Global Money Transfer Agencies Market Report 2024

Money Transfer Agencies Global Market Report 2024 – By Type (Banks, Money Transfer Operators, Other Types), By Service Type (Money Transfer, Currency Exchange), By End User (Individual, Business) – Market Size, Trends, And Global Forecast 2024-2033

Money Transfer Agencies Global Market Report 2024

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Money Transfer Agencies Market Definition

Money transfer agencies are financial institutions or companies that specialize in facilitating funds transfer from one person or entity to another, often across different locations or countries. They typically offer domestic and international wire transfers, remittances, and electronic money transfers.

The main types of money transfer agencies are banks, money transfer operators and others. Banks typically refer to financial institutions that are licensed to accept deposits, provide loans and offer various other financial services such as wealth management, currency exchange and safe deposit boxes. The various service types include money transfer and currency exchange and are used by several end users such as individuals and businesses.

Money Transfer Agencies Market Segmentation

The money transfer agencies market covered in this report is segmented –

1) By Type: Banks, Money Transfer Operators, Other Types

2) By Service Type: Money Transfer, Currency Exchange

3) By End User: Individual, Business

Global Money Transfer Agencies Market Size 2023 to 2028: Graph

Money Transfer Agencies Market Size 2024 And Growth Rate

The money transfer agencies market size has grown rapidly in recent years. It will grow from $25.62 billion in 2023 to $29.08 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to the increasing use of smartphones, rise in cross-border trade, rise in disposable incomes, growth in the number of global payment networks, and growth in demand for lower transaction fees.

Money Transfer Agencies Market Growth Forecast

The money transfer agencies market size is expected to see rapid growth in the next few years. It will grow to $48.81 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to the increasing prevalence of remittances from expatriates, increasing number of digital wallets, growing investment in technology infrastructure, growing demand for integrated money transfer solutions, and growing demand for customizable and flexible money transfer options. Major trends in the forecast period include technological advancements, blockchain integration, cross-border transfers, artificial intelligence, and digital wallets.

Money Transfer Agencies Market Driver: Digital Transaction Surge Boosts Growth in Money Transfer Agency Market

The surge in digital transactions is expected to propel the growth of the money transfer agency market going forward. Digital transactions refer to financial exchanges or funds transfers conducted electronically rather than through traditional paper-based methods. The rise in digital transactions is driven by increasing smartphone adoption, improved internet access, and advancements in payment technologies. Money transfer agencies facilitate digital transactions by providing online platforms and mobile apps that allow users to send and receive money instantly, often integrating with digital wallets and leveraging technologies such as blockchain for enhanced security and efficiency. For instance, in September 2023, according to the Consumer Financial Protection Bureau, a US-based government agency, American consumers used Google Pay (a mobile payment service developed by Google, designed to facilitate in-app, online, and in-person contactless purchases using mobile devices) to spend $65.2 billion at retail establishments in 2022, up from $24.8 billion in 2021. Therefore, the surge in digital transactions is driving the growth of the money transfer agency market.

Global Money Transfer Agencies Market Major Players

Major companies operating in the money transfer agencies market are JPMorgan Chase and Co., Bank of America Corporation, Citigroup Inc., Wells Fargo and Company, HDFC Bank Limited, ICICI Bank Limited, Axis Bank Limited, Western Union Holdings Inc., Ria Financial Services Inc., Wise Payments Limited, MoneyGram International Inc., Careem Networks FZ LLC, Remitly Inc., Payoneer Inc., WorldRemit Ltd., Small World Financial Services, Xoom Corporation, Papaya Global Ltd., Skrill Limited, XE.com Inc., CurrencyFair, BookMyForex Pvt. Ltd., Remit2India, Unimoni, Cwallet

Global Money Transfer Agencies Market Trend: Innovations in Money Transfer HSBC Launches Zing International Money Transfer App

