LAMEA 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 Latin America, Middle East and Africa Digital Remittance Market would witness market growth of 21.5% CAGR during the forecast period (2020-2026). Digital remittances have the ability to transform the remittances industry in Southern Africa, minimize costs and promote the transition from unregulated and cash-based remittance networks to regulated digital platforms. However, enhancing financial inclusion, building consumer knowledge and confidence in emerging technology platforms will be key, and the implementation of regulatory frameworks that balance creativity and risk will be vital to this transformation.

Blockchain is one of the main innovations that will disrupt the money transfer industry. While most major financial institutions and exchanges are still unwilling to give up traditional money and digital currency funds, adoption among remittance start-ups has increased dramatically as they use blockchain to deliver safer, quicker and cheaper financial services to those who are underserved or under-served by their local formal financial network.

The mainstream financial institutions do use blockchain-driven systems to effect remittance transactions. However, there are still major negative correlations with technology, as the robustness of the new financial system is considered to be lacking. In addition, regulators around the world are divided on how best to respond to blockchain and related cryptocurrencies. Economic responses vary from tentative hope to a strong call for a moratorium on cryptocurrencies. As a consequence, the biggest bottleneck in technological acceptance and the consequent cost reduction in remittance transactions derives from regulatory reluctance and uncertainty.

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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: Digital Remittance Market in LAMEA is expected to register a CAGR of 21.5% 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 LAMEA 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

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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 Latin America, Middle East and Africa (LAMEA) Digital Remittance Market, by Type
1.4.2 Latin America, Middle East and Africa (LAMEA) Digital Remittance Market, by End Use
1.4.3 Latin America, Middle East and Africa (LAMEA) Digital Remittance Market, by Channel
1.4.4 Latin America, Middle East and Africa (LAMEA) 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. LAMEA Digital Remittance Market by Type
4.1 LAMEA Digital Remittance Outward Market by Country
4.2 LAMEA Digital Remittance Inward Market by Country

