Description
The remittance industry contributes to the economic growth of the countries participating in the practice as well as to the livelihood of the individuals involved . The remittance system is comprised of the Remittance Service Providers ( RSP ), Remittance Corridors , the Remittance Network and the Money transfer system . Remittance Services are divided primarily on the basis of ways a network of access points is created and linked . There are broadly four categories : unilateral services , franchised services , negotiated services and open services .
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The key factors driving the growth of remittance market are increasing international migration , growing urbanization , accelerating economic growth and rising employment opportunities . A noteworthy trend of this industry is cost by sending and receiving method , unstable remittance cost , increased access to financial services , changing technology landscape for payments , more convenience and lesser costs , advancement in technology , and maturing of immigrant communities . However , the expansion of the market is hindered by de-risking is threatening the industry and access points establishment .
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The report “ Global Remittance Market ” provides an in-depth analysis of the global remittance market , along with a study of top remittance receiving and contributing countries . The report also includes detailed description of regional markets . The major trends , growth drivers as well as issues being faced by the industry are being presented in this report . The industry comprises few large players such as MoneyGram International Inc ., Western Union Company and Euronet Worldwide Inc . All these companies have been profiled in the present report highlighting their key financials and business strategies for growth .
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Some points from TOC :
1 . Remittance Market - An Overview 1.1 An Introduction 1.2 Types of Remittance Services 1.3 Remittance Marketplace 1.4 Remittance Market Value Chain
2 . Global Remittance Market Analysis 2.1 Global Remittance Inflow 2.2 Global Average Remittance Cost by Region 2.3 Global Average Cost by Remittance Service Provider
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