Thursday, May 26th, 2016 - Market Reports Online

Remittance is defined as transfer of money by an individual residing in foreign country to his/her home country. The monetary fund transferred by foreign migrants to their homes represents second largest financial inflow to the respective nation. Remittance channel is collectively comprised of a sender, a recipient, intermediaries in both countries, and the payment interface used by the intermediaries. In order to ensure greatest security during any money transfer transaction, certain international standards have been set by the World Bank. The remittance system encompasses the following components: Remittance Service Providers (RSP), Remittance Corridors, and Remittance Network and, Money Transfer System. Remittances are playing an increasingly large role in the economies of many countries. They contribute to economic growth and to the livelihoods of less prosperous people. Complete report available at

The key factors driving the growth of the global remittance market are growing urbanization, accelerating economic growth, rising employment population and rapidly increasing international migrant population. Some of the noteworthy trends and developments of this industry are sustainable development goals and financing for development, expanding existing payment system infrastructure for remittances, unstable remittance cost, the impact of remittance on health, education and poverty, wide portfolio of remittance services and electronic transactions on the rise. However, the expansion of global remittance market is hindered by strict regulatory compliances and access points establishment.

The report “Global Remittance Market” provides an in-depth analysis of the global market along with a focus on all major regions. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The major players in the industry, Western Union Company, MoneyGram International Inc. (MGI) and Euronet Worldwide Inc. are being profiled.

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By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

Table of Contents

1. Overview
1.1 Types of Remittance Services
1.2 Remittance Marketplace
1.2.1 Components of Remittance Marketplace
1.3 Remittance Market Value Chain

2. Global Remittance Market
2.1. Remittance Market by Income Characteristics
2.1.1 Low Income Countries
2.1.2 Middle Income Countries
2.1.3 High Income Countries
2.2 Remittances Market by Region
2.2.1 Developing Countries
2.2.2 East Asia and Pacific Region
2.2.3 Europe and Central Asia Region
2.2.4 Latin America and Caribbean Region
2.2.5 Middle East and North Africa Region
2.2.6 South Asia Region
2.2.7 Sub Saharan Africa Region
2.3 Remittances Market by Largest Receiving Countries
2.3.1 India
2.3.2 China
2.3.3 Philippines
2.3.4 Mexico
2.4 Remittances Market by Largest Contributing Countries
2.4.1 The US
2.4.2 Saudi Arabia
2.4.3 Russian Federation
2.4.4 Switzerland

3. Market Dynamics
3.1 Growth Drivers
3.1.1 Increasing International Migration
3.1.2 Growing Urbanization
3.1.3 Economic Growth
3.1.4 Rising Employment Opportunities
3.2 Trends & Developments
3.2.1 Sustainable Development Goals and Financing for Development
3.2.2 Expanding Existing Payment System Infrastructures for Remittances
3.2.3 Unstable Remittance Cost
3.2.4 Impact of Remittance on Health, Education and Poverty
3.2.5 Wide Portfolio of Remittance Service
3.2.6 Electronic Transactions on Rise
3.3 Challenges
3.3.1 Strict Regulatory Compliances
3.3.2 Access Points Establishment

4. Competitive Landscape
4.1 Global Market

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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.

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