Asia Pacific Digital Remittance Market By Type (Outward and Inward) By End Use (Personal, Small Businesses, Migrant Labor Workforce and Others) By Channel (Money Transfer Operators, Online Platforms, Banks and Others) By Country, Industry Analysis and Forecast, 2020 - 2026

The Asia Pacific Digital Remittance Market would witness market growth of 19.2% CAGR during the forecast period (2020-2026). Several citizens send thousands of trillion dollars in remittances annually to families, colleagues, or business partners in foreign countries. Cash-based providers find it easy to pass such a large volume of remittances. Such players have a retail network from which they can pass or receive the amount remitted. In the past two decades, though, digital remittance providers have entered the market. These providers pose a significant challenge to conventional cash-in-hand services due to decreased user fees and ease of use. They deliver a digital transfer network that provides an easy-to-use mobile application and reduces the need for time-consuming form-filling operations, agents, and passwords.

The growth of the digital remittance industry is led by a rise in digitization & automation, decreased remittance costs & transfer time, and a rise in the adoption of banking & financial services. In addition, regulatory policies that enable all financial institutions to become more accountable and to cultivate richer data and partner ecosystems support business expansion. Nevertheless, lack of understanding and feedback is a crucial element that keeps people from going for a digital transition mode. Improved access to financial services, such as simple bank accounts by remittance users, and an increase in Internet penetration provide market growth opportunities.

Artificial Intelligence (AI), Virtual Reality (VR) and Augmented Reality ( AR) solutions are expected to make a significant contribution while responding to the COVID-19 pandemic and addressing ever-changing challenges. The current situation as a result of the outbreak of the epidemic will inspire pharmaceutical suppliers and healthcare establishments to improve their R&D investment in AI, acting as a key technology for enabling various initiatives.

Based on Type, the market is segmented into Outward and Inward. Based on End Use, the market is segmented into Personal, Small Businesses, Migrant Labor Workforce and Others. Based on Channel, the market is segmented into Money Transfer Operators, Online Platforms, Banks and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: Digital Remittance Market in Asia Pacific is expected to register a CAGR of 19.2% during the forecast period (2020-2026)

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ripple Labs, Inc., Remitly, Inc., WorldRemit Ltd., TransferWise Ltd., TransferGo Ltd., NIUM Pvt. Ltd., Digital Wallet Corporation, Azimo Limited, Mobetize Corporation, and Arcus Financial Intelligence, Inc.

Scope of the Asia Pacific Digital Remittance Market Analysis

Market Segmentation:

By Type

• Outward
• Inward

By End-Use

• Personal
• Small Businesses
• Migrant Labor Workforce
• Others

By Channel

• Money Transfer Operators
• Online Platforms
• Banks
• Others

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Companies Profiled

• Ripple Labs, Inc.
• Remitly, Inc.
• WorldRemit Ltd.
• TransferWise Ltd.
• TransferGo Ltd.
• NIUM Pvt. Ltd.
• Digital Wallet Corporation
• Azimo Limited
• Mobetize Corporation
• Arcus Financial Intelligence, Inc.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Digital Remittance Market, by Type
1.4.2 Asia Pacific Digital Remittance Market, by End Use
1.4.3 Asia Pacific Digital Remittance Market, by Channel
1.4.4 Asia Pacific Digital Remittance Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Recent Industry Wide Strategic Developments
3.1.1 Partnerships, Collaborations and Agreements
3.1.2 Product Launches and Product Expansions
3.1.3 Business Unit Expansions
3.1.4 Geographical Expansions
3.1.5 Mergers & Acquisitions
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.2.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2018, Feb – 2020,Apr) Leading Players

Chapter 4. Asia Pacific Digital Remittance Market by Type
4.1 Asia Pacific Digital Remittance Outward Market by Country
4.2 Asia Pacific Digital Remittance Inward Market by Country

Chapter 5. Asia Pacific Digital Remittance Market by End Use
5.1 Asia Pacific Digital Remittance Personal Market by Country
5.2 Asia Pacific Digital Remittance Small Businesses Market by Country
5.3 Asia Pacific Digital Remittance Migrant Labor Workforce Market by Country
5.4 Asia Pacific Other End Use Digital Remittance Market by Country

Chapter 6. Asia Pacific Digital Remittance Market by Channel
6.1 Asia Pacific Money Transfer Operators Digital Remittance Market by Country
6.2 Asia Pacific Online Platforms Digital Remittance Market by Country
6.3 Asia Pacific Banks Digital Remittance Market by Country
6.4 Asia Pacific Others Digital Remittance Market by Country

Chapter 7. Asia Pacific Digital Remittance Market by Country
7.1 China Digital Remittance Market
7.1.1 China Digital Remittance Market by Type
7.1.2 China Digital Remittance Market by End Use
7.1.3 China Digital Remittance Market by Channel
7.2 Japan Digital Remittance Market
7.2.1 Japan Digital Remittance Market by Type
7.2.2 Japan Digital Remittance Market by End Use
7.2.3 Japan Digital Remittance Market by Channel
7.3 India Digital Remittance Market
7.3.1 India Digital Remittance Market by Type
7.3.2 India Digital Remittance Market by End Use
7.3.3 India Digital Remittance Market by Channel
7.4 South Korea Digital Remittance Market
7.4.1 South Korea Digital Remittance Market by Type
7.4.2 South Korea Digital Remittance Market by End Use
7.4.3 South Korea Digital Remittance Market by Channel
7.5 Singapore Digital Remittance Market
7.5.1 Singapore Digital Remittance Market by Type
7.5.2 Singapore Digital Remittance Market by End Use
7.5.3 Singapore Digital Remittance Market by Channel
7.6 Malaysia Digital Remittance Market
7.6.1 Malaysia Digital Remittance Market by Type
7.6.2 Malaysia Digital Remittance Market by End Use
7.6.3 Malaysia Digital Remittance Market by Channel
7.7 Rest of Asia Pacific Digital Remittance Market
7.7.1 Rest of Asia Pacific Digital Remittance Market by Type
7.7.2 Rest of Asia Pacific Digital Remittance Market by End Use
7.7.3 Rest of Asia Pacific Digital Remittance Market by Channel

Chapter 8. Company Profiles
8.1 Ripple Labs, Inc.
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Partnerships, Collaborations, and Agreements:
8.2 Remitly, Inc.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.3 WorldRemit Ltd.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Partnerships, Collaborations, and Agreements:
8.3.2.2 Product Launches and Product Expansions:
8.3.2.3 Geographical Expansions:
8.4 TransferWise Ltd.
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.4.2.2 Geographical Expansions:
8.5 TransferGo Ltd.
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Partnerships, Collaborations, and Agreements:
8.5.2.2 Product Launches and Product Expansions:
8.6 NIUM Pvt. Ltd.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Product Launches and Product Expansions:
8.7 Digital Wallet Corporation
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.7.2.2 Acquisition and Mergers:
8.8 Azimo Limited
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Business Unit Expansions:
8.9 Mobetize Corporation
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.1 Arcus Financial Intelligence, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:

