Digital Money Transfer & Remittances

Digital Money Transfer & Remittances: Vendor Strategies, Opportunities & Market Forecasts 2021-2025

Juniper Research’s new Digital Money Transfer & Remittances research provides a comprehensive analysis of both the domestic and international digital money transfer and remittance markets; examining the impact of the COVID-19 pandemic and the potential timeline for market recovery. It addresses key trends and developments within both the domestic and international money transfer and remittance markets, examines the current and potential further growth of mobile money, and outlines challenges posed by instant payments to established digital money transfer models. The research includes vendor analysis of players across the ecosystem via 3 separate Juniper Research Leaderboards.
 
The research also provides in-depth industry benchmark forecasts and analysis for:
  • Mobile & Online Domestic Money Transfer
  • Mobile & Online International Money Transfer & Remittances
  • Domestic Consumer Instant Payments
  • Cross-border Consumer Instant Payments
This research suite includes:
  • Deep Dive Strategy & Competition (PDF)
  • 5-year Deep Dive Data & Forecasting (PDF & Excel)
  • Executive Summary & Core Findings (PDF)
  • 12 months' access to harvest online data platform

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Key Features

  • Sector Dynamics: Provides a detailed analysis of the digital money transfer market and key trends shaping the ecosystem:
    • Mobile Domestic Money Transfer
    • Online Domestic Money Transfer
    • Mobile International Money Transfer & Remittances
    • Online International Money Transfer & Remittances
  • Market Analysis: An independent analysis of the key trends and outlook for the digital money transfer market, including the growth of mobile transfers and remittances, as well as the shift towards digital payments and the threat posed by instant payments to established money transfer models.
  • Interviews: Key money transfer and remittance platform vendors across the value chain interviewed:
    • Amdocs
    • Comviva
    • Huawei
  • Juniper Research Leaderboards: Key player capability and capacity assessments for 44 vendors within the digital money transfer and remittances ecosystem, via 3 separate Leaderboards:
  • Leading international remittance providers
    • Azimo
    • Currencies Direct
    • CurrencyFair
    • FairFX
    • InstaReM
    • moneycorp
    • MoneyGram
    • OFX
    • Remitly
    • Ria
    • Western Union
    • Wise
    • WorldRemit
    • Xoom
  • Key mobile money transfer providers
    • Airtel Money
    • bKash
    • Easypaisa
    • EcoCash
    • Equitel Money
    • eZ Cash
    • LinkAja
    • MonCash
    • M-PESA
    • MTN Mobile Money
    • Orange Money
    • Tigo
    • Transfer/Telcel
    • uPaisa
    • Wave Money
  • Prominent digital money transfer platform providers
    • Amdocs
    • Comviva
    • Huawei
    • Infosys EdgeVerve
    • Interac
    • Mastercard
    • Money Transfer Application
    • OBOPAY
    • PayPal
    • RemitONE
    • Ripple
    • Seamless Distribution Systems
    • Telepin Software
    • Thunes
    • Visa
  • Benchmark Industry Forecasts: Includes forecasts for domestic and international money transfer and remittances, split by mobile and online, and providing detailed insights into user adoption, as well as transaction volume and value
    • Domestic: Split by 8 key regions, 23 key markets and 5 mobile money transfer types.
    • International: Split by 8 key regions, 23 key markets and 2 mobile money transfer and remittance types.

Key Questions

  1. What key trends are shaping the growth of the international remittances and domestic money transfer markets today?
  2. What are the key countries within the international remittances and domestic money transfer markets?
  3. What impact has the COVID-19 pandemic had on the international remittances and domestic money transfer markets?
  4. To what extent do instant payments pose a threat to the business models employed by players within the international and domestic money transfer markets?
  5. Who are the key platform players disrupting the international and domestic money transfer landscape? How can they secure their market position?

Companies Referenced

Interviewed: Amdocs, Comviva, Huawei.
 
Case Studied: Ripple, SWIFT.
 
Included in Juniper Research International Remittance Providers Leaderboard: Azimo, Currencies Direct, CurrencyFair, FairFX, InstaReM, moneycorp, MoneyGram, OFX, Remitly, Ria, Western Union, Wise, WorldRemit, Xoom.
 
