International Remittance Market By End-User (Individuals, Businesses); By Providers (Banking Institutions, Non-Banking Institutions); By Type (Inbound Remitance, Outbound Remittance), By Mode (Online (Web-Based, App-Based), Offline), By Country (Indonesia, Thailand, Malaysia, Singapore and Rest of Southeast Asia) - Southeast Asia Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021 - 2029
Industry Trends
Remittance comes from the base word, remit, which means to ‘send back’. It refers to the transfer of money from one party to the other. Generally speaking, the term remittance can also be referred to the payment of an invoice or bill. However, international remittance is closely associated with the transfer of money either through banking or non-banking channels by migrants working in a foreign country, or the transfer of money from an individual in a particular country to another country. Electronic payment systems using banks or money transfer agents are commonly used by individuals and businesses for remittance purposes. The providers of electronic payment systems generally charge a flat fee, which is usually a percentage of the transferred amount, which varies based on the country, mode, and the transaction amount. The advancement in financial technology around the globe is enabling international remittance providers to transfer money in less than a minute. These factors are aiding in the growth of international remittance market.
Globalization is playing a huge role in the growth of the international remittance market in Southeast Asia. Money is being transferred by migrants working in countries such as the U.S., the UK, Canada, China, Australia, the GCC countries, etc., to the Southeast Asian countries with the help of banking channels. The presence of a large number of migrants in the Southeast Asian countries prompted several international banks to setup their offices in Southeast Asia, especially in Singapore. Furthermore, the development of Singapore as a business-friendly country is helping in the growth of businesses as well as the country is seeing an influx of foreign currency for infrastructural purposes. The growth of electronic wire transfers is additionally helping in easing money transfers from other countries. With the development of applications that enable money transfer with minimal hassle, the Southeast Asian international remittance market is expected to see significant growth in the coming years.
The total number of smartphones has seen a significant spike in recent years predominantly due to the availability of economical smartphones of superior quality. The advancement in electronics management technology coupled with the automation of manufacturing processes is promoting the growth of smartphones across the globe. Also, smartphone users are increasingly relying on internet for performing remittance activities, especially in Southeast Asia. The growth in smart devices and personal computers, coupled with the penetration of internet through optic fiber and wireless transmission technology has resulted in the rapid adoption of online remittance channels in the Southeast Asian countries like Indonesia, Malaysia and Singapore, amongst others. Through online remittance channels, both individuals and businesses are keeping track of their transactions with ease, and are able to carry out remittance from the comfort of their home. Companies are also encouraging online remittances, as it is easier to manage and track them, as well as it has reduced the need for additional employees for physical verification of remittances, aiding in the growth of Southeast Asia international remittance market.
In terms of revenue, the Southeast Asia international remittance market was valued at US$ 579.86 Mn in 2020 and is expected to reach US$ 1119.24 Mn by 2029, growing at a CAGR of 7.6% over the forecast period (2021 – 2029). The study analyses the market in terms of revenue across all the major countries.
End-User Outlook:
Based on the end-user, the Southeast Asia international remittance market is bifurcated into individuals and businesses. Individuals accounted for the highest market share in 2020. Increasing use of banking and non-banking institutions by individuals for money transfer and currency exchange in Southeast Asia contributed for the higher share of this sub-segment in the Southeast Asia international remittance market. Furthermore, individuals are also expected to show the highest growth during the forecast years in the Southeast Asia international remittance market, with an expected CAGR of 7.7%.
Providers Outlook:
Based on providers, the Southeast Asia international remittance market is bifurcated into banking and non-banking institutions. Non-banking institutions accounted for the highest market share in 2020 and are expected to grow at the fastest growth rate of 7.8% over the forecast period (2021 – 2029).
Type Outlook:
Based on type, the Southeast Asia international remittance market is bifurcated into inbound remittance and outbound remittance. Inbound remittance accounted for the highest market share in 2020 and is expected to grow at the fastest growth rate over the forecast period (2021 – 2029).
