Market Research Reports - Ken Research Brazil Remittance Market Research Report

Brazil Remittance Market Outlook to 2022: Ken Research
The report titled “Brazil Remittance Market by Inbound and Outbound International
Remittance, 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 and Broadband Bills and Mobile
Recharge Bills) and by Regions – Outlook to 2022” provides a comprehensive analysis of the
remittance market in Brazil. 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 (World
Remit, Western Union, Transfer Wise, Money Gram, RIA Money Transfer, XOOM Corporation,
Currency Solutions, 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.
Market Overview
Brazil Remittance and bill payment industry has witnessed a stellar growth in past few years.
Remittance represents an important source of currency for the country and currently comprises
of ~% of the Brazil’s GDP. Rising Brazilian immigrants in other countries, better job
opportunities, high salary and low employment rate in Brazil has attributed in the increasing
market size of the industry. Brazil remittance industry is highly fragmented with presence of
large number of domestic as well as international players. The remittance fund is transferred
through different payment modes like online payment, account to account, cash/ cheque,
money orders and others. In terms of transaction volume, Brazil remittance industry
augmented from USD ~ million during 2012 to USD ~ million during 2017 at a CAGR of ~%
during 2012-2017. International remittance market has majorly dominated the remittance
industry in Brazil. The inflow of remittance fund from other countries to Brazil has contributed
largely in the revenues of the market. The US is the major contributor in the remittance fund