The global Digital Money Transfer market was valued at US$ 6825 million in 2022 and is projected to reach US$ 9835.8 million by 2029, at a CAGR of 5.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The digital remittance as P2P money remittance is sent via an online platform (mobile, desktop, tablet etc.), including both immediate transfers (less than 24 hours) and transfers that takes more than 24 hours. For example, Western Union (WU) is an important player of Digital Remittance. In this report, the Western Union?s digital remittance revenue is only for online money transfer, though WU?s branded website, including through their mobile devices, PC and tablet etc.).
This report aims to provide a comprehensive presentation of the global market for Digital Money Transfer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Money Transfer. This report contains market size and forecasts of Digital Money Transfer in global, including the following market information:
- Global Digital Money Transfer Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global top five companies in 2022 (%)
Global?key players of digital money transfer and remittance?include?Western Union, Ria Financial Services,?etc.?Global?top?3?companies?hold?a?share?over?40%.?North America?is?the?largest?market,?with?a?share?about?33%,?followed?by?Asia Pacific?and?Europe?with?the?share?about?32%?and?15%. In terms of product, digital money transfer operator is the largest segment, with a share over 80%. And in terms of application, the largest end user is personal customers, with a share about 80%.
We surveyed the Digital Money Transfer companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Digital Money Transfer Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Digital Money Transfer Market Segment Percentages, by Type, 2022 (%)
- Mobile Domestic Money Transfer
- Online Domestic Money Transfer
- Others
Global Digital Money Transfer Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Digital Money Transfer Market Segment Percentages, by Application, 2022 (%)
- Banking
- Finance
- Investment Institution
- Others
Global Digital Money Transfer Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Digital Money Transfer Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Digital Money Transfer revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Digital Money Transfer revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Amdocs
- eServGlobal
- Huawei
- Infosys EdgeVerve
- Interac
- Mahindra Comviva
- Mastercard
- OBOPAY
- PayPal
- Telepin Software
- TransferTo
- Visa
Outline of Major Chapters:
- Chapter 1: Introduces the definition of Digital Money Transfer, market overview.
- Chapter 2: Global Digital Money Transfer market size in revenue.
- Chapter 3: Detailed analysis of Digital Money Transfer company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: 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 5: 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 6: Sales of Digital Money Transfer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Digital Money Transfer Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Digital Money Transfer Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Digital Money Transfer Overall Market Size
2.1 Global Digital Money Transfer Market Size: 2022 VS 2030
2.2 Global Digital Money Transfer Market Size, Prospects & Forecasts: 2018-2030
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Digital Money Transfer Players in Global Market
3.2 Top Global Digital Money Transfer Companies Ranked by Revenue
3.3 Global Digital Money Transfer Revenue by Companies
3.4 Top 3 and Top 5 Digital Money Transfer Companies in Global Market, by Revenue in 2022
3.5 Global Companies Digital Money Transfer Product Type
3.6 Tier 1, Tier 2 and Tier 3 Digital Money Transfer Players in Global Market
3.6.1 List of Global Tier 1 Digital Money Transfer Companies
3.6.2 List of Global Tier 2 and Tier 3 Digital Money Transfer Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Digital Money Transfer Market Size Markets, 2022 & 2030
4.1.2 Mobile Domestic Money Transfer
4.1.3 Online Domestic Money Transfer
4.1.4 Others
4.2 By Type - Global Digital Money Transfer Revenue & Forecasts
4.2.1 By Type - Global Digital Money Transfer Revenue, 2018-2023
4.2.2 By Type - Global Digital Money Transfer Revenue, 2024-2030
4.2.3 By Type - Global Digital Money Transfer Revenue Market Share, 2018-2030
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Digital Money Transfer Market Size, 2022 & 2030
5.1.2 Banking
5.1.3 Finance
5.1.4 Investment Institution
5.1.5 Others
5.2 By Application - Global Digital Money Transfer Revenue & Forecasts
