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Mobile Remittance Service Market Size, Share 2022
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.?
This report contains market size and forecasts of Mobile Remittance Service in Global, including the following market information:
Global Mobile Remittance Service Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Mobile Remittance Service market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Banks Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Mobile Remittance Service include Mobetize Corp., Remitly, Regalii, peerTransfer, Currency Cloud, Azimo, WorldRemit, TransferWise and Ripple and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Mobile Remittance Service 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 Mobile Remittance Service Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Mobile Remittance Service Market Segment Percentages, by Type, 2021 (%)
- Banks
- Money Transfer Operators
- Others
Global Mobile Remittance Service Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Mobile Remittance Service Market Segment Percentages, by Application, 2021 (%)
- Migrant Labor Workforce
- Low-income Households
- Small Businesses
- Others
Global Mobile Remittance Service Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Mobile Remittance Service Market Segment Percentages, By Region and Country, 2021 (%)
- 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 Mobile Remittance Service revenues in global market, 2017-2022 (estimated), ($ millions)
- Key companies Mobile Remittance Service revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Mobetize Corp.
- Remitly
- Regalii
- peerTransfer
- Currency Cloud
- Azimo
- WorldRemit
- TransferWise
- Ripple
- MoneyGram
Report Attributes |
Report Details |
Report Title |
Mobile Remittance Service Market, Global Outlook and Forecast 2022-2028 |
Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
Base Year |
2021 |
Forecast Year |
2029 |
Number of Pages |
63 Pages |
Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Mobile Remittance Service Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Mobile Remittance Service 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 Mobile Remittance Service Overall Market Size
2.1 Global Mobile Remittance Service Market Size: 2021 VS 2028
2.2 Global Mobile Remittance Service Market Size, Prospects & Forecasts: 2017-2028
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 Mobile Remittance Service Players in Global Market
3.2 Top Global Mobile Remittance Service Companies Ranked by Revenue
3.3 Global Mobile Remittance Service Revenue by Companies
3.4 Top 3 and Top 5 Mobile Remittance Service Companies in Global Market, by Revenue in 2021
3.5 Global Companies Mobile Remittance Service Product Type
3.6 Tier 1, Tier 2 and Tier 3 Mobile Remittance Service Players in Global Market
3.6.1 List of Global Tier 1 Mobile Remittance Service Companies
3.6.2 List of Global Tier 2 and Tier 3 Mobile Remittance Service Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global Mobile Remittance Service Market Size Markets, 2021 & 2028
4.1.2 Banks
4.1.3 Money Transfer Operators
4.1.4 Others
4.2 By Type - Global Mobile Remittance Service Revenue & Forecasts
4.2.1 By Type - Global Mobile Remittance Service Revenue, 2017-2022
4.2.2 By Type - Global Mobile Remittance Service Revenue, 2023-2028
4.2.3 By Type - Global Mobile Remittance Service Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Mobile Remittance Service Market Size, 2021 & 2028
5.1.2 Migrant Labor Workforce
5.1.3 Low-income Households
5.1.4 Small Businesses
5.1.5 Others
5.2 By Application - Global Mobile Remittance Service Revenue & Forecasts
5.2.1 By Application - Global Mobile Remittance Service Revenue, 2017-2022
5.2.2 By Application - Global Mobile Remittance Service Revenue, 2023-2028
5.2.3 By Application - Global Mobile Remittance Service Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global Mobile Remittance Service Market Size, 2021 & 2028
6.2 By Region - Global Mobile Remittance Service Revenue & Forecasts
6.2.1 By Region - Global Mobile Remittance Service Revenue, 2017-2022
6.2.2 By Region - Global Mobile Remittance Service Revenue, 2023-2028
6.2.3 By Region - Global Mobile Remittance Service Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America Mobile Remittance Service Revenue, 2017-2028
6.3.2 US Mobile Remittance Service Market Size, 2017-2028
6.3.3 Canada Mobile Remittance Service Market Size, 2017-2028
6.3.4 Mexico Mobile Remittance Service Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe Mobile Remittance Service Revenue, 2017-2028
6.4.2 Germany Mobile Remittance Service Market Size, 2017-2028
6.4.3 France Mobile Remittance Service Market Size, 2017-2028
6.4.4 U.K. Mobile Remittance Service Market Size, 2017-2028
6.4.5 Italy Mobile Remittance Service Market Size, 2017-2028
6.4.6 Russia Mobile Remittance Service Market Size, 2017-2028
6.4.7 Nordic Countries Mobile Remittance Service Market Size, 2017-2028
6.4.8 Benelux Mobile Remittance Service Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia Mobile Remittance Service Revenue, 2017-2028
6.5.2 China Mobile Remittance Service Market Size, 2017-2028
6.5.3 Japan Mobile Remittance Service Market Size, 2017-2028
6.5.4 South Korea Mobile Remittance Service Market Size, 2017-2028
6.5.5 Southeast Asia Mobile Remittance Service Market Size, 2017-2028
6.5.6 India Mobile Remittance Service Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America Mobile Remittance Service Revenue, 2017-2028
6.6.2 Brazil Mobile Remittance Service Market Size, 2017-2028
6.6.3 Argentina Mobile Remittance Service Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Mobile Remittance Service Revenue, 2017-2028