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

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

Chapter 7. LAMEA Digital Remittance Market by Country
7.1 Brazil Digital Remittance Market
7.1.1 Brazil Digital Remittance Market by Type
7.1.2 Brazil Digital Remittance Market by End Use
7.1.3 Brazil Digital Remittance Market by Channel
7.2 Argentina Digital Remittance Market
7.2.1 Argentina Digital Remittance Market by Type
7.2.2 Argentina Digital Remittance Market by End Use
7.2.3 Argentina Digital Remittance Market by Channel
7.3 UAE Digital Remittance Market
7.3.1 UAE Digital Remittance Market by Type
7.3.2 UAE Digital Remittance Market by End Use
7.3.3 UAE Digital Remittance Market by Channel
7.4 Saudi Arabia Digital Remittance Market
7.4.1 Saudi Arabia Digital Remittance Market by Type
7.4.2 Saudi Arabia Digital Remittance Market by End Use
7.4.3 Saudi Arabia Digital Remittance Market by Channel
7.5 South Africa Digital Remittance Market
7.5.1 South Africa Digital Remittance Market by Type
7.5.2 South Africa Digital Remittance Market by End Use
7.5.3 South Africa Digital Remittance Market by Channel
7.6 Nigeria Digital Remittance Market
7.6.1 Nigeria Digital Remittance Market by Type
7.6.2 Nigeria Digital Remittance Market by End Use
7.6.3 Nigeria Digital Remittance Market by Channel
7.7 Rest of LAMEA Digital Remittance Market
7.7.1 Rest of LAMEA Digital Remittance Market by Type
7.7.2 Rest of LAMEA Digital Remittance Market by End Use
7.7.3 Rest of LAMEA 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 LAMEA Digital Remittance Market, 2016 - 2019, USD Million
TABLE 2 LAMEA 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 LAMEA Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 9 LAMEA Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 10 LAMEA Digital Remittance Outward Market by Country, 2016 - 2019, USD Million
TABLE 11 LAMEA Digital Remittance Outward Market by Country, 2020 - 2026, USD Million
TABLE 12 LAMEA Digital Remittance Inward Market by Country, 2016 - 2019, USD Million
TABLE 13 LAMEA Digital Remittance Inward Market by Country, 2020 - 2026, USD Million
TABLE 14 LAMEA Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 15 LAMEA Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 16 LAMEA Digital Remittance Personal Market by Country, 2016 - 2019, USD Million
TABLE 17 LAMEA Digital Remittance Personal Market by Country, 2020 - 2026, USD Million
TABLE 18 LAMEA Digital Remittance Small Businesses Market by Country, 2016 - 2019, USD Million
TABLE 19 LAMEA Digital Remittance Small Businesses Market by Country, 2020 - 2026, USD Million
TABLE 20 LAMEA Digital Remittance Migrant Labor Workforce Market by Country, 2016 - 2019, USD Million
TABLE 21 LAMEA Digital Remittance Migrant Labor Workforce Market by Country, 2020 - 2026, USD Million
TABLE 22 LAMEA Other End Use Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 23 LAMEA Other End Use Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 24 LAMEA Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 25 LAMEA Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 26 LAMEA Money Transfer Operators Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 27 LAMEA Money Transfer Operators Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 28 LAMEA Online Platforms Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 29 LAMEA Online Platforms Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 30 LAMEA Banks Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 31 LAMEA Banks Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 32 LAMEA Others Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 33 LAMEA Others Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 34 LAMEA Digital Remittance Market by Country, 2016 - 2019, USD Million
TABLE 35 LAMEA Digital Remittance Market by Country, 2020 - 2026, USD Million
TABLE 36 Brazil Digital Remittance Market, 2016 - 2019, USD Million
TABLE 37 Brazil Digital Remittance Market, 2020 - 2026, USD Million
TABLE 38 Brazil Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 39 Brazil Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 40 Brazil Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 41 Brazil Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 42 Brazil Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 43 Brazil Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 44 Argentina Digital Remittance Market, 2016 - 2019, USD Million
TABLE 45 Argentina Digital Remittance Market, 2020 - 2026, USD Million
TABLE 46 Argentina Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 47 Argentina Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 48 Argentina Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 49 Argentina Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 50 Argentina Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 51 Argentina Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 52 UAE Digital Remittance Market, 2016 - 2019, USD Million
TABLE 53 UAE Digital Remittance Market, 2020 - 2026, USD Million
TABLE 54 UAE Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 55 UAE Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 56 UAE Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 57 UAE Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 58 UAE Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 59 UAE Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 60 Saudi Arabia Digital Remittance Market, 2016 - 2019, USD Million
TABLE 61 Saudi Arabia Digital Remittance Market, 2020 - 2026, USD Million
TABLE 62 Saudi Arabia Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 63 Saudi Arabia Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 64 Saudi Arabia Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 65 Saudi Arabia Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 66 Saudi Arabia Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 67 Saudi Arabia Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 68 South Africa Digital Remittance Market, 2016 - 2019, USD Million
TABLE 69 South Africa Digital Remittance Market, 2020 - 2026, USD Million
TABLE 70 South Africa Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 71 South Africa Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 72 South Africa Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 73 South Africa Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 74 South Africa Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 75 South Africa Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 76 Nigeria Digital Remittance Market, 2016 - 2019, USD Million
TABLE 77 Nigeria Digital Remittance Market, 2020 - 2026, USD Million
TABLE 78 Nigeria Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 79 Nigeria Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 80 Nigeria Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 81 Nigeria Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 82 Nigeria Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 83 Nigeria Digital Remittance Market by Channel, 2020 - 2026, USD Million
TABLE 84 Rest of LAMEA Digital Remittance Market, 2016 - 2019, USD Million
TABLE 85 Rest of LAMEA Digital Remittance Market, 2020 - 2026, USD Million
TABLE 86 Rest of LAMEA Digital Remittance Market by Type, 2016 - 2019, USD Million
TABLE 87 Rest of LAMEA Digital Remittance Market by Type, 2020 - 2026, USD Million
TABLE 88 Rest of LAMEA Digital Remittance Market by End Use, 2016 - 2019, USD Million
TABLE 89 Rest of LAMEA Digital Remittance Market by End Use, 2020 - 2026, USD Million
TABLE 90 Rest of LAMEA Digital Remittance Market by Channel, 2016 - 2019, USD Million
TABLE 91 Rest of LAMEA 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