NJ New Jersey, USA -- (SBWire) -- 01/16/2023 --Advance Market Analytics added research publication document on Worldwide Money Remittance and Bill Payment Services Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Money Remittance and Bill Payment Services market. The study provides valuable market size data for historical (Volume** & Value) from 2017 to 2021 which is estimated and forecasted till 2027*. Some are the key & emerging players that are part of coverage and have being profiled are Azimo Limited (United Kingdom), Digital Wallet Corporation (Asia Pacific), InstaReM Pvt. Ltd. (India), PayPal Holdings, Inc. (United States), Ria Financial Services Ltd. (United States), TransferGo Ltd. (United Kingdom), TransferWise Ltd. (United Kingdom), Western Union Holdings, Inc. (United States), WorldRemit Ltd. (United Kingdom).
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Under federal law, a remittance transfer provider is a business that transfers money electronically for consumers to people and businesses in foreign countries. These companies include many money transmitters, banks and credit unions, and possibly other types of financial services companies. A remittance is a transfer of funds. A cash remittance is when the sender deposits cash instead of using a debit or credit card, cheque, or direct bank transfer to remit
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Opportunities:
- Digitization of payments, transfers, and remittances contributes to the goals of broad-based economic growth, financial inclusion, and women's economic
Influencing Market Trend
- New technology developed
Market Drivers
- Convenient in paying bill or transferring money
Challenges:
- Lack of awareness of services
Analysis by Type (Money Order (MO), Instant Money Order (iMO), International Money Transfer (IMT), Electronic Clearance Service (ECS), IFS Money Order, Mobile Money Transfer), Category (Domestic Remittance, International Remittance), Downstream (Door-to-door delivery, Branch pick-up, Direct to account transfer, Cash/pre-paid cards)
Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
- % Market Share, Segment Revenue, Swot Analysis for each profiled company [Azimo Limited (United Kingdom), Digital Wallet Corporation (Asia Pacific), InstaReM Pvt. Ltd. (India), PayPal Holdings, Inc. (United States), Ria Financial Services Ltd. (United States), TransferGo Ltd. (United Kingdom), TransferWise Ltd. (United Kingdom), Western Union Holdings, Inc. (United States), WorldRemit Ltd. (United Kingdom)]
- Business overview and Product/Service classification
- Product/Service Matrix [Players by Product/Service comparative analysis]
- Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
- Consumption, Capacity & Production by Players
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The regional analysis of Global Money Remittance and Bill Payment Services Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2022-2027.
Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
Read Executive Summary and Detailed Index of full Research Study @ https://www.advancemarketanalytics.com/reports/182518-global-money-remittance-and-bill-payment-services---market#utm_source=SBWireLal
Highlights of the Report
- The future prospects of the global Money Remittance and Bill Payment Services market during the forecast period 2021-2027 are given in the report.
- The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
- The emerging technologies that are driving the growth of the market are highlighted in the report.
- The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
- The report studies the leading manufacturers and other players entering the global Money Remittance and Bill Payment Services market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
