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.
Latest Report Available at Orbis research Remittance Market provides pin-point analysis for changing competitive dynamics and a forward looking perspective on different factors driving or restraining industry growth.
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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 (2018-2022)” 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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Some points From TOC:
1.2 Components of Remittance Marketplace
1.3 Remittance Market Value Chain
- Remittance Market Analysis
2.1 Global Remittance Inflow
2.2 Global Remittance Inflow Forecast
2.3 Global Remittance Inflow to Low-Middle Income Region
2.4 Global Remittance Inflow to Low-Middle Income Region Forecast
2.5 Global Remittance Inflow by Countries
2.5.1 India Remittance Inflow Forecast
2.5.2 China Remittance Inflow Forecast
2.5.3 Philippines Remittance Inflow Forecast
2.5.4 Mexico Remittance Inflow Forecast
2.5.5 Pakistan Remittance Inflow Forecast
2.6 Global Remittance Outflow by Countries
2.6.1 The U.S. Remittance Outflows Forecast
2.6.2 Saudi Arabia Remittance Outflows Forecast
2.6.3 Switzerland Remittance Outflows Forecast
2.6.4 Germany Remittance Outflows Forecast
- Lower Middle Income Regions Remittance Market Analysis
3.1 East Asia-Pacific Remittance Inflow Forecast
3.2 South Asia Remittance Inflow Forecast
3.3 Latin America & Caribbean Remittance Inflow Forecast
3.4 Middle East & North Africa Remittance Inflow Forecast
3.5 Europe & Central Asia Remittance Inflow Forecast
3.6 Sub Saharan Africa Remittance Inflow Forecast
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- Market Dynamics
4.1 Growth Drivers
4.1.1 Decreasing Remittance Costs
4.1.2 Increasing International Migration
4.1.3 Improving Economic Growth
4.1.4 Increasing Youth Unemployment Rate
4.1.5 Growing Urbanization
4.1.6 Growing Population of Refugees
4.1.7 Increasing Disposable Income
4.2 Key Trends
4.2.1 Fluctuating Remittance Costs by Region
4.2.2 Average Remittance Sending Costs by G20 Countries
4.2.3 Unstable Remittance Costs by Remittance Service Providers (RSPs)
4.2.4 Remittance Costs by Sending and Receiving Methods
4.2.5 Rising Demand of Mobile Payment Transactions
4.2.6 Growing Options of Sending Money
4.3.1 De-risking Practices
4.3.2 Government Regulations
5.1 Global Market
5.1.1 Revenue Comparison of Key Players
5.1.2 Market Cap Comparison of Key Players
5.1.3 Cross Border Money Transfer Volume Comparison of Key Players
5.1.4 Comparison of Services Offered by Money Transfer Operators
- Company Profiles
6.1 PayPal Holdings Inc.
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 Western Union
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 MoneyGram International Inc.
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
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