5.2.1 By Application - Global Digital Money Transfer Revenue, 2018-2023
5.2.2 By Application - Global Digital Money Transfer Revenue, 2024-2030
5.2.3 By Application - Global Digital Money Transfer Revenue Market Share, 2018-2030
6 Sights by Region
6.1 By Region - Global Digital Money Transfer Market Size, 2022 & 2030
6.2 By Region - Global Digital Money Transfer Revenue & Forecasts
6.2.1 By Region - Global Digital Money Transfer Revenue, 2018-2023
6.2.2 By Region - Global Digital Money Transfer Revenue, 2024-2030
6.2.3 By Region - Global Digital Money Transfer Revenue Market Share, 2018-2030
6.3 North America
6.3.1 By Country - North America Digital Money Transfer Revenue, 2018-2030
6.3.2 US Digital Money Transfer Market Size, 2018-2030
6.3.3 Canada Digital Money Transfer Market Size, 2018-2030
6.3.4 Mexico Digital Money Transfer Market Size, 2018-2030
6.4 Europe
6.4.1 By Country - Europe Digital Money Transfer Revenue, 2018-2030
6.4.2 Germany Digital Money Transfer Market Size, 2018-2030
6.4.3 France Digital Money Transfer Market Size, 2018-2030
6.4.4 U.K. Digital Money Transfer Market Size, 2018-2030
6.4.5 Italy Digital Money Transfer Market Size, 2018-2030
6.4.6 Russia Digital Money Transfer Market Size, 2018-2030
6.4.7 Nordic Countries Digital Money Transfer Market Size, 2018-2030
6.4.8 Benelux Digital Money Transfer Market Size, 2018-2030
6.5 Asia
6.5.1 By Region - Asia Digital Money Transfer Revenue, 2018-2030
6.5.2 China Digital Money Transfer Market Size, 2018-2030
6.5.3 Japan Digital Money Transfer Market Size, 2018-2030
6.5.4 South Korea Digital Money Transfer Market Size, 2018-2030
6.5.5 Southeast Asia Digital Money Transfer Market Size, 2018-2030
6.5.6 India Digital Money Transfer Market Size, 2018-2030
6.6 South America
6.6.1 By Country - South America Digital Money Transfer Revenue, 2018-2030
6.6.2 Brazil Digital Money Transfer Market Size, 2018-2030
6.6.3 Argentina Digital Money Transfer Market Size, 2018-2030
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Digital Money Transfer Revenue, 2018-2030
6.7.2 Turkey Digital Money Transfer Market Size, 2018-2030
6.7.3 Israel Digital Money Transfer Market Size, 2018-2030
6.7.4 Saudi Arabia Digital Money Transfer Market Size, 2018-2030
6.7.5 UAE Digital Money Transfer Market Size, 2018-2030
7 Digital Money Transfer Companies Profiles
7.1 Amdocs
7.1.1 Amdocs Company Summary
7.1.2 Amdocs Business Overview
7.1.3 Amdocs Digital Money Transfer Major Product Offerings
7.1.4 Amdocs Digital Money Transfer Revenue in Global Market (2018-2023)
7.1.5 Amdocs Key News & Latest Developments
7.2 eServGlobal
7.2.1 eServGlobal Company Summary
7.2.2 eServGlobal Business Overview
7.2.3 eServGlobal Digital Money Transfer Major Product Offerings
7.2.4 eServGlobal Digital Money Transfer Revenue in Global Market (2018-2023)
7.2.5 eServGlobal Key News & Latest Developments
7.3 Huawei
7.3.1 Huawei Company Summary
7.3.2 Huawei Business Overview
7.3.3 Huawei Digital Money Transfer Major Product Offerings
7.3.4 Huawei Digital Money Transfer Revenue in Global Market (2018-2023)
7.3.5 Huawei Key News & Latest Developments
7.4 Infosys EdgeVerve
7.4.1 Infosys EdgeVerve Company Summary
7.4.2 Infosys EdgeVerve Business Overview
7.4.3 Infosys EdgeVerve Digital Money Transfer Major Product Offerings
7.4.4 Infosys EdgeVerve Digital Money Transfer Revenue in Global Market (2018-2023)
7.4.5 Infosys EdgeVerve Key News & Latest Developments
7.5 Interac
7.5.1 Interac Company Summary
7.5.2 Interac Business Overview
7.5.3 Interac Digital Money Transfer Major Product Offerings
7.5.4 Interac Digital Money Transfer Revenue in Global Market (2018-2023)
7.5.5 Interac Key News & Latest Developments
7.6 Mahindra Comviva
7.6.1 Mahindra Comviva Company Summary
7.6.2 Mahindra Comviva Business Overview
7.6.3 Mahindra Comviva Digital Money Transfer Major Product Offerings
7.6.4 Mahindra Comviva Digital Money Transfer Revenue in Global Market (2018-2023)
7.6.5 Mahindra Comviva Key News & Latest Developments
7.7 Mastercard
7.7.1 Mastercard Company Summary
7.7.2 Mastercard Business Overview
7.7.3 Mastercard Digital Money Transfer Major Product Offerings
7.7.4 Mastercard Digital Money Transfer Revenue in Global Market (2018-2023)
7.7.5 Mastercard Key News & Latest Developments
7.8 OBOPAY
7.8.1 OBOPAY Company Summary
7.8.2 OBOPAY Business Overview
7.8.3 OBOPAY Digital Money Transfer Major Product Offerings
7.8.4 OBOPAY Digital Money Transfer Revenue in Global Market (2018-2023)
7.8.5 OBOPAY Key News & Latest Developments
7.9 PayPal
7.9.1 PayPal Company Summary
7.9.2 PayPal Business Overview
7.9.3 PayPal Digital Money Transfer Major Product Offerings
7.9.4 PayPal Digital Money Transfer Revenue in Global Market (2018-2023)
