Money Transfer Agency Market is Booming Worldwide| WorldRemit, OFX, Payoneer, Remitly
Research Reports
Jan 11, 2022
Latest business intelligence report released on Global Money Transfer Agency Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth drivers, roadblocks and challenges, future opportunities, and influencing trends to better understand Money Transfer Agency market outlook.
List of Key Players Profiled in the study includes market overview, business strategies, financials, Development activities, Market Share and SWOT analysis:
Wise (United Kingdom), WorldRemit (United Kingdom), OFX (Australia), Payoneer (United States), Remitly, Inc. (United States), Skrill (United Kingdom), Xoom Corporation (United States), MoneyGram International Inc. (United States), Azimo (United Kingdom), Wells Fargo (United States), XE (Canada), Ria Money Transfer (United States)
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Brief Overview on Money Transfer Agency:
Money Transfer Agency or the banks employ electronic funds transfer (EFT), to send money across the globe. Sending money to another country or making international payments has become so quick that it simply takes a few minutes. Data is exchanged instantly and money is transferred due to the internet. Money is securely exchanged over the internet using multiple levels of coding. The money transfer business is simple, straightforward, and safe. It is based on the age-old phenomena of money wiring. Money transfer businesses let overseas migrants send money back to their home nations. It is made up of several channels such as banks, money transfer providers, and mobile network distributors. This industry has become one of the fastest growing due to the combination of current technologies with traditional ideas. Furthermore, due to recent expansion in enterprises affiliated with consumers and individuals working overseas, money transfers have expanded dramatically.
Key Market Trends:
Emergence of Online Money Transfer Platforms
Growth of Mobile Wallets
Opportunities:
The Current Pandemic Creates Opportunity for Online Money Transfer
Rising Opportunities in Emerging Economics
Market Growth Drivers:
Growing Cross-Border Transactions
Decreasing Money Transfer Time and Remittance Cost Drives the Money Transfer Market
Challenges:
High Cost of Upgrading and Redesigning Systems
Segmentation of the Global Money Transfer Agency Market:
by Type (Recurring Money Transfer, One-Time Money Transfer), Destination (International, Domestic), Mode (Banks, Money Transfer Operators, Online Platforms, Others), End User (Individual, Business, Others)
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Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Furthermore, the years considered for the study are as follows:
Historical data – 2016-2020
The base year for estimation – 2020
Recent Estimated Year – 2021
Forecast period** – 2021 to 2026 [** unless otherwise stated]
Browse Full in-depth TOC @: https://www.advancemarketanalytics.com/reports/184037-global-money-transfer-agency-market
Summarized Extracts from TOC of Global Money Transfer Agency Market Study
Chapter 1: Exclusive Summary of the Money Transfer Agency market
Chapter 2: Objective of Study and Research Scope the Money Transfer Agency market
Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis
Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2026
Chapter 5: Decision Framework
Chapter 6: Market Dynamics- Drivers, Trends and Challenges
Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 8: Appendix, Methodology and Data Source
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About Author:
Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies’ revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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