Mode Outlook:
Based on mode, the Southeast Asia international remittance market is bifurcated into online and offline. Offline mode accounted for the highest market share in 2020, however, online mode of transfer is expected to grow at the fastest growth rate of 8.3% over the forecast period. (2021 – 2029). Online mode is further bifurcated into web-based and app-based, wherein web-based segment accounted for the highest market share in 2020.
Region Outlook:
Based on countries, Southeast Asia international remittance market is bifurcated into Indonesia, Thailand, Malaysia, Singapore and Rest of Southeast Asia. The Southeast Asian countries are seeing an influx of money due to the growth in tourism. Southeast Asia is considered as amongst the top holiday destinations globally, and individuals are increasingly flowing into these countries from regions like North America and Europe. Furthermore, remittances by females is increasing rapidly in the Southeast Asian region. The migration of females to developed countries as house help and home nurses is helping in growing the share of women remitter in the Southeast Asian international remittance market. In terms of revenue, Indonesia accounted for the highest share in the Southeast Asian international remittance market in 2020. The presence of a large number of migrant workforce is a major reason for the higher share of Indonesia in the Southeast Asia international remittance market.
Southeast Asia International Remittance Market Revenue & Forecast, (US$ Million), 2015 – 2029
Competitive Landscape
The report provides both, qualitative and quantitative research of international remittance market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analysed in the report. For each company, the report studies their presence, competitors, offerings and specifications amongst others.
Some of the players operating in the international remittance market are Bank of America Corporation, BANK OF CHINA (BOC), Citigroup, Inc., DBS, MoneyGram, NIUM Pte. Ltd., OCBC Bank, OFX Singapore Pte. Limited, Paysafe Holdings UK Limited (Skrill), PT Indo Koala Remitance, Standard Chartered Bank, TorFX Singapore, TransferWise Limited, United Overseas Bank Limited, Western Union Holdings, Inc. and WorldRemit Ltd, amongst others.
Southeast Asia International Remittance Market:
- By End-User
- Individuals
- Businesses
- By Providers
- Banking Institutions
- Non-banking Institutions
- By Type
- Inbound Remittance
- Outbound Remittance
- By Mode
- Online
- Web-based
- App-based
- Offline
- Online
- By Country
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
Table of Contents
1. Market Scope
1.1. Market
Segmentation
1.2. Years
Considered
1.2.1. Historic
Years: 2015 - 2018
1.2.2. Base
Year: 2019
1.2.3. Forecast
Years: 2020 – 2028
2. Key Target Audiences
3. Research Methodology
3.1. Primary
Research
3.1.1. Research
Questionnaire
3.1.2. Southeast
Asia Percentage Breakdown
3.1.3. Primary
Interviews: Key Opinion Leaders (KOLs)
3.2. Secondary
Research
3.2.1. Paid
Databases
3.2.2. Secondary
Sources
3.3. Market
Size Estimates
