Mobile Remittance Service Market to Witness Astonishing Growth by 2020 |IMR
Global Mobile Remittance Service Market size is expected to grow from USD 20581.03 Million in 2022 to USD 63397.14 Million by 2030, at a CAGR of 15.1% during the forecast period (2023–2030)
The growth of the digital remittance market is driven by rise in digitization & automation, reduced remittance cost & transfer time, and growth in adoption of banking & financial services. Furthermore, regulatory initiatives that encourage all financial institutions to become more transparent and nurture richer ecosystems of data & partners supplement the market growth. However, lack of awareness & guidance is a major factor that restrains people from opting for digital remittance transfer mode. Increase in access of financial services such as basic bank accounts among remittance recipients and rise in internet usage offer growth opportunities for the market.
You can access a sample report here: https://introspectivemarke...
Global Mobile Remittance Service Market size is expected to grow from USD 20581.03 Million in 2022 to USD 63397.14 Million by 2030, at a CAGR of 15.1% during the forecast period (2023–2030)
The growth of the digital remittance market is driven by rise in digitization & automation, reduced remittance cost & transfer time, and growth in adoption of banking & financial services. Furthermore, regulatory initiatives that encourage all financial institutions to become more transparent and nurture richer ecosystems of data & partners supplement the market growth. However, lack of awareness & guidance is a major factor that restrains people from opting for digital remittance transfer mode. Increase in access of financial services such as basic bank accounts among remittance recipients and rise in internet usage offer growth opportunities for the market.
You can access a sample report here: https://introspectivemarke...
06:47 AM - Mar 01, 2024 (UTC)
