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Detailed Analysis Report on Asia-Pacific Digital Remittance Market 2018-2025 including key players: InstaReM, Remitly, Flywire, SingX Pte, Azimo Limited, WorldRemit, TransferWise, Ripple

08-02-2019 06:10 AM CET | IT, New Media & Software

Press release from: Premium Market Insights

Detailed Analysis Report on Asia-Pacific Digital Remittance

The Asia-Pacific digital remittance market was valued at $31,234 million in 2016, and is projected to reach at $215,817 million by 2025, growing at a CAGR of 24.2% from 2018 to 2025.

Rise in cross-border transactions and mobile-based payment channels, reduced remittance cost & transfer time, and growth in adoption of banking & financial services drive the growth of the market. However, lack of awareness and slowdown of the remittance industry in Asia-Pacific is expected to impede the market growth. Conversely, continuous technological innovations in digital remittance industry as well as rise in internet and mobile penetration in this region are expected to present major opportunities for market expansion in the near future.

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Some of the key market players profiled in the report include InstaReM, Remitly, Inc., Flywire, SingX Pte Ltd., Azimo Limited, WorldRemit Ltd., TransferWise Ltd., Ripple, MoneyGram, and TNG Wallet.

The Asia-Pacific digital remittance market is segmented based on remittance type, remittance channel, end user, and country. Based on remittance type, the market is bifurcated into inward and outward digital remittance. Based on remittance channel, the market is divided into bank, money transfer operator, and others. By end user, it is categorized into personal and business. Based on country, it is analyzed across China, Japan, India, Hong Kong, Singapore, Taiwan, Indonesia, and Rest of Asia-Pacific.

The study provides an in-depth analysis of the Asia-Pacific digital remittance market and current & future trends to elucidate the imminent investment pockets. Also Porter's Five Forces analysis illustrates the potency of buyers and suppliers operating in the Asia-Pacific digital remittance industry.

Key Findings of the Asia-Pacific Digital Remittance Market:

1) By remittance type, outward digital remittance segment is expected to exhibit significant growth in the Asia-Pacific digital remittance market during the forecast period.

2) In 2016, China accounted for the highest revenue among the other regions.

3) Based on remittance channel, the money transfer operators (MTOs) segment generated the highest revenue in 2016.

4) By end user, personal segment is anticipated to exhibit substantial growth during the forecast period.

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Table Of Contents

Chapter 1: Introduction

1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Research Methodology

Chapter 2: Executive Summary

2.1. Cxo Perspective

Chapter 3: Market Overview

3.1. Market Definition And Scope
3.2. Key Findings
3.3. Porter’s Five Forces Analysis
3.4. Demographic And Psychographic Analysis Of Customers
3.5. Key Insights On Ticket Size
3.6. Key Player Positioning, 2016
3.7. Market Dynamics

Chapter 4: Asia-Pacific Digital Remittance Market, By Remittance Type

4.1. Overview
4.2. Inward Digital Remittance
4.3. Outward Digital Remittance

Chapter 5: Asia-Pacific Digital Remittance Market, By Remittance Channel

5.1. Overview
5.2. Banks
5.3. Money Transfer Operator
5.4. Others

Chapter 6: Asia-Pacific Digital Remittance Market, By End User

6.1. Overview
6.2. Business
6.3. Personal

Chapter 7: Asia-Pacific Digital Remittance Market, By Country

7.1. Overview
7.2. China
7.3. Japan
7.4. India
7.5. Hong Kong
7.6. Singapore
7.7. Taiwan
7.8. Indonesia

7.9. Rest Of Asia-Pacific

Chapter 8: Company Profiles

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