The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Mobile Remittance Service-Global Market Insights and Sales Trends 2025
Synopsis
Around 400 million of the two billion unbanked people in the world have some forms of mobile money account. The global remittance revenue generated from digital channels is estimated to be less than 6% of the total but is progressively growing. However, a predominant endto-enddigital scenario is still some time off.
The global Mobile Remittance Service market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Mobile Remittance Service in various end use industries. The expanding demands from the Migrant Labor Workforce, Low-income Households, Small Businesses and Others, are propelling Mobile Remittance Service market. Banks, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Money Transfer Operators segment is estimated at % CAGR for the next seven-year period.
The growth of the digital remittance market is driven by rise in digitization & automation, reduced remittance cost & transfer time, and growth in adoption of banking & financial services. Furthermore, regulatory initiatives that encourage all financial institutions to become more transparent and nurture richer ecosystems of data & partners supplement the market growth. However, lack of awareness & guidance is a major factor that restrains people from opting for digital remittance transfer mode. Increase in access of financial services such as basic bank accounts among remittance recipients and rise in internet usage offer growth opportunities for the market.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Mobile Remittance Service, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Mobile Remittance Service market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Mobile Remittance Service market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Mobile Remittance Service sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Mobile Remittance Service covered in this report include Mobetize Corp., Remitly, Regalii, peerTransfer, Currency Cloud, Azimo, WorldRemit, TransferWise and Ripple, etc.
The global Mobile Remittance Service market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Mobetize Corp.
Remitly
Regalii
peerTransfer
Currency Cloud
Azimo
WorldRemit
TransferWise
Ripple
MoneyGram
Global Mobile Remittance Service market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Mobile Remittance Service market, Segment by Type:
Banks
Money Transfer Operators
Others
Global Mobile Remittance Service market, by Application
Migrant Labor Workforce
Low-income Households
Small Businesses
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Mobile Remittance Service companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Around 400 million of the two billion unbanked people in the world have some forms of mobile money account. The global remittance revenue generated from digital channels is estimated to be less than 6% of the total but is progressively growing. However, a predominant endto-enddigital scenario is still some time off.
The global Mobile Remittance Service market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Mobile Remittance Service in various end use industries. The expanding demands from the Migrant Labor Workforce, Low-income Households, Small Businesses and Others, are propelling Mobile Remittance Service market. Banks, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Money Transfer Operators segment is estimated at % CAGR for the next seven-year period.
The growth of the digital remittance market is driven by rise in digitization & automation, reduced remittance cost & transfer time, and growth in adoption of banking & financial services. Furthermore, regulatory initiatives that encourage all financial institutions to become more transparent and nurture richer ecosystems of data & partners supplement the market growth. However, lack of awareness & guidance is a major factor that restrains people from opting for digital remittance transfer mode. Increase in access of financial services such as basic bank accounts among remittance recipients and rise in internet usage offer growth opportunities for the market.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Mobile Remittance Service, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Mobile Remittance Service market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Mobile Remittance Service market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Mobile Remittance Service sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Mobile Remittance Service covered in this report include Mobetize Corp., Remitly, Regalii, peerTransfer, Currency Cloud, Azimo, WorldRemit, TransferWise and Ripple, etc.
The global Mobile Remittance Service market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Mobetize Corp.
Remitly
Regalii
peerTransfer
Currency Cloud
Azimo
WorldRemit
TransferWise
Ripple
MoneyGram
Global Mobile Remittance Service market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Mobile Remittance Service market, Segment by Type:
Banks
Money Transfer Operators
Others
Global Mobile Remittance Service market, by Application
Migrant Labor Workforce
Low-income Households
Small Businesses
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Mobile Remittance Service companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Mobile Remittance Service
1.1 Mobile Remittance Service Market Overview
1.1.1 Mobile Remittance Service Product Scope
1.1.2 Mobile Remittance Service Market Status and Outlook
1.2 Global Mobile Remittance Service Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Mobile Remittance Service Market Size by Region (2018-2029)
1.4 Global Mobile Remittance Service Historic Market Size by Region (2018-2023)
1.5 Global Mobile Remittance Service Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Mobile Remittance Service Market Size (2018-2029)
1.6.1 North America Mobile Remittance Service Market Size (2018-2029)
1.6.2 Europe Mobile Remittance Service Market Size (2018-2029)
1.6.3 Asia-Pacific Mobile Remittance Service Market Size (2018-2029)
1.6.4 Latin America Mobile Remittance Service Market Size (2018-2029)
1.6.5 Middle East & Africa Mobile Remittance Service Market Size (2018-2029)
2 Mobile Remittance Service Market by Type
2.1 Introduction
2.1.1 Banks
2.1.2 Money Transfer Operators
2.1.3 Others
2.2 Global Mobile Remittance Service Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Mobile Remittance Service Historic Market Size by Type (2018-2023)
2.2.2 Global Mobile Remittance Service Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Mobile Remittance Service Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Mobile Remittance Service Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Mobile Remittance Service Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Mobile Remittance Service Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Mobile Remittance Service Revenue Breakdown by Type (2018-2029)
3 Mobile Remittance Service Market Overview by Application
3.1 Introduction
3.1.1 Migrant Labor Workforce
3.1.2 Low-income Households
3.1.3 Small Businesses
3.1.4 Others
3.2 Global Mobile Remittance Service Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Mobile Remittance Service Historic Market Size by Application (2018-2023)
3.2.2 Global Mobile Remittance Service Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Mobile Remittance Service Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Mobile Remittance Service Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Mobile Remittance Service Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Mobile Remittance Service Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Mobile Remittance Service Revenue Breakdown by Application (2018-2029)
4 Mobile Remittance Service Competition Analysis by Players
4.1 Global Mobile Remittance Service Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Mobile Remittance Service as of 2022)
