Digital Remittance Market Size, Trends & Growth Opportunity By Type (Inward Remittance, and Outward Remittance), By Remittance Channel (Online Inward Remittances, Money Transfer Operators, Banks, and Others), By End User (Migrant Labor Workforce, Individual/Personal, and Businesses), By Region and Forecast till 2027
Market Overview
Global Digital Remittance Market was valued at USD 62.73 billion in 2021 which is expected to reach USD 77.87 billion by 2027 at a CAGR 3.5% from 2022-2027.
Digital remittances are a potent monitoring tool that could have a positive impact on both the local and global economies. Banking services that offer connectivity, identity, and literacy solutions are used to manage a wide range of economic situations. Government support helped the private and public sectors develop digital remittance in large part. 
Market Drivers
The key factor that will fuel the growth of the global digital remittance market is the rise in demand for faster, safer, and more secure cross-border financial transactions. Additionally, the growing demand for digital remittance will help drive market expansion. This is because it will be more necessary to receive payments from customers. In addition, the market will grow at a faster rate during this forecast due to the rise in smartphone penetration and the number of digitally savvy customers choosing to send money digitally. Period. 
Market Restraints
However, lack of knowledge and direction is the main obstacle that is anticipated to restrain the growth of the global digital remittance market.
Market Segmentation
Global Digital Remittance Market is segmented into type such as Inward Remittance, and Outward Remittance, by Remittance Channel such as Online Inward Remittances, Money Transfer Operators, Banks, and Others. Further, market is segmented into end user such as Migrant Labor Workforce, Individual/Personal, and Businesses.
Also, Global Digital Remittance Market is segmented into five such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region dominated the market. The region's digital remittance service providers should benefit from growth opportunities brought on by the increasing immigrant population. Additionally, with the introduction of numerous payment applications, the trend of quicker money transfers has gained traction in the North American region.
Market Key Players
Various key players are discussed in this report such as Mobetize Corp., MoneyGram, Ripple, TransferWise, WorldRemit, Azimo, Currency Cloud, peerTransfer, Regalii, and Remitly.
Market Taxonomy
By Type
• Inward Remittance
• Outward Remittance
By Remittance Channel
• Online Inward Remittances
• Money Transfer Operators
• Banks
• Others
By End User
• Migrant Labor Workforce
• Individual/Personal
• Businesses
By Region
• North America
• Latin America
• Europe
• Asia pacific
• Middle East & Africa

Global Digital Remittance Market TOC 
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global  Digital Remittance Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Digital Remittance Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global Digital Remittance Market Share Analysis, By Type 
5.3 Global Digital Remittance Market Size and Forecast, By Type
5.3.1 Inward Remittance 
5.3.2 Outward Remittance
6 Global  Digital Remittance Market, By Remittance Channel
6.1 Y-o-Y Growth Comparison, By Remittance Channel
6.2 Global Digital Remittance Market Share Analysis, By Remittance Channel
6.3 Global Digital Remittance Market Size and Forecast, By Remittance Channel
6.3.1 Online Inward Remittance
6.3.2 Money Transfer Operators
6.3.3Banks
6.3.4Others
7 Global Digital Remittance Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Digital Remittance Market Share Analysis, By End User
7.3 Global Digital Remittance Market Size and Forecast, By End User
7.3.1 Migrant Labor Workforce
7.3.2 Individual/Personal
7.3.3Businesses
8Global Digital Remittance Market, By Region
8.1 Global Digital Remittance Market Share Analysis, By Region
8.2 Global Digital Remittance Market Share Analysis, By Region
8.3 Global Digital Remittance Market Size and Forecast, By Region
9 North America Digital Remittance Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Digital Remittance Market Share Analysis, By Type
9.3 North America Digital Remittance Market Size and Forecast, By Remittance Channel
9.4 North America Digital Remittance Market Size and Forecast, By End User
9.5 North America Digital Remittance Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe Digital Remittance Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Digital Remittance Market Share Analysis, By Type 
10.3 Europe Digital Remittance Market Size and Forecast, By Remittance Channel 
10.4 Europe Digital Remittance Market Size and Forecast, By End User
10.5 Europe Digital Remittance Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Digital Remittance Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Digital Remittance Market Share Analysis, By Type 
11.3 Asia Pacific Digital Remittance Market Size and Forecast, By Remittance Channel 
11.4 Asia Pacific Digital Remittance Market Size and Forecast, By End User
