Market Research Reports - Ken Research Brazil International Money Transfer

Growth in Domestic Remittance Market and Swift growth in Bill Payment Market Led by
Technology and New Business Opportunities will majorly Drive Remittance Market during
2018-2022: Ken Research
The report covers various aspects such as overall market size of Brazil remittance market,
international remittance market, domestic remittance market and bill payment market;
segmentation on the basis of inbound & outbound international remittance, by major flow
corridors (United States, Japan, Germany and others), by mode of transfer (electronic and
cash), by channel (bank and non-bank), by bill payment methods (cash, credit/debit card/e-
wallet and electronic transfers), by types of payment (grocery bills, utility bills, fuel bills, DTH &
broadband bills and mobile recharge bills) and by regions. The report also covers snapshot on
global remittance market, value chain analysis of Brazil remittance & bill payment market,
competitive scenario in the industry, SWOT analysis, trends & developments, issues and
challenges, regulatory scenario of Brazil remittance market. The report also covers the
competitive landscape of the industry and comprehensive profile of leading players
(WorldRemit, Western Union, TransferWise, MoneyGram, RIA Money Transfer, XOOM
Corporation, Currency Solutions and Small World) operating in the market. The report
concludes with future outlook and projections of Brazil remittance market, major
macroeconomic indicators and upcoming trends affecting the market have also been
highlighted in the report. The report also serves competitive scenario for each market which
exists in remittance industry to get an in-depth understanding of remittance sector in Brazil.
The market will witness increase in outflow of remittance fund from Brazil to other countries
owing to upcoming industrial sector and entry of number of foreign players in Brazil.
Rising number of nuclear families due to internal migrations will increase the usage of
electricity, water, broadband, phones and other utilities which will change the shape of
remittance industry in upcoming years.
Brazil remittance market will witness growth in domestic remittance in upcoming years with
significant internal labor which will sustain the money transfer business in the country. Brazil is
expected to witness rise in job opportunities and better wages in developed regions which will
attract residents from various cities to move to urban areas for work. In upcoming years, Brazil
will witness growth of young population which will migrate to other regions for better
education opportunities in both Brazil and foreign countries, resulting in the increasing money
transfer from home town to their destination regions. The domestic remittance industry in
future will be driven majorly by digital money transfer business. The transaction fee for
domestic money transfer is very minimal and has greater speed which will majorly aid the
growth of domestic remittance market in Brazil. It is believed that companies and banks will
expand their network in coming future in order to be easily accessible to the customers.