Global Digital Remittance Market Size & Outlook, 2023-2030

The digital remittance industry worldwide is expected to reach a projected revenue of US$ 60,051.6 million by 2030. A compound annual growth rate of 15.6% is expected of the worldwide digital remittance industry from 2024 to 2030.
Revenue, 2023 (US$M)
$21,832.3
Forecast, 2030 (US$M)
$60,051.6
CAGR, 2024 - 2030
15.6%
Report Coverage
Worldwide

Global digital remittance market highlights

  • The global digital remittance market generated a revenue of USD 21,832.3 million in 2023 and is expected to reach USD 60,051.6 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 15.6% by 2030.
  • In terms of segment, outward digital remittance accounted for a revenue of USD 12,697.6 million in 2023.
  • Inward Digital Remittance is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 21,832.3 million
Market revenue in 2030USD 60,051.6 million
Growth rate15.6% (CAGR from 2023 to 2030)
Largest segmentOutward digital remittance
Fastest growing segmentInward Digital Remittance
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInward Digital Remittance, Outward Digital Remittance

Other key industry trends

  • In terms of revenue, the North America accounted for 28.1% of the global digital remittance market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 13,402.0 million by 2030.

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Digital Remittance Market Companies

Name Profile # Employees HQ Website

Global digital remittance market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital remittance market will help companies and investors design strategic landscapes.


Outward digital remittance was the largest segment with a revenue share of 58.16% in 2023. Horizon Databook has segmented the Global digital remittance market based on inward digital remittance, outward digital remittance covering the revenue growth of each sub-segment from 2017 to 2030.


  • Global Digital Remittance Type Outlook (Revenue, USD Million, 2017-2030)
    • Inward Digital Remittance
    • Outward Digital Remittance
  • Global Digital Remittance Channel Outlook (Revenue, USD Million, 2017-2030)
    • Banks
    • Money Transfer Operators
    • Online Platforms
    • Others
  • Global Digital Remittance End Use Outlook (Revenue, USD Million, 2017-2030)
    • Migrant Labor Workforce
    • Personal
    • Small Businesses
    • Others

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  • Our clientele includes a mix of digital remittance market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global digital remittance market , including forecasts for subscribers. This global databook contains high-level insights into Global digital remittance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Global digital remittance market size, by region, 2017-2030 (US$M)

Top 10 countries: Digital remittance market size, 2023 (US$M)

Global digital remittance market share, by type, 2023 & 2030 (%, US$M)

Digital remittance market: Opportunity assessment by country

Global digital remittance market, by region, 2023 (US$M)

Global digital remittance market size, by region, 2017-2030 (US$M)

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