3.3.1. Top-Down
Approach
3.3.2. Bottom-Up
Approach
3.4. Data
Triangulation Methodology
3.5. Research
Assumptions
4. Recommendations and Insights from AMI’s
Perspective**
5. Holistic Overview of International
Remittance Market
6. Market Synopsis: International Remittance Market
7. International Remittance Market Analysis: Qualitative Perspective
7.1. Introduction
7.1.1. Product
Definition
7.1.2. Industry
Development
7.2. Market
Dynamics
7.2.1. Drivers
7.2.2. Restraints
7.2.3. Opportunities
7.3. Trends in
International Remittance Market
7.4. Market
Determinants Radar Chart
7.5. Macro-Economic
and Micro-Economic Indicators: International Remittance Market
7.6. Porter’s
Five Force Analysis
8. Southeast Asia International Remittance Market
Analysis and Forecasts, 2020 – 2028
8.1. Overview
8.1.1. Southeast
Asia International Remittance Market
Revenue (US$ Mn)
8.2. Southeast
Asia International Remittance Market
Revenue (US$ Mn) and Forecasts, By
End-User
8.2.1. Individuals
8.2.1.1. Definition
8.2.1.2. Market
Penetration, 2018
8.2.1.3. Market
Estimation, 2015 – 2019
8.2.1.4. Market
Forecast, 2020 – 2028
8.2.1.5. Compound
Annual Growth Rate (CAGR)
8.2.1.6. Regional
Bifurcation
8.2.1.6.1. Indonesia
8.2.1.6.1.1. Market Estimation, 2015
– 2019
8.2.1.6.1.2. Market Forecast,
2020 – 2028
8.2.1.6.2. Thailand
8.2.1.6.2.1. Market Estimation, 2015
– 2019
8.2.1.6.2.2. Market Forecast,
2020 – 2028
8.2.1.6.3. Malaysia
8.2.1.6.3.1. Market Estimation, 2015
– 2019
8.2.1.6.3.2. Market Forecast,
2020 – 2028
8.2.1.6.4. Singapore
8.2.1.6.4.1. Market Estimation, 2015
– 2019
8.2.1.6.4.2. Market Forecast,
2020 – 2028
8.2.1.6.5. Rest of
Southeast Asia
8.2.1.6.5.1. Market Estimation, 2015
– 2019
8.2.1.6.5.2. Market Forecast,
2020 – 2028
8.2.2. Businesses
8.2.2.1. Definition
8.2.2.2. Market
Penetration, 2018
8.2.2.3. Market
Estimation, 2015 – 2019
8.2.2.4. Market
Forecast, 2020 – 2028
8.2.2.5. Compound
Annual Growth Rate (CAGR)
8.2.2.6. Regional
Bifurcation
8.2.2.6.1. Indonesia
8.2.2.6.1.1. Market Estimation, 2015
– 2019
8.2.2.6.1.2. Market Forecast,
2020 – 2028
8.2.2.6.2. Thailand
8.2.2.6.2.1. Market Estimation, 2015
– 2019
8.2.2.6.2.2. Market Forecast,
2020 – 2028
8.2.2.6.3. Malaysia
8.2.2.6.3.1. Market Estimation, 2015
– 2019
8.2.2.6.3.2. Market Forecast,
2020 – 2028
8.2.2.6.4. Singapore
8.2.2.6.4.1. Market Estimation, 2015
– 2019
8.2.2.6.4.2. Market Forecast,
2020 – 2028
8.2.2.6.5. Rest of
Southeast Asia
8.2.2.6.5.1. Market Estimation, 2015
– 2019
8.2.2.6.5.2. Market Forecast,
2020 – 2028
8.3. Key
Segment for Channeling Investments
8.3.1. By
End-User
9. Southeast Asia International Remittance Market Analysis and Forecasts, 2020 – 2028
9.1. Overview
9.2. Southeast
Asia International Remittance Market
Revenue (US$ Mn) and Forecasts, By
Providers
9.2.1. Banking
Institutions
9.2.1.1. Definition
9.2.1.2. Market
Penetration, 2018
9.2.1.3. Market
Estimation, 2015 – 2019
9.2.1.4. Market
Forecast, 2020 – 2028
9.2.1.5. Compound
Annual Growth Rate (CAGR)
9.2.1.6. Regional
Bifurcation
9.2.1.6.1. Indonesia
9.2.1.6.1.1. Market Estimation, 2015
– 2019
9.2.1.6.1.2. Market Forecast,
2020 – 2028