11.5 Asia Pacific Digital Remittance Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Digital Remittance Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Digital Remittance Market Share Analysis, By Type 
12.3 Latin America Digital Remittance Market Size and Forecast, By Remittance Channel 
12.4 Latin America Digital Remittance Market Size and Forecast, By End User
12.5 Latin America Digital Remittance Market Size and Forecast, Country
13Middle East Digital Remittance Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Digital Remittance Market Share Analysis, By Type 
13.3 Middle East Digital Remittance Market Size and Forecast, By Remittance Channel 
13.4 Middle East Digital Remittance Market Size and Forecast, By End User
13.5 Middle East Digital Remittance Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Mobetize Corp
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 MoneyGram
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Ripple
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 TransferWise
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 WorldRemit
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Azimo, Currency Cloud
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 peerTransfer
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 Regalii
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Remitly
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies 

Global Digital Remittance Market TOC 
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global  Digital Remittance Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Digital Remittance Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global Digital Remittance Market Share Analysis, By Type 
5.3 Global Digital Remittance Market Size and Forecast, By Type
5.3.1 Inward Remittance 
5.3.2 Outward Remittance
6 Global  Digital Remittance Market, By Remittance Channel
6.1 Y-o-Y Growth Comparison, By Remittance Channel
6.2 Global Digital Remittance Market Share Analysis, By Remittance Channel
6.3 Global Digital Remittance Market Size and Forecast, By Remittance Channel
6.3.1 Online Inward Remittance
6.3.2 Money Transfer Operators
6.3.3Banks
6.3.4Others
7 Global Digital Remittance Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Digital Remittance Market Share Analysis, By End User
7.3 Global Digital Remittance Market Size and Forecast, By End User
7.3.1 Migrant Labor Workforce
7.3.2 Individual/Personal
7.3.3Businesses
8Global Digital Remittance Market, By Region
8.1 Global Digital Remittance Market Share Analysis, By Region
8.2 Global Digital Remittance Market Share Analysis, By Region
8.3 Global Digital Remittance Market Size and Forecast, By Region
9 North America Digital Remittance Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Digital Remittance Market Share Analysis, By Type
9.3 North America Digital Remittance Market Size and Forecast, By Remittance Channel
9.4 North America Digital Remittance Market Size and Forecast, By End User
9.5 North America Digital Remittance Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10Europe Digital Remittance Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Digital Remittance Market Share Analysis, By Type 
10.3 Europe Digital Remittance Market Size and Forecast, By Remittance Channel 
10.4 Europe Digital Remittance Market Size and Forecast, By End User
10.5 Europe Digital Remittance Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Digital Remittance Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Digital Remittance Market Share Analysis, By Type 
11.3 Asia Pacific Digital Remittance Market Size and Forecast, By Remittance Channel 
11.4 Asia Pacific Digital Remittance Market Size and Forecast, By End User
11.5 Asia Pacific Digital Remittance Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Digital Remittance Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Digital Remittance Market Share Analysis, By Type 
12.3 Latin America Digital Remittance Market Size and Forecast, By Remittance Channel 
12.4 Latin America Digital Remittance Market Size and Forecast, By End User
12.5 Latin America Digital Remittance Market Size and Forecast, Country
13Middle East Digital Remittance Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Digital Remittance Market Share Analysis, By Type 
13.3 Middle East Digital Remittance Market Size and Forecast, By Remittance Channel 
13.4 Middle East Digital Remittance Market Size and Forecast, By End User
13.5 Middle East Digital Remittance Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Mobetize Corp
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 MoneyGram
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Ripple
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 TransferWise
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 WorldRemit
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Azimo, Currency Cloud
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 peerTransfer
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies 
15.8 Regalii
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies 
15.9 Remitly
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies