global Remittance Sales by Types (2018-2023)
Table Global Remittance Sales Share by Types (2018-2023)
Table Global Remittance Revenue ($) by Types (2018-2023)
Table Global Remittance Revenue Share by Types (2018-2023)
Table Global Remittance Price by Types (2018-2023)
Figure Global P2P (person to person) Sales and Growth Rate (2018-2023)
Figure Global P2P (person to person) Price (2018-2023)
Figure Global P2B (Person to business) Sales and Growth Rate (2018-2023)
Figure Global P2B (Person to business) Price (2018-2023)
Figure Global B2B (business to business) Sales and Growth Rate (2018-2023)
Figure Global B2B (business to business) Price (2018-2023)
Table Global Remittance Consumption by Applications (2018-2023)
Table Global Remittance Consumption Share by Applications (2018-2023)
Table Global Remittance Revenue ($) by Applications (2018-2023)
Table Global Remittance Revenue Share by Applications (2018-2023)
Figure Global By Residence Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global By Company Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global By Government Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Remittance Sales and Growth Rate (2018-2023)
Table Global Remittance Sales by Regions (2018-2023)
Table Global Remittance Sales Market Share by Regions (2018-2023)
Figure Global Remittance Sales Market Share by Regions in 2022
Figure Global Remittance Revenue and Growth Rate (2018-2023)
Table Global Remittance Revenue by Regions (2018-2023)
Table Global Remittance Revenue Market Share by Regions (2018-2023)
Figure Global Remittance Revenue Market Share by Regions in 2022
Figure North America Remittance Market Sales and Growth Rate (2018-2023)
Table North America Remittance Sales by Countries (2018-2023)
Figure North America Remittance Market Revenue ($) and Growth Rate (2018-2023)
Table North America Remittance Revenue ($) by Countries (2018-2023)
Figure U.S. Remittance Market Sales and Growth Rate (2018-2023)
Figure U.S. Remittance Market Revenue and Growth Rate (2018-2023)
Figure Canada Remittance Market Sales and Growth Rate (2018-2023)
Figure Canada Remittance Market Revenue and Growth Rate (2018-2023)
Figure Mexico Remittance Market Sales and Growth Rate (2018-2023)
Figure Mexico Remittance Market Revenue and Growth Rate (2018-2023)
Figure North America COVID-19 Status
Figure Europe Remittance Market Sales and Growth Rate (2018-2023)
Table Europe Remittance Sales by Countries (2018-2023)
Figure Europe Remittance Market Revenue and Growth Rate (2018-2023)
Table Europe Remittance Revenue by Countries (2018-2023)
Figure Germany Remittance Market Sales and Growth Rate (2018-2023)
Figure Germany Remittance Market Revenue and Growth Rate (2018-2023)
Figure United Kingdom Remittance Market Sales and Growth Rate (2018-2023)
Figure United Kingdom Remittance Market Revenue and Growth Rate (2018-2023)
Figure France Remittance Market Sales and Growth Rate (2018-2023)
Figure France Remittance Market Revenue and Growth Rate (2018-2023)
Figure Italy Remittance Market Sales and Growth Rate (2018-2023)
Figure Italy Remittance Market Revenue and Growth Rate (2018-2023)
Figure Spain Remittance Market Sales and Growth Rate (2018-2023)
Figure Spain Remittance Market Revenue and Growth Rate (2018-2023)
Figure Russia Remittance Market Sales and Growth Rate (2018-2023)
Figure Russia Remittance Market Revenue and Growth Rate (2018-2023)
Figure Europe COVID-19 Status
Figure Asia-Pacific Remittance Market Sales and Growth Rate (2018-2023)
Table Asia-Pacific Remittance Sales by Countries (2018-2023)
Figure Asia-Pacific Remittance Market Revenue and Growth Rate (2018-2023)
Table Asia-Pacific Remittance Revenue by Countries (2018-2023)
Figure China Remittance Market Sales and Growth Rate (2018-2023)
Figure China Remittance Market Revenue and Growth Rate (2018-2023)
Figure Japan Remittance Market Sales and Growth Rate (2018-2023)
Figure Japan Remittance Market Revenue and Growth Rate (2018-2023)
Figure South Korea Remittance Market Sales and Growth Rate (2018-2023)
Figure South Korea Remittance Market Revenue and Growth Rate (2018-2023)
Figure Australia Remittance Market Sales and Growth Rate (2018-2023)
Figure Australia Remittance Market Revenue and Growth Rate (2018-2023)
Figure India Remittance Market Sales and Growth Rate (2018-2023)
Figure India Remittance Market Revenue and Growth Rate (2018-2023)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa Remittance Market Sales and Growth Rate (2018-2023)
Table Middle East and Africa Remittance Sales by Countries (2018-2023)
Figure Middle East and Africa Remittance Market Revenue and Growth Rate (2018-2023)
Table Middle East and Africa Remittance Revenue by Countries (2018-2023)
Figure Saudi Arabia Remittance Market Sales and Growth Rate (2018-2023)
Figure Saudi Arabia Remittance Market Revenue and Growth Rate (2018-2023)
Figure UAE Remittance Market Sales and Growth Rate (2018-2023)
Figure UAE Remittance Market Revenue and Growth Rate (2018-2023)
Figure Egypt Remittance Market Sales and Growth Rate (2018-2023)
Figure Egypt Remittance Market Revenue and Growth Rate (2018-2023)
Figure South Africa Remittance Market Sales and Growth Rate (2018-2023)
Figure South Africa Remittance Market Revenue and Growth Rate (2018-2023)
