Global Remittance Market Report 2015 Edition : Key Factors of Driving Growth to Urbanization, Accelerating Economic Growth, Rising Employment Population and Rapidly Increasing International Migrant Population and Expanding Existing Payment System Infrastructure for Remittances

Global Remittance Market Report: 2015 Edition Size and Share Published in 2016-01-11 Available for US$ 800 at


Remittance is defined as transfer of money by an individual residing in foreign country to his/her home country. The monetary fund transferred by foreign migrants to their homes represents second largest financial inflow to the respective nation. Remittance channel is collectively comprised of a sender, a recipient, intermediaries in both countries, and the payment interface used by the intermediaries. In order to ensure greatest security during any money transfer transaction, certain international standards have been set by the World Bank. The remittance system encompasses the following components: Remittance Service Providers (RSP), Remittance Corridors, and Remittance Network and, Money Transfer System. Remittances are playing an increasingly large role in the economies of many countries. They contribute to economic growth and to the livelihoods of less prosperous people.

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The key factors driving the growth of the global remittance market are growing urbanization, accelerating economic growth, rising employment population and rapidly increasing international migrant population. Some of the noteworthy trends and developments of this industry are sustainable development goals and financing for development, expanding existing payment system infrastructure for remittances, unstable remittance cost, the impact of remittance on health, education and poverty, wide portfolio of remittance services and electronic transactions on the rise. However, the expansion of global remittance market is hindered by strict regulatory compliances and access points establishment.

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Table of Content

1. Overview

1.1 Types of Remittance Services

1.2 Remittance Marketplace

1.2.1 Components of Remittance Marketplace

1.3 Remittance Market Value Chain

2. Global Remittance Market

2.1. Remittance Market by Income Characteristics

2.1.1 Low Income Countries

2.1.2 Middle Income Countries

2.1.3 High Income Countries

2.2 Remittances Market by Region

2.2.1 Developing Countries

2.2.2 East Asia and Pacific Region

2.2.3 Europe and Central Asia Region

2.2.4 Latin America and Caribbean Region

2.2.5 Middle East and North Africa Region

2.2.6 South Asia Region

2.2.7 Sub Saharan Africa Region

2.3 Remittances Market by Largest Receiving Countries

2.3.1 India

2.3.2 China

2.3.3 Philippines

2.3.4 Mexico

2.4 Remittances Market by Largest Contributing Countries

2.4.1 The US

2.4.2 Saudi Arabia

2.4.3 Russian Federation

2.4.4 Switzerland

3. Market Dynamics

3.1 Growth Drivers

3.1.1 Increasing International Migration

3.1.2 Growing Urbanization

3.1.3 Economic Growth

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