openPR Logo
Press release

At 23.2% CAGR, Remittance Software Market is Surging with $3323.4 Million by 2025 - Remit Anywhere, FinCode Ltd., MTS, Girmiti Software Private Limited, Grey Systems, ControlBox Corp. NextGen Systems UK Limited

06-09-2020 08:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
Remittance software is a money transfer software which provides online transfer of money by the use of, online portal, money transfer app, and mobile phone apps. In addition to this, the entry of mobile based money transfer online players has put the remittance market dynamics into an interesting situation.

Latest market study on "Remittance Software Market 2025 by Software (Web-based, and App based); Deployment Type (Cloud, and On-premise); & Application (Personal Remittance, Business Remittance, Public Services Remittance) - Global Analysis and Forecast", the Remittance Software market is estimated to reach US$ 3323.4 million by 2025 from US$ 1279.6 million in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Get Sample Copy at https://www.theinsightpartners.com/sample/TIPTE100000862?utm_source=OpenPR&utm_medium=10051

The propagation of smartphone and mobile app based remittance service are some of the trends contributing to the emerging remittance software market. Almost all the industry verticals are increasingly demanding Remittance software capabilities that improve the mobile workers' collaboration and productivity while limiting security risks. Similarly, with the increase in customer demands and expectation remittance industry also innovating with the growth of smartphones and other smart devices by providing online transfer more convenient and cheaper. Although, emerging technologies such as blockchain, AI, and big data has created massive opportunities in remittance market by reducing inefficiencies and inaccuracy with the help of automation.

There has been constant development in remittance software industry. Recently, Fiserv declared that BDO Unibank (Philippines) has extended its relationship with the company. Based on a pervious relationship with Fiserv for more than18 years, the bank will modify Signature core account processing platform with the latest version and to increase managed services from Fiserv. Also, RemitONE and Daytona (Europe) join hands to monitor online, agent, and mobile-based transactions with high security across multiple corridors. Providers have entered into an agreement to implement advanced remittance technology that includes AML & KYC procedures so as to provide range of appropriate money transfer services across Africa, the UK, South Asia and Middle East.

Some of the leading remittance software market players include Remit One Ltd., Remit Anywhere, FinCode Ltd., MTS, Girmiti Software Private Limited, Grey Systems, ControlBox Corp. NextGen Systems UK Limited, Fiserv, Inc., and Daemon Software among others.

The banking industry had already established their own remittance system but lack of availability of these banks or their networks in the remote areas of developing countries has left large scopes for improvement in the remittance services industry. As a result, there has been a marked rise in the awareness amongst the masses about the various available modes for money transfers. The market for remittance software is highly fragmented market with the top ten companies accounting for approximately 20% of the market share.

APAC is largest adopter of remittance software, followed by North America and South America region. This is attributable to growing numbers of migrants across border and increasing technological trends is anticipated to be the fastest growing region in terms of remittance software market.

The report focuses on an in-depth segmentation of remittance software market based by software, by deployment type, and by application. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further bifurcated by respective countries. By application segment personal remittance software accounted for the largest market share and highest market growth in 2017; whereas, APAC region is expected to grow at the highest CAGR during the forecast period.

Buy Complete Report at https://www.theinsightpartners.com/buy/TIPTE100000862?utm_source=OpenPR&utm_medium=10051

Contact us –
Phone : +1-646-491-9876
Email Id :sales@theinsightpartners.com
Website: https://www.theinsightpartners.com

About Us – The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release At 23.2% CAGR, Remittance Software Market is Surging with $3323.4 Million by 2025 - Remit Anywhere, FinCode Ltd., MTS, Girmiti Software Private Limited, Grey Systems, ControlBox Corp. NextGen Systems UK Limited here

News-ID: 2070140 • Views:

More Releases from The Insight Partners

Medical Simulation Market Poised for Strong Growth at 15.9% CAGR Through 2031 and Beyond
Medical Simulation Market Poised for Strong Growth at 15.9% CAGR Through 2031 an …
New York, US - October 15, 2025 - The Medical Simulation Market is experiencing rapid transformation, projected to grow at a remarkable CAGR of 15.9% from 2025 to 2031. This surge reflects the healthcare sector's commitment to improving patient safety, procedural accuracy, and clinical preparedness through cutting-edge training technologies. No longer confined to simple models or mannequins, today's simulation systems integrate virtual reality (VR), augmented reality (AR), and artificial intelligence (AI)
Welding Pen Market Strengthens with Precision Tool Demand
Welding Pen Market Strengthens with Precision Tool Demand
New York, US - October 15, 2025 - The global Welding Pen Market is gaining remarkable traction as industrial sectors demand tools capable of delivering precision welding under extreme conditions. A recently published report by The Insight Partners predicts sustained expansion through 2031 as sectors like petrochemicals, water treatment, and infrastructure renewals increasingly adopt high performance 45A welding pens. This upswing reflects both technical innovation and growing industry reliance on
Riding the Waves: An In Depth Look at the Jon Boat Market
Riding the Waves: An In Depth Look at the Jon Boat Market
In recent years, the Jon boat segment - flat bottomed utility boats often used for fishing, hunting, or shallow-water recreation - has quietly but steadily gained momentum. According to The Insight Partners, the Jon Boat Market is poised for robust growth through to 2031, fueled by emerging consumer trends, technological innovation, and strategic moves by key players. Get Sample PDF- https://www.theinsightpartners.com/sample/TIPRE00021247/?utm_source=OpenPR&utm_medium=10752 Market Overview & Growth Drivers Jon boats (also spelled "jon boats")
Shaping the Future with Light: Inside the Electro-Optical Sensor Market
Shaping the Future with Light: Inside the Electro-Optical Sensor Market
Electro optical sensors are devices that convert light (optical signals) into electrical signals, often integrating optics, detectors, and electronics. They play a vital role in imaging, position sensing, fiber optics, and many surveillance or automation applications. According to The Insight Partners, the Electro Optical Sensor Market is segmented by type (fiber optics, image sensors, position sensors) and application (oil & gas, border security, smart homes) across global geographies. Check valuable

All 5 Releases


More Releases for Remit

Europe Remittance Software Market In-depth Analysis by Statistics & Outlook 2028 …
Business Market Insights Latest update on “Europe Remittance Software Market” Analysis, Europe Remittance Software market growth analysis and Projection by – 2028. This report is highly predictive as it holds the overall market analysis of topmost companies into the Europe Remittance Software industry. With the classified Europe Remittance Software market research based on various growing regions this report provide leading players portfolio along with sales, growth, market share and so
Europe Remittance Software Market Increasing Demand Due to COVID-19 Including To …
Businessmarketinsights Latest update on “Europe Remittance Software Market” Analysis, Europe Remittance Software market growth analysis and Projection by – 2027. This report is highly predictive as it holds the overall market analysis of topmost companies into the Europe Remittance Software industry. With the classified Europe Remittance Software market research based on various growing regions this report provide leading players portfolio along with sales, growth, market share and so on. Remittance software
North America Remittance Software Market Growth Analysis Till 2027 | Expert Rese …
The latest research documentation titled “North America Remittance Software Market” is a recently Published on business market insights that covers every aspect of North America Remittance Software 2020 along with an in-detailed analysis of growth elements, trends, Forecast, size, Share, demand, and distribution. This report also evaluates the past and current North America Remittance Software Market values to predict future market directions between the forecast period 2020 to 2027. Remittance
Remittance Software Market with highest growth in the near future Leading Player …
Global remittance software market is expected to grow from US$ 1279.64 Mn in 2017 to US$ 3323.41 Mn by 2025 at a CAGR of 12.7% during the forecast period. The scope of study involves B2B, B2C and money transaction between families living abroad by using smartphone, tablet and computer. Also, provides the estimate and forecast of the revenue and market share analysis and also spots the significant remittance software market
Remittance Software Market Analysis 2019-2025 by Key Companies – Remit One, Re …
Worldwide Remittance Software Market Analysis to 2025 is a specialized and in-depth study of the Remittance Software industry with a focus on the global market trend. The report aims to provide an overview of global Remittance Software Market with detailed market segmentation by product/application and geography. The global Remittance Software Market is expected to witness high Growth during the forecast period. The report provides key statistics on the market status
Remittance Software Market Outlook to 2025 - Remit One, Remit Anywhere, FinCode, …
Global remittance software market is expected to grow from US$ 1279.64 Mn in 2017 to US$ 3323.41 Mn by 2025 at a CAGR of 12.7% during the forecast period. An off-the-shelf report on Remittance Software Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry