Global Digital Money Transfer and Remittance Market - Analysis By Type (Domestic, International), By Application (Consumer, Enterprise): Sizing, Growth, Opportunities and Forecast (2019-2024)

Global Digital Money Transfer and Remittance Market - Analysis By Type (Domestic, International), By Application (Consumer, Enterprise): Sizing, Growth, Opportunities and Forecast (2019-2024)

Executive Summary

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Digital Money Transfer and Remittance Market. The report analyses the Digital Money Transfer & Remittance Market of regions that include North America, Europe, APAC, ROW and countries that include U.S., Canada, U.K, Germany and China. The Digital Money Transfer & Remittance Market of the global market, regional and country markets have been presented for the historical period of 2017-2018 and the forecast period of 2019-2024.

According to Azoth Analytics research report, the Digital Money Transfer & Remittance market value is projected to display a robust growth represented by a CAGR of 11.75 % by value during 2019–2024.
Over the recent years, Digital Money Transfer and Remittance market has been witnessing considerable growth on the back of increasing growing urban and working population align with rising income and old population growing urbanization and Escalating application of POS systems in a number of industries such as Retail, Restaurants, Healthcare, Transportation, Ecommerce, among various others and on the other hand the ever-rising working population is diverting the consumer towards the digital payment. Amongst the countries, China accounts for the largest share in the Global Digital Money Transfer & Remittance Market in 2018.

The report has covered and analysed the potential of digital money transfer and remittance market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Digital Money Transfer & Remittance market. Additionally, the report also highlights market entry strategies for various companies across the globe.

Scope of the Report

Global Digital Money Transfer and Remittance Market (Actual Period: 2017-2018, Forecast Period: 2019-2024)
Sizing, Growth, Forecast
By Type: Domestic Money Transfer, International Money Transfer
By Application: Consumer & Enterprise

Regional Markets – North America, Europe, APAC, ROW (Actual Period: 2017-2018, Forecast Period: 2019-2024)
Sizing, Growth, Forecast
By Type: Domestic Money Transfer, International Money Transfer
By Application: Consumer & Enterprise

Country Analysis – U.S., Canada, UK, Germany, China (Actual Period: 2017-2018, Forecast Period: 2019-2024)
Sizing, Growth, Forecast
By Type: Domestic Money Transfer, International Money Transfer
By Application: Consumer & Enterprise

Other Report Highlights
Market Dynamics – Drivers and Restraints.
Market Trends.
SWOT Analysis.
Company Analysis – PayPal Inc., Avenues Payments India Pvt. Ltd., MoneyGram International Inc., Western Union Co., Ria Financial Co.