7.9.5 PayPal Key News & Latest Developments
7.10 Telepin Software
7.10.1 Telepin Software Company Summary
7.10.2 Telepin Software Business Overview
7.10.3 Telepin Software Digital Money Transfer Major Product Offerings
7.10.4 Telepin Software Digital Money Transfer Revenue in Global Market (2018-2023)
7.10.5 Telepin Software Key News & Latest Developments
7.11 TransferTo
7.11.1 TransferTo Company Summary
7.11.2 TransferTo Business Overview
7.11.3 TransferTo Digital Money Transfer Major Product Offerings
7.11.4 TransferTo Digital Money Transfer Revenue in Global Market (2018-2023)
7.11.5 TransferTo Key News & Latest Developments
7.12 Visa
7.12.1 Visa Company Summary
7.12.2 Visa Business Overview
7.12.3 Visa Digital Money Transfer Major Product Offerings
7.12.4 Visa Digital Money Transfer Revenue in Global Market (2018-2023)
7.12.5 Visa Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Digital Money Transfer Market Opportunities & Trends in Global Market
Table 2. Digital Money Transfer Market Drivers in Global Market
Table 3. Digital Money Transfer Market Restraints in Global Market
Table 4. Key Players of Digital Money Transfer in Global Market
Table 5. Top Digital Money Transfer Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Digital Money Transfer Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Digital Money Transfer Revenue Share by Companies, 2018-2023
Table 8. Global Companies Digital Money Transfer Product Type
Table 9. List of Global Tier 1 Digital Money Transfer Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Digital Money Transfer Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Digital Money Transfer Revenue, (US$, Mn), 2022 & 2030
Table 12. By Type - Digital Money Transfer Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Digital Money Transfer Revenue in Global (US$, Mn), 2024-2030
Table 14. By Application ? Global Digital Money Transfer Revenue, (US$, Mn), 2022 & 2030
Table 15. By Application - Digital Money Transfer Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Digital Money Transfer Revenue in Global (US$, Mn), 2024-2030
Table 17. By Region ? Global Digital Money Transfer Revenue, (US$, Mn), 2022 & 2030
Table 18. By Region - Global Digital Money Transfer Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Digital Money Transfer Revenue (US$, Mn), 2024-2030
Table 20. By Country - North America Digital Money Transfer Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Digital Money Transfer Revenue, (US$, Mn), 2024-2030
Table 22. By Country - Europe Digital Money Transfer Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Digital Money Transfer Revenue, (US$, Mn), 2024-2030
Table 24. By Region - Asia Digital Money Transfer Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Digital Money Transfer Revenue, (US$, Mn), 2024-2030
Table 26. By Country - South America Digital Money Transfer Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Digital Money Transfer Revenue, (US$, Mn), 2024-2030
Table 28. By Country - Middle East & Africa Digital Money Transfer Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Digital Money Transfer Revenue, (US$, Mn), 2024-2030
Table 30. Amdocs Company Summary
Table 31. Amdocs Digital Money Transfer Product Offerings
Table 32. Amdocs Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 33. Amdocs Key News & Latest Developments
Table 34. eServGlobal Company Summary
Table 35. eServGlobal Digital Money Transfer Product Offerings
Table 36. eServGlobal Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 37. eServGlobal Key News & Latest Developments
Table 38. Huawei Company Summary
Table 39. Huawei Digital Money Transfer Product Offerings
Table 40. Huawei Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 41. Huawei Key News & Latest Developments
Table 42. Infosys EdgeVerve Company Summary
Table 43. Infosys EdgeVerve Digital Money Transfer Product Offerings
Table 44. Infosys EdgeVerve Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 45. Infosys EdgeVerve Key News & Latest Developments
Table 46. Interac Company Summary
Table 47. Interac Digital Money Transfer Product Offerings
Table 48. Interac Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 49. Interac Key News & Latest Developments
Table 50. Mahindra Comviva Company Summary
Table 51. Mahindra Comviva Digital Money Transfer Product Offerings
Table 52. Mahindra Comviva Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 53. Mahindra Comviva Key News & Latest Developments
Table 54. Mastercard Company Summary
Table 55. Mastercard Digital Money Transfer Product Offerings
Table 56. Mastercard Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 57. Mastercard Key News & Latest Developments
Table 58. OBOPAY Company Summary
