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  • Global Money Remittance Industry - Performance And Forecast 2016

Get Global Money Remittance Industry - Performance And Forecast 2016

Ance Industry-Performance and Forecast 2016 analyses industry size, flow of remittances worldwide and by geography including Europe (UK, Germany), Latin America, The US, Middle East and North Africa and Asian Regions. The industry trends & developments, growth drivers and competitive threats have also been discussed in the report. The report entails the competitive aspect of the market and profiles of key players including their branding and pricing strategies. The report also covers the futu.

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In 2022, the top five recipient countries for remittances inflows in current USD were India (100 billion), Mexico (60 billion), China (51 billion), the Philippines (38 billion), and Egypt (32 billion) (ibid.). India has been the largest recipient of remittances since 2008.

Future growth in remittances depends on the economic health of high-income nations, the Bank says. It predicts that the growth rate will slow to 2% in 2023, and says there are substantial risks to this vital flow of money from the rich world to less well-off nations.

The global digital remittance market size was valued at USD 19.65 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 15.6% from 2023 to 2030. The global digital remittance transactions were valued at over USD 390 billion in 2022.

ing to the latest World Bank data, remittances to low- and middle-income countries reached US$605 billion in 2021. That's a growth of more than 8 per cent compared to 2020 – and it's way beyond initial predictions. Migrant workers send on average US$200–US$300 home every one to two months.

The global remittance market size was valued at USD 48.99 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.1% from 2022 to 2030. Cross-border remittances provide numerous economic benefits, including increased financial inclusion and economic development.

What is the estimated value of the Global Digital Remittance Market? The Global Digital Remittance Market was estimated to be valued at $19.65 Billion in 2022.

The Global Digital Remittance Market size was estimated at USD 131.69 billion in 2022, USD 148.08 billion in 2023, and is projected to grow at a CAGR of 12.58% to reach USD 339.87 billion by 2030.

The global remittance market size is expected to reach USD 107.80 billion by 2030, growing at a CAGR of 10.1% from 2022 to 2030. Significant growth in the Banking, Financial Services, and Insurance (BFSI) industry around the world is one of the major factors behind the market's positive outlook.

Future growth in remittances depends on the economic health of high-income nations, the Bank says. It predicts that the growth rate will slow to 2% in 2023, and says there are substantial risks to this vital flow of money from the rich world to less well-off nations.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232