1. Research Methodology
2. Executive Summary
3. Strategic Recommendation
4. Digital Money Transfer & Remittance Market – Product Outlook
5. Global Digital Money Transfer & Remittance Market: An Analysis
5.1 Global Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billions)
Table 1: Global Digital Money Transfer & Remittance Market Size, By Value, 2017-2024 (In USD Billion)
5.2 Global Economic & Industrial Statistics
Table 2: Global GDP Growth, By Sector, 2018 (In %)
Table 3: Global GDP Growth, 2018 (In %)
Table 4: Global Spending on Housing, By Regions, 2018 (In USD Billion)
Table 5: Global Spending on Info & Comm. Technology, By Regions, 2018 (In USD Billion)
Table 6: Global Spending on Education, By Regions, 2018 (In USD Billion)
Table 7: International Tourist Arrivals, By Leading Countries 2017 (In Million )
Table 8: Healthcare Expenditure (Share of GDP), By Select Country, 2014-2018 (In %)
Table 9: Number of Middle Class Households Worldwide, 2014-2017 (in billion)
Table 10: Global Urban Population Growth, 2014-2018 (Annual %)
Table 11: Global Urban Population, 2014-2018 (% of total)
Table 12: Global Spending on Food & Beverages, By Regions, 2018 (In USD Billion)
Table 13: Global Expenditure on Food Per Capita, By Countries, 2016 (In USD)
Table 14: Global Women Labour Force, 2014-2018 (% of Total Labour Force)
Table 15: Global Consumer Spending on Eating Out, By Region, 2018 (In %)
Table 16: Global International Tourists Expenditure, 2014-2017 (in Current USD)
Table 17: Global International Tourism Number of Departures, 2014-2017 (In Billions)
Table 18: Global International Tourism Number of Arrivals, 2014-2017 (In Billions)
Table 19: Global transactions from customers to micro, small and medium retailers
Table A Top 10 Countries With The Highest Number Of ATMs Per Capita
Table 20: Automated teller machines (ATMs), Per 100,000 adults, 2014-2018
Table 21: Global POS Payment Method, 2018E (In %)
Table B Cash POS Payment Method, By Region, 2018E (In %)
5.3 Global Digital Money Transfer & Remittance Market: Segmental Analysis
5.3.1 Global Digital Money Transfer & Remittance Market, By Type
Table 22: Global Digital Money Transfer & Remittance Market Share, By Type, 2018 (%)
Table 23: Global Digital Money Transfer & Remittance Market Share, By Type, 2024F(%)
5.3.2 Global Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
Table 24: Global Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
5.3.3 Market Opportunity of Global Digital Money Transfer & Remittance Market – By Type (Year- 2024)
Table 25: Market Opportunity Chart of Global Digital Money Transfer & Remittance Market - By Type (Year- 2024)
5.3.4 Global Digital Money Transfer & Remittance Market Share– By Application
Table 26: Global Digital Money Transfer & Remittance Market Share, By Application, 2018 (%)
Table 27: Global Digital Money Transfer & Remittance Market Share, By Application, 2024F(%)
5.3.5 Global Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
Table 28: Global Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
5.3.6 Market Opportunity of Global Digital Money Transfer & Remittance Market – By Application (Year-2024)
Table 29: Market Opportunity Chart of Global Digital Money Transfer & Remittance Market – By Application (Year- 2024)
6. Global Digital Money Transfer & Remittance Market: Regional Analysis
6.1 Global Digital Money Transfer & Remittance Market Share, By Region, 2018 (%)
Table 30: Global Digital Money Transfer & Remittance Market Share, By Region, 2018 (%)
6.2 Global Digital Money Transfer & Remittance Market Share, By Region, 2024 (%)
Table 31: Global Digital Money Transfer & Remittance Market Share, By Region, 2024E (%)
6.3 Market Opportunity Chart of Global Digital Money Transfer & Remittance Market - By Region (Year- 2024)
Table 32: Market Opportunity Chart of Global Digital Money Transfer & Remittance Market - By Region (Year- 2024)
7. North America Digital Money Transfer & Remittance Market: An Analysis
7.1 North America Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion)
Table 33: North America Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion)
7.2 North America Economic & Industrial Statistics
Table 34: North America Urban Population, 2014-2017 (In % of Total)
Table 35: North America International Tourism - Number of Arrivals, 2014-2017 (In Millions)
Table 36: North America Health Care Expenditure, 2013-2016 (In %)
Table 37: North America Final Consumption Expenditure, 2014-2017 (In Current USD, Trillion)