9.2.1.6.2. Thailand
9.2.1.6.2.1. Market Estimation, 2015
– 2019
9.2.1.6.2.2. Market Forecast,
2020 – 2028
9.2.1.6.3. Malaysia
9.2.1.6.3.1. Market Estimation, 2015
– 2019
9.2.1.6.3.2. Market Forecast,
2020 – 2028
9.2.1.6.4. Singapore
9.2.1.6.4.1. Market Estimation, 2015
– 2019
9.2.1.6.4.2. Market Forecast,
2020 – 2028
9.2.1.6.5. Rest of
Southeast Asia
9.2.1.6.5.1. Market Estimation, 2015
– 2019
9.2.1.6.5.2. Market Forecast,
2020 – 2028
9.2.2. Non-banking
Institutions
9.2.2.1. Definition
9.2.2.2. Market
Penetration, 2018
9.2.2.3. Market
Estimation, 2015 – 2019
9.2.2.4. Market
Forecast, 2020 – 2028
9.2.2.5. Compound
Annual Growth Rate (CAGR)
9.2.2.6. Regional
Bifurcation
9.2.2.6.1. Indonesia
9.2.2.6.1.1. Market Estimation, 2015
– 2019
9.2.2.6.1.2. Market Forecast,
2020 – 2028
9.2.2.6.2. Thailand
9.2.2.6.2.1. Market Estimation, 2015
– 2019
9.2.2.6.2.2. Market Forecast,
2020 – 2028
9.2.2.6.3. Malaysia
9.2.2.6.3.1. Market Estimation, 2015
– 2019
9.2.2.6.3.2. Market Forecast,
2020 – 2028
9.2.2.6.4. Singapore
9.2.2.6.4.1. Market Estimation, 2015
– 2019
9.2.2.6.4.2. Market Forecast,
2020 – 2028
9.2.2.6.5. Rest of
Southeast Asia
9.2.2.6.5.1. Market Estimation, 2015
– 2019
9.2.2.6.5.2. Market Forecast,
2020 – 2028
9.3. Key
Segment for Channeling Investments
9.3.1. By
Providers
10. Southeast Asia International Remittance Market Analysis and Forecasts, 2020 – 2028
10.1. Overview
10.2. Southeast
Asia International Remittance Market
Revenue (US$ Mn) and Forecasts, By Type
10.2.1. Inbound
Remittance
10.2.1.1. Definition
10.2.1.2. Market
Penetration, 2018
10.2.1.3. Market
Estimation, 2015 – 2019
10.2.1.4. Market
Forecast, 2020 – 2028
10.2.1.5. Compound
Annual Growth Rate (CAGR)
10.2.1.6. Regional
Bifurcation
10.2.1.6.1. Indonesia
10.2.1.6.1.1. Market Estimation, 2015
– 2019
10.2.1.6.1.2. Market Forecast,
2020 – 2028
10.2.1.6.2. Thailand
10.2.1.6.2.1. Market Estimation, 2015
– 2019
10.2.1.6.2.2. Market Forecast,
2020 – 2028
10.2.1.6.3. Malaysia
10.2.1.6.3.1. Market Estimation, 2015
– 2019
10.2.1.6.3.2. Market Forecast,
2020 – 2028
10.2.1.6.4. Singapore
10.2.1.6.4.1. Market Estimation, 2015
– 2019
10.2.1.6.4.2. Market Forecast,
2020 – 2028
10.2.1.6.5. Rest of
Southeast Asia
10.2.1.6.5.1. Market Estimation, 2015
– 2019
10.2.1.6.5.2. Market Forecast,
2020 – 2028
10.2.2. Outbound
Remittance
10.2.2.1. Definition
10.2.2.2. Market
Penetration, 2018
10.2.2.3. Market
Estimation, 2015 – 2019
10.2.2.4. Market
Forecast, 2020 – 2028
10.2.2.5. Compound
Annual Growth Rate (CAGR)
10.2.2.6. Regional
Bifurcation
10.2.2.6.1. Indonesia
10.2.2.6.1.1. Market Estimation, 2015
– 2019
10.2.2.6.1.2. Market Forecast,
2020 – 2028
10.2.2.6.2. Thailand
10.2.2.6.2.1. Market Estimation, 2015
– 2019
10.2.2.6.2.2. Market Forecast,
2020 – 2028
10.2.2.6.3. Malaysia
10.2.2.6.3.1. Market Estimation, 2015
– 2019
10.2.2.6.3.2. Market Forecast,
2020 – 2028
10.2.2.6.4. Singapore
10.2.2.6.4.1. Market Estimation, 2015
– 2019
10.2.2.6.4.2. Market Forecast,
2020 – 2028
10.2.2.6.5. Rest of
Southeast Asia
10.2.2.6.5.1. Market Estimation, 2015
– 2019
10.2.2.6.5.2. Market Forecast,
2020 – 2028
10.3. Key