Figure South America Remittance Market Sales and Growth Rate (2018-2023)
Table South America Remittance Sales by Countries (2018-2023)
Figure South America Remittance Market Revenue and Growth Rate (2018-2023)
Table South America Remittance Revenue by Countries (2018-2023)
Figure Brazil Remittance Market Sales and Growth Rate (2018-2023)
Figure Brazil Remittance Market Revenue and Growth Rate (2018-2023)
Figure Argentina Remittance Market Sales and Growth Rate (2018-2023)
Figure Argentina Remittance Market Revenue and Growth Rate (2018-2023)
Figure Columbia Remittance Market Sales and Growth Rate (2018-2023)
Figure Columbia Remittance Market Revenue and Growth Rate (2018-2023)
Table WeChatPay Company Profile
Table WeChatPay Production, Value, Price, Gross Margin 2018-2023
Figure WeChatPay Production and Growth Rate
Figure WeChatPay Value ($) Market Share 2018-2023
Table Tansfast Company Profile
Table Tansfast Production, Value, Price, Gross Margin 2018-2023
Figure Tansfast Production and Growth Rate
Figure Tansfast Value ($) Market Share 2018-2023
Table Bank of America Company Profile
Table Bank of America Production, Value, Price, Gross Margin 2018-2023
Figure Bank of America Production and Growth Rate
Figure Bank of America Value ($) Market Share 2018-2023
Table Ria Company Profile
Table Ria Production, Value, Price, Gross Margin 2018-2023
Figure Ria Production and Growth Rate
Figure Ria Value ($) Market Share 2018-2023
Table JPMorgan Chase Company Profile
Table JPMorgan Chase Production, Value, Price, Gross Margin 2018-2023
Figure JPMorgan Chase Production and Growth Rate
Figure JPMorgan Chase Value ($) Market Share 2018-2023
Table Worldremit Company Profile
Table Worldremit Production, Value, Price, Gross Margin 2018-2023
Figure Worldremit Production and Growth Rate
Figure Worldremit Value ($) Market Share 2018-2023
Table OFX Company Profile
Table OFX Production, Value, Price, Gross Margin 2018-2023
Figure OFX Production and Growth Rate
Figure OFX Value ($) Market Share 2018-2023
Table WesternUnion Company Profile
Table WesternUnion Production, Value, Price, Gross Margin 2018-2023
Figure WesternUnion Production and Growth Rate
Figure WesternUnion Value ($) Market Share 2018-2023
Table TransferWise Company Profile
Table TransferWise Production, Value, Price, Gross Margin 2018-2023
Figure TransferWise Production and Growth Rate
Figure TransferWise Value ($) Market Share 2018-2023
Table Wells Fargo Company Profile
Table Wells Fargo Production, Value, Price, Gross Margin 2018-2023
Figure Wells Fargo Production and Growth Rate
Figure Wells Fargo Value ($) Market Share 2018-2023
Table PayPal (Xoom) Company Profile
Table PayPal (Xoom) Production, Value, Price, Gross Margin 2018-2023
Figure PayPal (Xoom) Production and Growth Rate
Figure PayPal (Xoom) Value ($) Market Share 2018-2023
Table Citibank Company Profile
Table Citibank Production, Value, Price, Gross Margin 2018-2023
Figure Citibank Production and Growth Rate
Figure Citibank Value ($) Market Share 2018-2023
Table Azimo Company Profile
Table Azimo Production, Value, Price, Gross Margin 2018-2023
Figure Azimo Production and Growth Rate
Figure Azimo Value ($) Market Share 2018-2023
Table Remitly Company Profile
Table Remitly Production, Value, Price, Gross Margin 2018-2023
Figure Remitly Production and Growth Rate
Figure Remitly Value ($) Market Share 2018-2023
Table MoneyGram Company Profile
Table MoneyGram Production, Value, Price, Gross Margin 2018-2023
Figure MoneyGram Production and Growth Rate
Figure MoneyGram Value ($) Market Share 2018-2023
Table Global Remittance Market Forecast Sales by Types (2023-2028)
Table Global Remittance Market Forecast Sales Share by Types (2023-2028)
Table Global Remittance Market Forecast Revenue ($) by Types (2023-2028)
Table Global Remittance Market Forecast Revenue Share by Types (2023-2028)
Table Global Remittance Market Forecast Consumption by Applications (2023-2028)
Table Global Remittance Market Forecast Consumption Share by Applications (2023-2028)
Table Global Remittance Market Forecast Revenue ($) by Applications (2023-2028)
Table Global Remittance Market Forecast Revenue Share by Applications (2023-2028)
Table Global Remittance Market Forecast Sales by Regions (2023-2028)
Table Global Remittance Market Forecast Sales Share by Regions (2023-2028)
Table Global Remittance Market Forecast Revenue ($) by Regions (2023-2028)
Table Global Remittance Market Forecast Revenue Share by Regions (2023-2028)
Figure North America Market Sales and Growth Rate Forecast (2023-2028)
Figure North America Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure Europe Market Sales and Growth Rate Forecast (2023-2028)
Figure Europe Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure Asia-Pacific Market Sales and Growth Rate Forecast (2023-2028)
Figure Asia-Pacific Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure Middle East and Africa Market Sales and Growth Rate Forecast (2023-2028)
Figure Middle East and Africa Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure South America Market Sales and Growth Rate Forecast (2023-2028)
Figure South America Market Revenue ($) and Growth Rate Forecast (2023-2028)
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