Included in Juniper Research Mobile Money Transfer Leaderboard: Airtel Money, bKash, Easypaisa, EcoCash, Equitel, eZ Cash, LinkAja, MonCash, M-PESA, MTN Mobile Money, Orange Money, Tigo, Transfer, uPaisa, Wave Money.
 
Included in Juniper Research Digital Money Transfer & Remittances Platform Providers Leaderboard: Amdocs, Comviva, FinCode, Huawei, Infosys EdgeVerve, Interac, Mastercard, OBOPAY, PayPal, RemitONE, Ripple, Seamless Distribution Systems, Telepin Software, Thunes, Visa.
 
Mentioned: 2Keys, ABN AMRO, Abu Dhabi Global Market Financial Services Regulatory Authority, Accel, Accenture, ACI Worldwide, Acxsys Corporation, ADD.XYZ, AED, AFEX Money Express, Africell, Afrimoney, AfroCoin, Airtel, Alipay, Allianz, Amazon, América Móvil, American Express, Ant Financial, Apex Money, Apple, Apptopia, Aricent, AsiaHawala, Axiata, Azam Group, Banamex, Banaras Hindu University, Banco Inbursa, Bancolombia, Bank Asia, Bank Muscat, Bank of America Merrill Lynch, Bank of Jamaica, Bank of Montreal, Barclays, Barri, Batelco, BDO, Bharti Enterprises, Bill & Melinda Gates Foundation, Binance.US, Birla Institute of Technology and Science, BIS (Bank of International Settlements), Blockchain.com, BNP Paribas, BOSS Revolution, Bridgepoint, BSNL, BTC SMEGA, Canada Trust, Canadian Western Bank, Cassava Remit, CDOT (Center for Development of Telematics), Central Bank of Brazil, Central Bank of Ghana, Central Bank of Ireland, Central Bank of Kenya, Central Bank of Nigeria, Central Bank of Somalia, Checkout.com, Chime, ChromaWay, CIBC, Cisco Systems, Citi, Citibank, Coinbase, CoinMarketCap, Commerce Bank, Communitech, Compania Națională ‘Poșta Română S.A., Convoy Payments Limited, Co-operative Bank of Kenya, Credit Union Central of Canada, CSG, Cuentas, DBS, Delhi University, Dialog, DigiBank, Digicel, Dinex, Discover Financial Services, dLocal, Early Warning, Earthport, EcoCash, Econet Wireless, eCurrency Mint, eDahab, EIB (European Investment Bank), EITC, Emirates NBD, EPC (European Payments Council), Equity Bank, Ericsson, eServGlobal, Essar, Etisalat, Euronet, European Central Bank, Facebook, Fédération des Caisses Desjardins du Québec, FICO, Fidelity Bank, Finacle, FINCA Canada, First Bank, First Calgary Financial, Flutterwave, Free Money, Gcash, Ghana Chamber of Telecommunications, GhIPSS (Ghana Interbank Payment and Settlement Systems Limited), Glo, GoBank, Goldman Sachs, Google, GoPay, Grameenphone, GT Bank, GT&T MMG, Hand2Hand, Helios Investment Partners, HiFX, Honey, Hormud Telecom, HSBC, Huazhong University of Science and Technology, Hutch, Hyperwallet, ICICI Bank, iDEAL, IFIC Bank, IMB, IME, ING, inwi, iZettle, JazzCash, JSC Mobile Finance, KBZ Bank, Kim Phu Money Transfer, LAP GreenN (Uganda Telecom), Laurentian Bank, Leapfrog Investments, LHV Bank, Libro Credit Union, Linkaja, Luge Capital, MA Transworld, Mama Money, Marcus, Master Remit, Maxis M Money, Metro PCS, Metrobank, MetroRemit, MFS Africa, Mobilink, Monese, Monzo, Movii, Movitel, M-PAISA, M-Pitesan, MUFG Bank, Mukuru, N26, Nagarjuna University, NASDAQ, National Bank, National ITMX Ltd, New York Department of Financial Services, Nickel, Nokia, NPCI (National Payments Corporation of India), OKCoin, Omantel, ONE, Onfido, Ooredoo, Openet, Ovo, Paga, Paxos, Paykii, Payments Canada, Payquick, Paysend, Paytm, People’s Bank of China, Pertamina, Pockit, Proximus, Quickteller, Rakuten, RBC, Remitly, Reserve Bank of India, Reserve Bank of Zimbabwe, Revolut, Ria, Riaktr, Roshan, Royal Bank of Canada, Safaricom Plc, SAMA (the Saudi Arabian Monetary Authority), Santander, SBI, SBM Bank India, SCB (Siam Commercial Bank), Scotiabank, SEC (US Securities and Exchange Commission), Sendwave, Sequoia Capital, Shinhan Bank, Simility, Singaporean United Overseas Bank, Small World, Square, St. Stephen’s College, Standard Bank, Standard Chartered, Starling Bank, State Bank of India, Strex, Swift Financial, Symphoni, Tameer Bank, Tangerine Bank, TchoTcho, TCV, TD Canada Trust, Tech Mahindra, Telcel, Telecel, Telenor, Telkom, Telkom Kenya Limited, Telkomsel, Telma, Tempo, Terapay, TerraPay, Tetragon, The Clearing House Payments Company, TIO Networks, TMCEL, T-Mobile, Transfast, TransferTo, TransferWise, Travelex, True Move, TrueMoney, UBA (United Bank for Africa), UBank, Ufone, UK FCA (Financial Conduct Authority), Union Bank, UPI, USAID, Varo Money, Venmo, Viamericas, Viber, Vocalink, Vodacom, Vodafone, Volaris Group, Wallet Bank Meethaq, Walmart, Wameja, Warid Telecom, WeChat, Westpac, WhatsApp, Wirecard, WiseTech Global, Women in Payments, World Bank, XE, Yoma Bank, Zain Group, Zelle, Zenith.
 