Table 38: North America Internet Users, By Regions, 2018 (In %)
Table 39: North America Internet Penetration, By Regions, 2018 (In %)
able 40: North America, e-commerce payment methods, 2018E (In %)
Table 41: North America POS payment methods, 2018E (In %)
Table 42: North America, Cash Usage, By Select Country, 2018E (In %)
Table 43: North America, Non-cash Transaction Growth Estimates, 2015-2020E
Table 44: North America POS terminals revenue, 2015-2020F (USD Billion)
Table 45: Major Players in North America Digital Money Transfer Market
Table 46: Americas Travel & Tourism’s Contribution to GDP, Business VS Leisure, 2018 (In %)
Table 47: Americas Travel & Tourism’s Contribution to GDP, Domestic VS Foreign, 2018 (In %)
Table 48: Americas Total Contribution of Travel & Tourism to GDP, 2018 (In USD Billions)
7.3 North America Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
Table 49: North America Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
7.4 North America Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024
Table 50: North America Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
7.5 North America Digital Money Transfer & Remittance Market : Country Analysis
7.5.1 North America Digital Money Transfer & Remittance Market - Country Share
Table 51: North America Digital Money Transfer & Remittance Market Size, By Countries Share, 2018 (%)
Table 52: North America Digital Money Transfer & Remittance Market Size, By Countries Share, 2024E (%)
7.5.2 United States Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion)
Table 53: United States Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion)
7.5.3 United States Economic & Industrial Statistics
Table 54: US’ Total Personal Consumption Expenditure, 2015-2017, (In USD Billions)
Table 55: US’ Urban Population, 2014-2017 (In % of Total)
Table 56: US’ Per Capita Personal Consumption Expenditure, By Sectors, 2017 (In USD)
Table 57: US Arrival of International Tourists, 2014-2017 (In Millions)
Table 58: US’ Total Personal Consumption Expenditures, By Products, 2017 (In %)
Table 59: US’ Total Personal Consumption Expenditures, By Services, 2017 (In %)
Table 60: US Total Health Expenditure as a Share of GDP, 2013-2016 (In %)
Table 61: US Current Expenditure on Health, 2013-2016 (In USD Billions)
Table 62: US’ Food Expenditure by Final Purchaser, 2014-2017 (In USD Billions)
Table 63: US’ International Tourism Expenditure, In Current USD, 2014-2017 (In USD Billions)
7.5.4 US Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
Table 64: US Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
7.5.5 US Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
Table 65: US Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
7.5.6 Canada Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion)
Table 66: Canada Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion)
7.5.7 Canada Economic & Industrial Statistics
Table 67: Canada International Tourism Expenditure, In Current USD, 2014-2017 (In USD Billions)
Table 68: Canada Urban Population, 2014-2017 (In % of Total)
Table 69: Canada Final Consumption Expenditure, In Current USD, 2014-2017 (In Trillion)
Table 70: Canada Arrival of International Tourists, 2014-2017 (In Millions)
Table 71: Canada Total Average Expenditure Per Household, 2013-2017 (In USD)
Table 72: Canada Total Average Food Expenditure Per Household, 2013-2017 (In USD)
Table 73: Canada Total Retail Total & Ecommerce Total Sales, 2013-2017 (In USD Billion)
Table 74: Canada Ecommerce Sales, 2013-2017 (In % of Total Sales)
Table 75: Canada Total Health Expenditure as a Share of GDP, 2013-2016 (In %)
Table 76: Canada Current Expenditure on Health, 2013-2016 (In USD Billions)
7.5.8 Canada Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
Table 77: Canada Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
7.5.9 Canada Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
Table 78: Canada Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
8. Europe Digital Money Transfer & Remittance Market: An Analysis
8.1 Europe Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion)
Table 79: Europe Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion)
8.2 Europe Economic & Industrial Statistics
Table 80: European Union Urban Population, 2014-2017 (In % of Total)
Table 81: European Union Urban Population, 2014-2017 (In % of Total)
Table 82: EU-28 Internet Purchase By Individuals, 2014-2018 (In %)
