Digital Cross-Border Remittance Market Size Soaring at 17.1% CAGR to Reach 18840 million USD by 2028

By Ashwin Naphade  | Date: January 13, 2023

Digital Cross-Border Remittance Market Size Soaring at 17.1% CAGR to Reach 18840 million USD by 2028

Market Study Report has released a new research study on Digital Cross-Border Remittance market Analysis 2022-2028 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The report also outlines the competitive framework of the Digital Cross-Border Remittance industry detailing the SWOT analysis and market share dominance of the prominent players.

Global Digital Cross-Border Remittance Market Size was estimated at USD 6241 million in 2021 and is projected to reach USD 18840 million by 2028, exhibiting a CAGR of 17.1% during the forecast period.

Global Digital Cross-Border Remittance Market Overview:

Global Digital Cross-Border Remittance Market Report 2022 comes with the extensive industry analysis development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028.

Request Sample copy of this Report @

This research study of Digital Cross-Border Remittance involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry.

Scope of the Digital Cross-Border Remittance Market

The Digital Cross-Border Remittance Market Research report incorporate value chain analysis for each of the product type. Value chain analysis offers in depth information about value addition at each stage. The study includes drivers and restraints for Digital Cross-Border Remittance Market along with their impact on demand during the forecast period.

The study also provides key market indicators affecting the growth of the market. Research report includes major key player analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Our study Digital Cross-Border Remittance Market helps user to make precise decision in order to expand their market presence and increase market share.

Impact of COVID-19 on Digital Cross-Border Remittance Market

Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the Digital Cross-Border Remittance market in 2020.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

Global Digital Cross-Border Remittance Market Segmentation

Global Digital Cross-Border Remittance Market Research report comprises of Porter's five forces analysis to do the detail study about its each segmentation like Product segmentation, End user/application segment analysis and Major key players analysis mentioned as below

By Type, Digital Cross-Border Remittance market has been segmented into:

Digital Money Transfer Operators

Bank Digital Remittance

By Application, Digital Cross-Border Remittance market has been segmented into:

Personal Customers

Micro and Small Businesses

Regional Analysis:

North America (U.S., Canada, Mexico)

Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

South America (Brazil, Argentina, Rest of SA)

Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Competitive Landscape:

Competitive analysis is the study of strength and weakness, market investment, market share, market sales volume, market trends of major players in the market. The Digital Cross-Border Remittance market study focused on including all the primary level, secondary level and tertiary level competitors in the report.

The data generated by conducting the primary and secondary research. The report covers detail analysis of driver, constraints and scope for new players entering the Digital Cross-Border Remittance market.

Top Key Players Covered in Digital Cross-Border Remittance market are:

Western Union (WU)

Wise (TransferWise)

Zepz (WorldRemit



Ria Financial Services (Euronet)








NIUM Inc (Instarem)

TNG FinTech

Objective to buy this Report:

1. Digital Cross-Border Remittance analysis predicts the representation of this market, supply and demand, capacity, detailed investigations, etc.

2. Even the report, along with the international series, conducts an in-depth study of rules, policies and current policy.

3. In addition, additional factors are mentioned: imports, arrangement of commodity prices for the market, supply and demand of industry products, major manufacturers.

4. The report starts with Digital Cross-Border Remittance market statistics and moves to important points, with dependent markets categorized by market trend by application.

5. Applications of market may also be assessed based on their performances.

6. Other market attributes, such as future aspects, limitations and growth for all departments.

Questions And Answers: Global Digital Cross-Border Remittance Market

Q1. What is the CAGR that the Digital Cross-Border Remittance Market is expected to register through the projected duration?

Answer: The Digital Cross-Border Remittance Market is likely to register a CAGR of 17.1% over the forecast period.

Q2. How much is the Digital Cross-Border Remittance Market expected to be worth by the end of the year 2028?

Answer: Digital Cross-Border Remittance Market is likely to surpass a mammoth of USD 18840 million by the end of 2028.

Q3. Which Are the Key Players in Global Digital Cross-Border Remittance Market?

Answer: MoneyGram, Flywire, TransferGo, OrbitRemit, Intermex, Azimo, NIUM among others are the leading players in worldwide Digital Cross-Border Remittance Market

For more details on this report:  

About Us:

Market Study Report is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, is the platform that can help you in achieving any of these objectives.

Contact Us:

Ritesh Tiwari
Head - Press and Media
Email: [email protected]
Phone: 1-866-764-2150

About Author

Ashwin Naphade

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

Read More