TABLE 1 Asia Pacific Digital Remittance Market, 2016 - 2019, USD Million
TABLE 2 Asia Pacific Digital Remittance Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Digital Remittance Market
TABLE 4 Product Launches And Product Expansions– Digital Remittance Market
TABLE 5 Business Unit Expansions– Digital Remittance Market
TABLE 6 Geographical Expansions– Digital Remittance Market
TABLE 7 Mergers & Acquisitions – Digital Remittance Market
TABLE 8 Asia Pacific Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 9 Asia Pacific Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 10 Asia Pacific Digital Remittance Outward Market by Country, 2016 - 2019, USD Million
TABLE 11 Asia Pacific Digital Remittance Outward Market by Country, 2020 - 2026, USD Million
TABLE 12 Asia Pacific Digital Remittance Inward Market by Country, 2016 - 2019, USD Million
TABLE 13 Asia Pacific Digital Remittance Inward Market by Country, 2020 - 2026, USD Million
TABLE 14 Asia Pacific Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 15 Asia Pacific Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 16 Asia Pacific Digital Remittance Personal Market by Country, 2016 - 2019, USD Million
TABLE 17 Asia Pacific Digital Remittance Personal Market by Country, 2020 - 2026, USD Million
TABLE 18 Asia Pacific Digital Remittance Small Businesses Market by Country, 2016 - 2019, USD Million
TABLE 19 Asia Pacific Digital Remittance Small Businesses Market by Country, 2020 - 2026, USD Million
TABLE 20 Asia Pacific Digital Remittance Migrant Labor Workforce Market by Country, 2016 - 2019, USD Million
TABLE 21 Asia Pacific Digital Remittance Migrant Labor Workforce Market by Country, 2020 - 2026, USD Million
TABLE 22 Asia Pacific Other End Use Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 23 Asia Pacific Other End Use Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 24 Asia Pacific Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 25 Asia Pacific Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 26 Asia Pacific Money Transfer Operators Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 27 Asia Pacific Money Transfer Operators Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 28 Asia Pacific Online Platforms Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 29 Asia Pacific Online Platforms Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 30 Asia Pacific Banks Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 31 Asia Pacific Banks Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 32 Asia Pacific Others Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 33 Asia Pacific Others Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 34 Asia Pacific Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 35 Asia Pacific Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 36 China Digital Remittance Market, 2016 - 2019, USD Million
TABLE 37 China Digital Remittance Market, 2020 - 2026, USD Million
TABLE 38 China Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 39 China Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 40 China Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 41 China Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 42 China Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 43 China Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 44 Japan Digital Remittance Market, 2016 - 2019, USD Million
TABLE 45 Japan Digital Remittance Market, 2020 - 2026, USD Million
TABLE 46 Japan Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 47 Japan Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 48 Japan Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 49 Japan Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 50 Japan Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 51 Japan Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 52 India Digital Remittance Market, 2016 - 2019, USD Million
TABLE 53 India Digital Remittance Market, 2020 - 2026, USD Million
TABLE 54 India Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 55 India Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 56 India Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 57 India Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 58 India Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 59 India Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 60 South Korea Digital Remittance Market, 2016 - 2019, USD Million
TABLE 61 South Korea Digital Remittance Market, 2020 - 2026, USD Million
TABLE 62 South Korea Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 63 South Korea Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 64 South Korea Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 65 South Korea Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 66 South Korea Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 67 South Korea Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 68 Singapore Digital Remittance Market, 2016 - 2019, USD Million
TABLE 69 Singapore Digital Remittance Market, 2020 - 2026, USD Million
TABLE 70 Singapore Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 71 Singapore Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 72 Singapore Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 73 Singapore Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 74 Singapore Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 75 Singapore Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 76 Malaysia Digital Remittance Market, 2016 - 2019, USD Million
TABLE 77 Malaysia Digital Remittance Market, 2020 - 2026, USD Million
TABLE 78 Malaysia Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 79 Malaysia Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 80 Malaysia Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 81 Malaysia Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 82 Malaysia Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 83 Malaysia Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 84 Rest of Asia Pacific Digital Remittance Market, 2016 - 2019, USD Million
TABLE 85 Rest of Asia Pacific Digital Remittance Market, 2020 - 2026, USD Million
TABLE 86 Rest of Asia Pacific Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 87 Rest of Asia Pacific Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 88 Rest of Asia Pacific Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 89 Rest of Asia Pacific Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 90 Rest of Asia Pacific Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 91 Rest of Asia Pacific Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 92 Key Information – Ripple Labs, Inc.
TABLE 93 Key information – Remitly, Inc.
TABLE 94 Key Information – WorldRemit Ltd.
TABLE 95 Key Information –TransferWise Ltd.
TABLE 96 Key Information – TransferGo Ltd.
TABLE 97 Key Information – NIUM Pvt. Ltd.
TABLE 98 Key Information – Digital Wallet Corporation
TABLE 99 Key Information – Azimo Limited
TABLE 100 Key information – Mobetize Corporation
TABLE 101 Key information – Arcus Financial Intelligence, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 3 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2018, Feb – 2020,Apr) Leading Players
FIG 4 Recent strategies and developments: WorldRemit Ltd.
FIG 5 Recent strategies and developments: TransferWise Ltd.
FIG 6 Recent strategies and developments: TransferGo Ltd.
FIG 7 Recent strategies and developments: NIUM Pvt. Ltd.
FIG 8 Recent strategies and developments: Digital Wallet Corporation
FIG 9 Recent strategies and developments: Azimo Limited