4.3 Date of Key Players Enter into Mobile Remittance Service Market
4.4 Global Top Players Mobile Remittance Service Headquarters and Area Served
4.5 Key Players Mobile Remittance Service Product Solution and Service
4.6 Competitive Status
4.6.1 Mobile Remittance Service Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Mobetize Corp.
5.1.1 Mobetize Corp. Profile
5.1.2 Mobetize Corp. Main Business
5.1.3 Mobetize Corp. Mobile Remittance Service Products, Services and Solutions
5.1.4 Mobetize Corp. Mobile Remittance Service Revenue (US$ Million) & (2018-2023)
5.1.5 Mobetize Corp. Recent Developments
5.2 Remitly
5.2.1 Remitly Profile
5.2.2 Remitly Main Business
5.2.3 Remitly Mobile Remittance Service Products, Services and Solutions
5.2.4 Remitly Mobile Remittance Service Revenue (US$ Million) & (2018-2023)
5.2.5 Remitly Recent Developments
5.3 Regalii
5.3.1 Regalii Profile
5.3.2 Regalii Main Business
5.3.3 Regalii Mobile Remittance Service Products, Services and Solutions
5.3.4 Regalii Mobile Remittance Service Revenue (US$ Million) & (2018-2023)
5.3.5 peerTransfer Recent Developments
5.4 peerTransfer
5.4.1 peerTransfer Profile
5.4.2 peerTransfer Main Business
5.4.3 peerTransfer Mobile Remittance Service Products, Services and Solutions
5.4.4 peerTransfer Mobile Remittance Service Revenue (US$ Million) & (2018-2023)
5.4.5 peerTransfer Recent Developments
5.5 Currency Cloud
5.5.1 Currency Cloud Profile
5.5.2 Currency Cloud Main Business
5.5.3 Currency Cloud Mobile Remittance Service Products, Services and Solutions
5.5.4 Currency Cloud Mobile Remittance Service Revenue (US$ Million) & (2018-2023)
5.5.5 Currency Cloud Recent Developments
5.6 Azimo
5.6.1 Azimo Profile
5.6.2 Azimo Main Business
5.6.3 Azimo Mobile Remittance Service Products, Services and Solutions
5.6.4 Azimo Mobile Remittance Service Revenue (US$ Million) & (2018-2023)
5.6.5 Azimo Recent Developments
5.7 WorldRemit
5.7.1 WorldRemit Profile
5.7.2 WorldRemit Main Business
5.7.3 WorldRemit Mobile Remittance Service Products, Services and Solutions
5.7.4 WorldRemit Mobile Remittance Service Revenue (US$ Million) & (2018-2023)
5.7.5 WorldRemit Recent Developments
5.8 TransferWise
5.8.1 TransferWise Profile
5.8.2 TransferWise Main Business
5.8.3 TransferWise Mobile Remittance Service Products, Services and Solutions
5.8.4 TransferWise Mobile Remittance Service Revenue (US$ Million) & (2018-2023)
5.8.5 TransferWise Recent Developments
5.9 Ripple
5.9.1 Ripple Profile
5.9.2 Ripple Main Business
5.9.3 Ripple Mobile Remittance Service Products, Services and Solutions
5.9.4 Ripple Mobile Remittance Service Revenue (US$ Million) & (2018-2023)
5.9.5 Ripple Recent Developments
5.10 MoneyGram
5.10.1 MoneyGram Profile
5.10.2 MoneyGram Main Business
5.10.3 MoneyGram Mobile Remittance Service Products, Services and Solutions
5.10.4 MoneyGram Mobile Remittance Service Revenue (US$ Million) & (2018-2023)
5.10.5 MoneyGram Recent Developments
6 North America
6.1 North America Mobile Remittance Service Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Mobile Remittance Service Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Mobile Remittance Service Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Mobile Remittance Service Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Mobile Remittance Service Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Mobile Remittance Service Market Dynamics
11.1 Mobile Remittance Service Industry Trends
11.2 Mobile Remittance Service Market Drivers
11.3 Mobile Remittance Service Market Challenges
11.4 Mobile Remittance Service Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest IT & Electronics Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