Table 83: European Union Final Consumption Expenditure, 2014-2017 (In Current USD, Trillion)
Table 84: Europe Internet Access to Households, 2017 (In % of All Households)
Table 85: Europe Healthcare Expenditure, By Countries, 2016 (In % of GDP)
Table 86: Eu-28 Household Expenditure, By Consumption Purpose, 2017 (In % Share of Total)
Table 87: Europe Total Household Expenditure on Food & Non Alcoholic Beverages, 2017 (In % Share of Total)
8.3 Europe Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
Table 88: Europe Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
8.4 Europe Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024
Table 89: Europe Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
8.5 Europe Digital Money Transfer & Remittance Market : Country Analysis
8.5.1 Europe Digital Money Transfer & Remittance Market - Country Share
Table 90: Europe Digital Money Transfer & Remittance Market Size, By Countries Share, 2018 (%)
Table 91: Europe Digital Money Transfer & Remittance Market Size, By Countries Share, 2024E (%)
8.5.2 UK Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion)
Table 92: UK Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion)
8.5.3 UK Economic & Industrial Statistics
Table 93: UK % of Urban Population, 2013-2017 (In %)
Table 94: UK International Tourist Arrivals, 2014-2017, (In Millions)
Table 95: UK Final Consumption Expenditure, Current USD, 2014-2017, (In USD Trillion)
Table 96: UK Internet Purchases by Individuals, 2014-2018 (In % of Individuals)
Table 97: UK Internet Usage by Individuals, 2014-2018 (In %)
Table 98: UK Household Level of Internet Access, 2014-2018 (In % of Households)
Table 99: UK Household Consumption Expenditure, By Purpose, 2017 (In % of Total Expenditure)
Table 100: UK Total Health Expenditure as a Share of GDP, 2013-2016 (In %)
Table 101: UK Current Expenditure on Health, 2013-2016 (In USD Billions)
8.5.4 UK Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
Table 102: UK Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
8.5.5 UK Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
Table 103: UK Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
8.5.6 Germany Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion)
Table 104: Germany Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion)
8.5.7 Germany Economic & Industrial Statistics
Table 105: Germany % of Urban Population, 2013-2017 (In %)
Table 106: Germany International Tourist Arrivals, 2014-2017, (In Millions)
Table 107: Germany Final Consumption Expenditure, Current USD, 2014-2017, (In USD Trillion)
Table 108: Germany Internet Purchases by Individuals, 2014-2018 (In % of Individuals)
Table 109: Germany Internet Usage by Individuals, 2014-2018 (In %)
Table 110: Germany Household Level of Internet Access, 2014-2018 (In % of Households)
Table 111: Germany Household Consumption Expenditure, By Purpose, 2017 (In % of Total Expenditure)
able 112: Germany Total Health Expenditure as a Share of GDP, 2013-2016 (In %)
Table 113: Germany Current Expenditure on Health, 2013-2016 (In USD Billions)
8.5.8 Germany Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
Table 114: Germany Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
8.5.9 Germany Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
Table 115: Germany Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
9. Asia Pacific Digital Money Transfer & Remittance Market: An Analysis
9.1 Asia Pacific Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion)
Table 116: APAC Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion)
9.2 Asia Pacific Economic & Industrial Statistics
Table 117: Asia Pacific Urban Population, 2014-2017 (In % of Total)
Table 118: Asia Pacific International Tourism – Number of Arrivals, 2014-2017 (In Millions)
Table 119: Asia Pacific Health Care Expenditure, 2013-2016 (In % of GDP)
Table 120: Asia Pacific Final Consumption Expenditure, 2014-2017 (In Current USD, Trillion)
Table 121: Asia Pacific Employment, By Number of Persons Employed, 2014-2018 (In Billions)
Table 122: Asia Pacific Employment to Population Ratio, 2014-2018 (In %)
Table 123: Asia Internet Penetration, March 2019, (In %)
9.3 Asia Pacific Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
Table 124: APAC Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
9.4 Asia Pacific Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024
Table 125: APAC Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
9.5 Asia Pacific Digital Money Transfer & Remittance Market : Country Analysis