Major companies operating in the money transfer agency market are focused on developing innovative solutions, such as the money transfer app, to enhance the user experience, increase transaction speed, and provide secure and convenient digital solutions. Money transfer apps refer to digital platforms that allow users to send and receive money electronically, often across borders, using their smartphones or computers. For instance, in July 2024, Hong Kong and Shanghai Banking Corporation Limited (HSBC), a Hong Kong-based international bank, launched the Zing International Money Transfer App, enabling users to hold funds in over ten different currencies, send money in more than thirty currencies, and transact in over two hundred countries and territories, all through a single app and smart multi-currency card. The launch of Zing aims to provide secure, easy-to-use, and trustworthy financial products to globally-minded consumers. Zing charges no fees for outbound transfers and offers foreign exchange (FX) conversion fees starting at just 0.2%. Users can make free withdrawals at UK ATMs, and the first international ATM withdrawal each month is also free. The app is crafted for simplicity, enabling users to manage their funds, track payments, and convert currencies effortlessly. It features real-time exchange rates and clear fee breakdowns.

Money Transfer Agencies Market Merger And Acquisition: Careem Acquires Denarii To Strengthen Global Money Transfer Capabilities

In July 2022, Careem, a UAE-based technology company, acquired Denarii for an undisclosed amount. With this acquisition, Careem aims to expand its financial services portfolio, enhance its digital payments and money transfer capabilities, and leverage Denarii’s platform to offer more comprehensive financial solutions to its users in the UAE and potentially beyond. Denarii is a UAE-based company that facilitates international and local money transfers through a mobile application, web platform, and application programming interface (API).

Regional Insights For The Global Money Transfer Agencies Market

North America was the largest region in the money transfer agencies market in 2023. The regions covered in the money transfer agencies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the money transfer agencies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The money transfer agencies market includes revenues earned by entities by providing services such as business payments, digital wallets and online platforms. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The money transfer agencies market research report is one of a series of new reports from The Business Research Company that provides money transfer agencies market statistics, including money transfer agencies industry global market size, regional shares, competitors with a money transfer agencies market share, detailed money transfer agencies market segments, market trends and opportunities, and any further data you may need to thrive in the money transfer agencies industry. This money transfer agencies market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Money Transfer Agencies Market Report Forecast Analysis
Report AttributeDetails
Market Size Value In 2024 $29.08 billion
Revenue Forecast In 2033 $48.81 billion
Growth Rate CAGR of 13.8% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Type: Banks, Money Transfer Operators, Other Types
2) By Service Type: Money Transfer, Currency Exchange
3) By End User: Individual, Business
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled JPMorgan Chase and Co., Bank of America Corporation, Citigroup Inc., Wells Fargo and Company, HDFC Bank Limited, ICICI Bank Limited, Axis Bank Limited, Western Union Holdings Inc., Ria Financial Services Inc., Wise Payments Limited, MoneyGram International Inc., Careem Networks FZ LLC, Remitly Inc., Payoneer Inc., WorldRemit Ltd., Small World Financial Services, Xoom Corporation, Papaya Global Ltd., Skrill Limited, XE.com Inc., CurrencyFair, BookMyForex Pvt. Ltd., Remit2India, Unimoni, Cwallet
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Money Transfer Agencies Market Characteristics

    3. Money Transfer Agencies Market Trends And Strategies

    4. Money Transfer Agencies Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Money Transfer Agencies Market Size and Growth

    5.1. Global Money Transfer Agencies Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Money Transfer Agencies Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Money Transfer Agencies Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Money Transfer Agencies Market Segmentation

    6.1. Global Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Banks

    Money Transfer Operators

    Other Types

    6.2. Global Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Money Transfer

    Currency Exchange

    6.3. Global Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Individual

    Business

    7. Money Transfer Agencies Market Regional And Country Analysis

    7.1. Global Money Transfer Agencies Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Money Transfer Agencies Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Money Transfer Agencies Market

    8.1. Asia-Pacific Money Transfer Agencies Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Money Transfer Agencies Market