Table 59. OBOPAY Digital Money Transfer Product Offerings
Table 60. OBOPAY Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 61. OBOPAY Key News & Latest Developments
Table 62. PayPal Company Summary
Table 63. PayPal Digital Money Transfer Product Offerings
Table 64. PayPal Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 65. PayPal Key News & Latest Developments
Table 66. Telepin Software Company Summary
Table 67. Telepin Software Digital Money Transfer Product Offerings
Table 68. Telepin Software Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 69. Telepin Software Key News & Latest Developments
Table 70. TransferTo Company Summary
Table 71. TransferTo Digital Money Transfer Product Offerings
Table 72. TransferTo Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 73. TransferTo Key News & Latest Developments
Table 74. Visa Company Summary
Table 75. Visa Digital Money Transfer Product Offerings
Table 76. Visa Digital Money Transfer Revenue (US$, Mn) & (2018-2023)
Table 77. Visa Key News & Latest Developments
List of Figures
Figure 1. Digital Money Transfer Segment by Type in 2022
Figure 2. Digital Money Transfer Segment by Application in 2022
Figure 3. Global Digital Money Transfer Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Digital Money Transfer Market Size: 2022 VS 2030 (US$, Mn)
Figure 6. Global Digital Money Transfer Revenue, 2018-2030 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Digital Money Transfer Revenue in 2022
Figure 8. By Type - Global Digital Money Transfer Revenue Market Share, 2018-2030
Figure 9. By Application - Global Digital Money Transfer Revenue Market Share, 2018-2030
Figure 10. By Type - Global Digital Money Transfer Revenue, (US$, Mn), 2022 & 2030
Figure 11. By Type - Global Digital Money Transfer Revenue Market Share, 2018-2030
Figure 12. By Application - Global Digital Money Transfer Revenue, (US$, Mn), 2022 & 2030
Figure 13. By Application - Global Digital Money Transfer Revenue Market Share, 2018-2030
Figure 14. By Region - Global Digital Money Transfer Revenue Market Share, 2018-2030
Figure 15. By Country - North America Digital Money Transfer Revenue Market Share, 2018-2030
Figure 16. US Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 17. Canada Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 18. Mexico Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 19. By Country - Europe Digital Money Transfer Revenue Market Share, 2018-2030
Figure 20. Germany Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 21. France Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 22. U.K. Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 23. Italy Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 24. Russia Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 25. Nordic Countries Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 26. Benelux Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 27. By Region - Asia Digital Money Transfer Revenue Market Share, 2018-2030
Figure 28. China Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 29. Japan Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 30. South Korea Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 31. Southeast Asia Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 32. India Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 33. By Country - South America Digital Money Transfer Revenue Market Share, 2018-2030
Figure 34. Brazil Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 35. Argentina Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 36. By Country - Middle East & Africa Digital Money Transfer Revenue Market Share, 2018-2030
Figure 37. Turkey Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 38. Israel Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 39. Saudi Arabia Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 40. UAE Digital Money Transfer Revenue, (US$, Mn), 2018-2030
Figure 41. Amdocs Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. eServGlobal Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Huawei Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Infosys EdgeVerve Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Interac Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Mahindra Comviva Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Mastercard Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. OBOPAY Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. PayPal Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Telepin Software Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 51. TransferTo Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 52. Visa Digital Money Transfer Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