9.5.1 Asia Pacific Digital Money Transfer & Remittance Market - Country Share
Table 126: APAC Digital Money Transfer & Remittance Market Size, By Countries Share, 2018 (%)
Table 127: APAC Digital Money Transfer & Remittance Market Size, By Countries Share, 2024E (%)
9.5.2 China Digital Money Transfer & Remittance Market, Size, By Value, 2017-2024 (USD Billion)
Table 128: China Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion)
9.5.3 China Economic & Industrial Statistics
Table 129: China % of Urban Population, 2013-2017 (In %)
Table 130: China International Tourist Arrivals, 2014-2017, (In Millions)
Table 131: China Final Consumption Expenditure, Current USD, 2014-2017, (In USD Trillion)
Table 132: China Individuals Using the Internet, 2013-2017 (In % of Population)
Table 133: China Growth Rate of Retail Sales of Consumer Goods, 2018 (In Month on Month %)
Table 134: China Total Number of Employed Persons, 2013-2017 (In Billions)
Table 135: China Total Health Expenditure as a Share of GDP, 2013-2016 (In %)
Table 136: China Current Expenditure on Health, 2013-2016 (In USD Billions)
9.5.4 China Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
Table 137: China Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
9.5.5 China Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
Table 138: China Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
10. Rest Of The World Digital Money Transfer & Remittance Market: An Analysis
10.1 ROW Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion)
Table 139: Rest of the World Digital Money Transfer & Remittance Market, By Value, 2017-2024 (USD Billion)
10.2 ROW Economic & Industrial Statistics
Table 140: Rest of the World Urban Population Growth, 2013-2017 (In Annual %)
Table 141: Rest of the World Urban Population, 2013-2017 (In % of Total)
Table 142: Rest of the World International Tourism – Number of Arrivals, 2014-2017 (In Millions)
Table 143: Rest of the World Final Consumption Expenditure, 2014-2017 (In Current USD, Trillion)
Table 144: Rest of the World Share of Total Final Consumption, By Sector, 2016 (In %)
Table 145: Rest of the World Health Expenditure, 2013-2016 (In % of GDP)
10.3 ROW Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
Table 146: ROW Digital Money Transfer & Remittance Market - By Type, By Value, 2017-2024 (USD Billion)
10.4 ROW Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024
Table 147: ROW Digital Money Transfer & Remittance Market – By Application, By Value, 2017-2024 (USD Billion)
11. Global Digital Money Transfer & Remittance Market Dynamics
11.1 Market Drivers
11.1.1 Growing adoption of POS Systems by Small Businesses
11.1.2 Enhanced convenience of payment
11.1.3 Escalating number of New Market Entrants
11.1.4 Evolution of E-commerce
11.2 Market Restraints
11.2.1 Cash Still Being the Threat
11.2.2 Growing threats of Cyber Crime
11.3 Market Trends
11.3.1 Partnership between banks & Companies
11.3.2 E-wallet emergence
11.4 Global Meal Replacement Market: Competitive Landscape
11.4.1 SWOT Analysis
12. Company Profiles
12.1 PayPal Inc.
12.1.1 Business Overview
12.1.2 Recent Developments
12.1.3 Financial Overview : Annual Revenue
Table 148: PayPal Inc. Sales Revenue, 2014-2018 (In USD Billion)
Table 149: PayPal Inc. Net Revenue, 2014 - 2018 (In USD Million)
12.1.4 Segmental Overview : Net Revenue
Table 150: PayPal Inc. Sales Revenue, By Region, 2018 (In %)
Table 151: PayPal Inc. Sales Revenue, By Business Sector, 2018 (In %)
12.2 Avenues Payments India Pvt. Ltd.
12.3 MoneyGram International Inc.
12.3.1 Business Overview
12.3.2 Recent Developments
12.3.3 Financial Overview : Annual Revenue
Table 152: MoneyGram International Inc. Sales Revenue, 2014-2018 (In USD Million)
Table 153: MoneyGram International Inc. Net Profit/Loss, 2014-2018 (In USD Millions)
12.3.4 Segmental Overview : Net Revenue
Table 154: MoneyGram International Inc. Sales Revenue, By Business Segment, 2018 (In %)
12.4 Western Union Co.
12.4.1 Business Overview
12.4.2 Recent Developments
12.4.3 Financial Overview : Annual Revenue
Table 155: Western Union Co. Sales Revenue, 2014-2018 (In USD Million)
Table 157: Western Union Co. Net Revenue, 2014-2018 (In USD Million)
12.4.4 Segmental Overview : Net Revenue
Table 158: Western Union Co. Revenue, By Regional Segment, 2018 (In %)
Table 156: Western Union Co. Revenue, By Business Segment, 2018 (In %)
12.5 Ria Financial Co.

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