6.7.2 Turkey Mobile Remittance Service Market Size, 2017-2028
6.7.3 Israel Mobile Remittance Service Market Size, 2017-2028
6.7.4 Saudi Arabia Mobile Remittance Service Market Size, 2017-2028
6.7.5 UAE Mobile Remittance Service Market Size, 2017-2028
7 Players Profiles
7.1 Mobetize Corp.
7.1.1 Mobetize Corp. Corporate Summary
7.1.2 Mobetize Corp. Business Overview
7.1.3 Mobetize Corp. Mobile Remittance Service Major Product Offerings
7.1.4 Mobetize Corp. Mobile Remittance Service Revenue in Global Market (2017-2022)
7.1.5 Mobetize Corp. Key News
7.2 Remitly
7.2.1 Remitly Corporate Summary
7.2.2 Remitly Business Overview
7.2.3 Remitly Mobile Remittance Service Major Product Offerings
7.2.4 Remitly Mobile Remittance Service Revenue in Global Market (2017-2022)
7.2.5 Remitly Key News
7.3 Regalii
7.3.1 Regalii Corporate Summary
7.3.2 Regalii Business Overview
7.3.3 Regalii Mobile Remittance Service Major Product Offerings
7.3.4 Regalii Mobile Remittance Service Revenue in Global Market (2017-2022)
7.3.5 Regalii Key News
7.4 peerTransfer
7.4.1 peerTransfer Corporate Summary
7.4.2 peerTransfer Business Overview
7.4.3 peerTransfer Mobile Remittance Service Major Product Offerings
7.4.4 peerTransfer Mobile Remittance Service Revenue in Global Market (2017-2022)
7.4.5 peerTransfer Key News
7.5 Currency Cloud
7.5.1 Currency Cloud Corporate Summary
7.5.2 Currency Cloud Business Overview
7.5.3 Currency Cloud Mobile Remittance Service Major Product Offerings
7.5.4 Currency Cloud Mobile Remittance Service Revenue in Global Market (2017-2022)
7.5.5 Currency Cloud Key News
7.6 Azimo
7.6.1 Azimo Corporate Summary
7.6.2 Azimo Business Overview
7.6.3 Azimo Mobile Remittance Service Major Product Offerings
7.6.4 Azimo Mobile Remittance Service Revenue in Global Market (2017-2022)
7.6.5 Azimo Key News
7.7 WorldRemit
7.7.1 WorldRemit Corporate Summary
7.7.2 WorldRemit Business Overview
7.7.3 WorldRemit Mobile Remittance Service Major Product Offerings
7.7.4 WorldRemit Mobile Remittance Service Revenue in Global Market (2017-2022)
7.7.5 WorldRemit Key News
7.8 TransferWise
7.8.1 TransferWise Corporate Summary
7.8.2 TransferWise Business Overview
7.8.3 TransferWise Mobile Remittance Service Major Product Offerings
7.8.4 TransferWise Mobile Remittance Service Revenue in Global Market (2017-2022)
7.8.5 TransferWise Key News
7.9 Ripple
7.9.1 Ripple Corporate Summary
7.9.2 Ripple Business Overview
7.9.3 Ripple Mobile Remittance Service Major Product Offerings
7.9.4 Ripple Mobile Remittance Service Revenue in Global Market (2017-2022)
7.9.5 Ripple Key News
7.10 MoneyGram
7.10.1 MoneyGram Corporate Summary
7.10.2 MoneyGram Business Overview
7.10.3 MoneyGram Mobile Remittance Service Major Product Offerings
7.10.4 MoneyGram Mobile Remittance Service Revenue in Global Market (2017-2022)
7.10.5 MoneyGram Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Mobile Remittance Service Market Opportunities & Trends in Global Market
Table 2. Mobile Remittance Service Market Drivers in Global Market
Table 3. Mobile Remittance Service Market Restraints in Global Market
Table 4. Key Players of Mobile Remittance Service in Global Market
Table 5. Top Mobile Remittance Service Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Mobile Remittance Service Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Mobile Remittance Service Revenue Share by Companies, 2017-2022
Table 8. Global Companies Mobile Remittance Service Product Type
Table 9. List of Global Tier 1 Mobile Remittance Service Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Mobile Remittance Service Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type ? Global Mobile Remittance Service Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Mobile Remittance Service Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Mobile Remittance Service Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application ? Global Mobile Remittance Service Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Mobile Remittance Service Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Mobile Remittance Service Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region ? Global Mobile Remittance Service Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Mobile Remittance Service Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Mobile Remittance Service Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Mobile Remittance Service Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Mobile Remittance Service Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Mobile Remittance Service Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Mobile Remittance Service Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Mobile Remittance Service Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Mobile Remittance Service Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Mobile Remittance Service Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Mobile Remittance Service Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Mobile Remittance Service Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Mobile Remittance Service Revenue, (US$, Mn), 2023-2028