Data & Interactive Forecast

Juniper Research’s latest Digital Money Transfer & Remittances forecast suite includes:
  • Data splits for:
    • Mobile Domestic Money Transfer
    • Mobile International Money Transfer
    • Online Domestic Money Transfer
    • Online International Money Transfer
    • Domestic Consumer Instant Payments
    • Cross-border Consumer Instant Payments
  • Mobile Money Transfer & Remittances split by 7 transaction types:
    • Cash-in
    • Cash-out
    • Domestic Airtime Top-Up
    • Domestic P2P Remittance
    • Bulk Disbursement (G2P)
    • International Airtime Top-Up
    • International P2P Remittance
  • Splits by 8 key geographical regions and by 23 key markets:
    • Australia
    • Brazil
    • Canada
    • China
    • Denmark
    • France
    • Germany
    • India
    • Japan
    • Kenya
    • Mexico
    • Netherlands
    • Nigeria
    • Norway
    • Philippines
    • Portugal
    • Saudi Arabia
    • South Korea
    • Spain
    • Sweden
    • Tanzania
    • UK
    • US
  • Interactive Scenario tool allowing user to manipulate Juniper Research’s data for 10 different metrics.
  • Access to the full set of forecast data of over 100 tables and over 23,000 data points.
Juniper Research’s highly granular interactive Excels enable clients to manipulate Juniper Research’s forecast data and charts to test their own assumptions using the Interactive Scenario Tool, and compare select markets side by side in customised charts and tables. IFxls greatly increase clients’ ability to both understand a particular market and to integrate their own views into the model.

Digital Money Transfer & Remittances Full Research Suite

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Full Research Suite

Digital Money Transfer & Remittances full research suite comprises:

  • Digital Money Transfer & Remittances Executive Summary PDF Report
  • Digital Money Transfer & Remittances Deep Dive Strategy & Competition PDF Report
  • Digital Money Transfer & Remittances Deep Dive Data & Forecasting PDF Report
  • Digital Money Transfer & Remittances Interactive Forecast Excel Data
  • Quarterly PDF Report & Excel Data Updates
  • Domestic Money Transfer PDF Report
  • International Money Transfer PDF Report
  • 12 months' access to Digital Money Transfer & Remittances data updates in harvest - find out more

 

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Research Details

Publisher:
Juniper Research
Published:
19/04/2021
Author(s):
Susannah Hampton
Category:
Fintech & Payments
Regions:
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Countries:
Australia, Brazil, Canada, China, Denmark, France, Germany, India, Japan, Kenya, South Korea, Mexico, Netherlands, Nigeria, Norway, Philippines, Portugal, Saudi Arabia, Spain, Sweden, Tanzania, UK, USA