Segment for Channeling Investments
10.3.1. By Type
11. Southeast Asia International Remittance Market Analysis and Forecasts, 2020 – 2028
11.1. Overview
11.2. Southeast
Asia International Remittance Market
Revenue (US$ Mn) and Forecasts, By Mode
11.2.1. Online
(Definition, Market Penetration (2019), Market Estimation (2015 – 2019), Market
Forecast (2020 – 2028), Compound Annual Growth Rate (CAGR), Regional
Bifurcation (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia)
and Information on Web-based, App-based)
11.2.1.1. Web-based
11.2.1.2. App-based
11.2.2. Offline
11.2.2.1. Definition
11.2.2.2. Market
Penetration, 2018
11.2.2.3. Market
Estimation, 2015 – 2019
11.2.2.4. Market
Forecast, 2020 – 2028
11.2.2.5. Compound
Annual Growth Rate (CAGR)
11.2.2.6. Regional
Bifurcation
11.2.2.6.1. Indonesia
11.2.2.6.1.1. Market Estimation, 2015
– 2019
11.2.2.6.1.2. Market Forecast,
2020 – 2028
11.2.2.6.2. Thailand
11.2.2.6.2.1. Market Estimation, 2015
– 2019
11.2.2.6.2.2. Market Forecast,
2020 – 2028
11.2.2.6.3. Malaysia
11.2.2.6.3.1. Market Estimation, 2015
– 2019
11.2.2.6.3.2. Market Forecast,
2020 – 2028
11.2.2.6.4. Singapore
11.2.2.6.4.1. Market Estimation, 2015
– 2019
11.2.2.6.4.2. Market Forecast,
2020 – 2028
11.2.2.6.5. Rest of
Southeast Asia
11.2.2.6.5.1. Market Estimation, 2015
– 2019
11.2.2.6.5.2. Market Forecast,
2020 – 2028
11.3. Key
Segment for Channeling Investments
11.3.1. By Mode
12. Southeast Asia International Remittance Market Analysis and Forecasts, 2020 – 2028
12.1. Overview
12.2. Southeast
Asia International Remittance Market
Revenue (US$ Mn) and Forecasts By Country
12.2.1. Indonesia
12.2.1.1. Indonesia
International Remittance Market Revenue
(US$ Mn) and Forecasts, By End-User
12.2.1.1.1. Individuals
12.2.1.1.2. Businesses
12.2.1.2. Indonesia
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Providers
12.2.1.2.1. Banking
Institutions
12.2.1.2.2. Non-banking
Institutions
12.2.1.3. Indonesia
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Type
12.2.1.3.1. Inbound
Remittance
12.2.1.3.2. Outbound
Remittance
12.2.1.4. Indonesia
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Mode
12.2.1.4.1. Online
12.2.1.4.1.1. Web-based
12.2.1.4.1.2. App-based
12.2.1.4.2. Offline
12.2.2. Thailand
12.2.2.1. Thailand
International Remittance Market Revenue
(US$ Mn) and Forecasts, By End-User
12.2.2.1.1. Individuals
12.2.2.1.2. Businesses
12.2.2.2. Thailand
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Providers
12.2.2.2.1. Banking
Institutions
12.2.2.2.2. Non-banking
Institutions
12.2.2.3. Thailand
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Type
12.2.2.3.1. Inbound
Remittance
12.2.2.3.2. Outbound
Remittance
12.2.2.4. Thailand
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Mode
12.2.2.4.1. Online
12.2.2.4.1.1. Web-based
12.2.2.4.1.2. App-based
12.2.2.4.2. Offline
12.2.3. Malaysia
12.2.3.1. Malaysia
International Remittance Market Revenue
(US$ Mn) and Forecasts, By End-User
12.2.3.1.1. Individuals
12.2.3.1.2. Businesses
12.2.3.2. Malaysia
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Providers
12.2.3.2.1. