Profile image
Story Views

Last Hour:
Last 24 Hours:

Remittance Industry Trends, Growth Drivers and Forecasts Analysis 2020

Friday, March 10, 2017 0:23
% of readers think this story is Fact. Add your two cents.

 “Global Remittance Market: Industry Analysis & Outlook (2015-2020)” research report added to  under banking and financial services segment of its online business intelligence and data library.

The remittance industry contributes to the economic growth of the countries participating in the practice as well as to the livelihood of the individuals involved. The remittance system is comprised of the Remittance Service Providers (RSP), Remittance Corridors, the Remittance Network and the Money transfer system. Remittance Market Services are divided primarily on the basis of ways a network of access points is created and linked. There are broadly four categories: unilateral services, franchised services, negotiated services and open services.

The key factors driving the growth of remittance market are increasing international migration, growing urbanization, accelerating economic growth and rising employment opportunities. A noteworthy trend of this industry is cost by sending and receiving method, unstable remittance cost, increased access to financial services, changing technology landscape for payments, more convenience and lesser costs, advancement in technology, and maturing of immigrant communities. However, the expansion of the market is hindered by de-risking is threatening the industry and access points establishment.

Purchase This Report at

The report “Global Remittance Market” provides an in-depth analysis of the global remittance market, along with a study of top remittance receiving and contributing countries. The report also includes detailed description of regional markets. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as MoneyGram International Inc., Western Union Company and Euronet Worldwide Inc. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.

Few Points from List of Charts:

Account-Based Model
Basic Non-Account Based Model
Value Chain: Remittance Industry
Global Remittance Inflow (2015-2020)
Global Average Remittance Cost by Region (Q12014-Q42016)
Global Average Cost by Remittance Service Provider (Q12014-Q42016)
Remittance Flow to Low and Middle Income Countries (2015-2020)
Remittance Flow to East Asia and Pacific Region (2015-2020)
Remittance Flow to Europe and Central Asia Region (2015-2020)
Remittance Flow to Latin America & Caribbean Region (2015-2020)
Remittance Flow to Middle East and North Africa Region (2015-2020
Remittance Flow to South Asia Region (2015-2020)
Remittance Flow to Sub Saharan Africa (2015-2020)
Remittances Market by Largest Receiving Countries (2016)
Top 10 Recipients of Migrant Remittances as % of GDP (2015)
Remittance Inflows in India (2015-2020)
Remittance Inflows in China (2015-2020)
Remittance Inflows in Philippines (2015-2020)

Explore more related reports on banking and financial services market at

About Us:
MarketReportsOnline comprises of an online library of 2,50,000 reports and in-depth market research studies of over 5000+ micro markets. We provide 24/7 online and offline support to our customers. Get in touch with us for your needs of market research reports.

Contact Us:
Ritesh Tiwari
2nd Floor, Metropole,
Next to Inox Theatre,
Bund Garden Road,
Pune – 411001.
Maharashtra, India.
Tel: + 1 888 391 5441

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.