Latin America Digital Remittance Market Size & Outlook
Latin America digital remittance market, 2017-2030 (US$M)
Related Markets
Latin America digital remittance market highlights
- The Latin America digital remittance market generated a revenue of USD 2,767.1 million in 2023.
- The market is expected to grow at a CAGR of 16.5% from 2024 to 2030.
- In terms of segment, outward digital remittance was the largest revenue generating type in 2023.
- Inward Digital Remittance is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,767.1 million |
| Market revenue in 2030 | USD 8,055.6 million |
| Growth rate | 16.5% (CAGR from 2023 to 2030) |
| Largest segment | Outward digital remittance |
| Fastest growing segment | Inward Digital Remittance |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inward Digital Remittance, Outward Digital Remittance |
| Key market players worldwide | Sony Group Corp, PayPal Holdings Inc, Wise PLC Class A, The Western Union Co |
Other key industry trends
- In terms of revenue, Latin America region accounted for 12.7% of the global digital remittance market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,233.0 million by 2030.
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Digital Remittance Market Scope
Digital Remittance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 58.17% in 2023. Horizon Databook has segmented the Latin America digital remittance market based on inward digital remittance, outward digital remittance covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Digital Remittance Type Outlook (Revenue, USD Million, 2017-2030)
- Inward Digital Remittance
- Outward Digital Remittance
- Latin America Digital Remittance Channel Outlook (Revenue, USD Million, 2017-2030)
- Banks
- Money Transfer Operators
- Online Platforms
- Others
- Latin America Digital Remittance End Use Outlook (Revenue, USD Million, 2017-2030)
- Migrant Labor Workforce
- Personal
- Small Businesses
- Others
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Target buyers of Latin America digital remittance market databook
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Our clientele includes a mix of digital remittance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 continent-level data and insights on the Latin America digital remittance market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America digital remittance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America digital remittance market size, by country, 2017-2030 (US$M)
Latin America Digital Remittance Market Outlook Share, 2023 & 2030 (US$M)
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