    9.1. China Money Transfer Agencies Market Overview

    9.2. China Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Money Transfer Agencies Market

    10.1. India Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Money Transfer Agencies Market

    11.1. Japan Money Transfer Agencies Market Overview

    11.2. Japan Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Money Transfer Agencies Market

    12.1. Australia Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Money Transfer Agencies Market

    13.1. Indonesia Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Money Transfer Agencies Market

    14.1. South Korea Money Transfer Agencies Market Overview

    14.2. South Korea Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Money Transfer Agencies Market

    15.1. Western Europe Money Transfer Agencies Market Overview

    15.2. Western Europe Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Money Transfer Agencies Market

    16.1. UK Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Money Transfer Agencies Market

    17.1. Germany Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Money Transfer Agencies Market

    18.1. France Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Money Transfer Agencies Market

    19.1. Italy Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Money Transfer Agencies Market

    20.1. Spain Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Money Transfer Agencies Market

    21.1. Eastern Europe Money Transfer Agencies Market Overview

    21.2. Eastern Europe Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Money Transfer Agencies Market

    22.1. Russia Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Money Transfer Agencies Market

    23.1. North America Money Transfer Agencies Market Overview

    23.2. North America Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Money Transfer Agencies Market

    24.1. USA Money Transfer Agencies Market Overview

    24.2. USA Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Money Transfer Agencies Market

    25.1. Canada Money Transfer Agencies Market Overview

    25.2. Canada Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Money Transfer Agencies Market

    26.1. South America Money Transfer Agencies Market Overview

    26.2. South America Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Money Transfer Agencies Market

    27.1. Brazil Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Money Transfer Agencies Market

    28.1. Middle East Money Transfer Agencies Market Overview

    28.2. Middle East Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Money Transfer Agencies Market

    29.1. Africa Money Transfer Agencies Market Overview

    29.2. Africa Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Money Transfer Agencies Market Competitive Landscape And Company Profiles

    30.1. Money Transfer Agencies Market Competitive Landscape

    30.2. Money Transfer Agencies Market Company Profiles

    30.2.1. JPMorgan Chase and Co.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Bank of America Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Citigroup Inc.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Wells Fargo and Company

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. HDFC Bank Limited

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Money Transfer Agencies Market Other Major And Innovative Companies

    31.1. ICICI Bank Limited

    31.2. Axis Bank Limited

    31.3. Western Union Holdings Inc.

    31.4. Ria Financial Services Inc.

    31.5. Wise Payments Limited

    31.6. MoneyGram International Inc.

    31.7. Careem Networks FZ LLC

    31.8. Remitly Inc.

    31.9. Payoneer Inc.

    31.10. WorldRemit Ltd.

    31.11. Small World Financial Services

    31.12. Xoom Corporation

    31.13. Papaya Global Ltd.

    31.14. Skrill Limited

    31.15. XE.com Inc.

    32. Global Money Transfer Agencies Market Competitive Benchmarking

    33. Global Money Transfer Agencies Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Money Transfer Agencies Market

    35. Money Transfer Agencies Market Future Outlook and Potential Analysis

    35.1 Money Transfer Agencies Market In 2028 - Countries Offering Most New Opportunities

    35.2 Money Transfer Agencies Market In 2028 - Segments Offering Most New Opportunities

    35.3 Money Transfer Agencies Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Money Transfer Agencies Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Money Transfer Agencies Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Asia-Pacific, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: China, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: India, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: Japan, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Australia, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Indonesia, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: South Korea, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: Western Europe, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: UK, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: Germany, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: France, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: Italy, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Spain, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Eastern Europe, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Russia, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: North America, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: USA, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: Canada, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: South America, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: Brazil, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Middle East, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Africa, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: JPMorgan Chase and Co. Financial Performance
  • Table 75: Bank of America Corporation Financial Performance
  • Table 76: Citigroup Inc. Financial Performance
  • Table 77: Wells Fargo and Company Financial Performance
  • Table 78: HDFC Bank Limited Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Money Transfer Agencies Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Money Transfer Agencies Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Asia-Pacific, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: China, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: India, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: Japan, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Australia, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Indonesia, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: South Korea, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: Western Europe, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: UK, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: Germany, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: France, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: Italy, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Spain, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Eastern Europe, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Russia, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: North America, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: USA, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: Canada, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: South America, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: Brazil, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Middle East, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Africa, Money Transfer Agencies Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Money Transfer Agencies Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Money Transfer Agencies Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: JPMorgan Chase and Co. Financial Performance
  • Figure 75: Bank of America Corporation Financial Performance
  • Figure 76: Citigroup Inc. Financial Performance
  • Figure 77: Wells Fargo and Company Financial Performance
  • Figure 78: HDFC Bank Limited Financial Performance
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Frequently Asked Questions

What is the definition of the money transfer agencies market?

Money transfer agencies are financial institutions or companies that specialize in facilitating funds transfer from one person or entity to another, often across different locations or countries. They typically offer domestic and international wire transfers, remittances, and electronic money transfers. For further insights on the money transfer agencies market, request a sample here

How will the money transfer agencies market drivers and restraints affect the money transfer agencies market dynamics? What forces will shape the money transfer agencies industry going forward?

The money transfer agencies market major growth driver - Digital Transaction Surge Boosts Growth in Money Transfer Agency Market. For further insights on the money transfer agencies market, request a sample here

What is the forecast market size or the forecast market value of the money transfer agencies market?

The money transfer agencies market size has grown rapidly in recent years. It will grow from $25.62 billion in 2023 to $29.08 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to the increasing use of smartphones, rise in cross-border trade, rise in disposable incomes, growth in the number of global payment networks, and growth in demand for lower transaction fees. The money transfer agencies market size is expected to see rapid growth in the next few years. It will grow to $48.81 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to the increasing prevalence of remittances from expatriates, increasing number of digital wallets, growing investment in technology infrastructure, growing demand for integrated money transfer solutions, and growing demand for customizable and flexible money transfer options. Major trends in the forecast period include technological advancements, blockchain integration, cross-border transfers, artificial intelligence, and digital wallets. For further insights on the money transfer agencies market, request a sample here

How is the money transfer agencies market segmented?

The money transfer agencies market is segmented
1) By Type: Banks, Money Transfer Operators, Other Types
2) By Service Type: Money Transfer, Currency Exchange
3) By End User: Individual, BusinessFor further insights on the money transfer agencies market,
request a sample here

Which region has the largest share of the money transfer agencies market? What are the other regions covered in the report?

North America was the largest region in the money transfer agencies market in 2023. The regions covered in the money transfer agencies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the money transfer agencies market, request a sample here.

Who are the major players in the money transfer agencies market?

Major companies operating in the money transfer agencies market are JPMorgan Chase and Co., Bank of America Corporation, Citigroup Inc., Wells Fargo and Company, HDFC Bank Limited, ICICI Bank Limited, Axis Bank Limited, Western Union Holdings Inc., Ria Financial Services Inc., Wise Payments Limited, MoneyGram International Inc., Careem Networks FZ LLC, Remitly Inc., Payoneer Inc., WorldRemit Ltd., Small World Financial Services, Xoom Corporation, Papaya Global Ltd., Skrill Limited, XE.com Inc., CurrencyFair, BookMyForex Pvt. Ltd., Remit2India, Unimoni , Cwallet For further insights on the money transfer agencies market, request a sample here.

What are the key trends in the money transfer agencies market?

Major trend in the money transfer agencies market - Innovations in Money Transfer HSBC Launches Zing International Money Transfer App. For further insights on the money transfer agencies market, request a sample here.

What are the major opportunities in the money transfer agencies market? What are the strategies for the money transfer agencies market?

For detailed insights on the major opportunities and strategies in the money transfer agencies market, request a sample here.

How does the money transfer agencies market relate to the overall economy and other similar markets?

For detailed insights on money transfer agencies market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the money transfer agencies industry?

For detailed insights on the mergers and acquisitions in the money transfer agencies industry, request a sample here.

What are the key dynamics influencing the money transfer agencies market growth? SWOT analysis of the money transfer agencies market.

For detailed insights on the key dynamics influencing the money transfer agencies market growth and SWOT analysis of the money transfer agencies industry, request a sample here.