South Africa Digital Remittance Market Size & Outlook

The digital remittance market in South Africa is expected to reach a projected revenue of US$ 797.8 million by 2030. A compound annual growth rate of 16.4% is expected of South Africa digital remittance market from 2025 to 2030.
Revenue, 2024 (US$M)
$330.0
Forecast, 2030 (US$M)
$797.8
CAGR, 2025 - 2030
16.4%
Report Coverage
South Africa

South Africa digital remittance market highlights

  • The South Africa digital remittance market generated a revenue of USD 330.0 million in 2024 and is expected to reach USD 797.8 million by 2030.
  • The South Africa market is expected to grow at a CAGR of 16.4% from 2025 to 2030.
  • In terms of segment, outward digital remittance was the largest revenue generating type in 2024.
  • Inward Digital Remittance is the most lucrative type segment registering the fastest growth during the forecast period.


Digital remittance market data book summary

Market revenue in 2024USD 330.0 million
Market revenue in 2030USD 797.8 million
Growth rate16.4% (CAGR from 2025 to 2030)
Largest segmentOutward digital remittance
Fastest growing segmentInward Digital Remittance
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInward Digital Remittance, Outward Digital Remittance
Key market players worldwideSony Group Corp, PayPal Holdings Inc, Wise PLC Class A, The Western Union Co


Other key industry trends

  • In terms of revenue, South Africa accounted for 1.3% of the global digital remittance market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, Saudi Arabia digital remittance market is projected to lead the regional market in terms of revenue in 2030.
  • UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,537.1 million by 2030.

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Digital Remittance Market Companies

Name Profile # Employees HQ Website

South Africa 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 64.45% in 2024. Horizon Databook has segmented the South Africa digital remittance market based on inward digital remittance, outward digital remittance covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of South Africa digital remittance market databook

  • 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.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the South Africa digital remittance market , including forecasts for subscribers. This country databook contains high-level insights into South Africa digital remittance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Africa digital remittance market size, by type, 2018-2030 (US$M)

South Africa Digital Remittance Market Outlook Share, 2024 & 2030 (US$M)

South Africa digital remittance market size, by type, 2018-2030 (US$M)

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