Table 30. Mobetize Corp. Corporate Summary
Table 31. Mobetize Corp. Mobile Remittance Service Product Offerings
Table 32. Mobetize Corp. Mobile Remittance Service Revenue (US$, Mn), (2017-2022)
Table 33. Remitly Corporate Summary
Table 34. Remitly Mobile Remittance Service Product Offerings
Table 35. Remitly Mobile Remittance Service Revenue (US$, Mn), (2017-2022)
Table 36. Regalii Corporate Summary
Table 37. Regalii Mobile Remittance Service Product Offerings
Table 38. Regalii Mobile Remittance Service Revenue (US$, Mn), (2017-2022)
Table 39. peerTransfer Corporate Summary
Table 40. peerTransfer Mobile Remittance Service Product Offerings
Table 41. peerTransfer Mobile Remittance Service Revenue (US$, Mn), (2017-2022)
Table 42. Currency Cloud Corporate Summary
Table 43. Currency Cloud Mobile Remittance Service Product Offerings
Table 44. Currency Cloud Mobile Remittance Service Revenue (US$, Mn), (2017-2022)
Table 45. Azimo Corporate Summary
Table 46. Azimo Mobile Remittance Service Product Offerings
Table 47. Azimo Mobile Remittance Service Revenue (US$, Mn), (2017-2022)
Table 48. WorldRemit Corporate Summary
Table 49. WorldRemit Mobile Remittance Service Product Offerings
Table 50. WorldRemit Mobile Remittance Service Revenue (US$, Mn), (2017-2022)
Table 51. TransferWise Corporate Summary
Table 52. TransferWise Mobile Remittance Service Product Offerings
Table 53. TransferWise Mobile Remittance Service Revenue (US$, Mn), (2017-2022)
Table 54. Ripple Corporate Summary
Table 55. Ripple Mobile Remittance Service Product Offerings
Table 56. Ripple Mobile Remittance Service Revenue (US$, Mn), (2017-2022)
Table 57. MoneyGram Corporate Summary
Table 58. MoneyGram Mobile Remittance Service Product Offerings
Table 59. MoneyGram Mobile Remittance Service Revenue (US$, Mn), (2017-2022)
List of Figures
Figure 1. Mobile Remittance Service Segment by Type in 2021
Figure 2. Mobile Remittance Service Segment by Application in 2021
Figure 3. Global Mobile Remittance Service Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Mobile Remittance Service Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Mobile Remittance Service Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Mobile Remittance Service Revenue in 2021
Figure 8. By Type - Global Mobile Remittance Service Revenue Market Share, 2017-2028
Figure 9. By Application - Global Mobile Remittance Service Revenue Market Share, 2017-2028
Figure 10. By Region - Global Mobile Remittance Service Revenue Market Share, 2017-2028
Figure 11. By Country - North America Mobile Remittance Service Revenue Market Share, 2017-2028
Figure 12. US Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Mobile Remittance Service Revenue Market Share, 2017-2028
Figure 16. Germany Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 17. France Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Mobile Remittance Service Revenue Market Share, 2017-2028
Figure 24. China Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 28. India Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Mobile Remittance Service Revenue Market Share, 2017-2028
Figure 30. Brazil Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Mobile Remittance Service Revenue Market Share, 2017-2028
Figure 33. Turkey Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Mobile Remittance Service Revenue, (US$, Mn), 2017-2028
Figure 37. Mobetize Corp. Mobile Remittance Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Remitly Mobile Remittance Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Regalii Mobile Remittance Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. peerTransfer Mobile Remittance Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Currency Cloud Mobile Remittance Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Azimo Mobile Remittance Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. WorldRemit Mobile Remittance Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. TransferWise Mobile Remittance Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Ripple Mobile Remittance Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. MoneyGram Mobile Remittance Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)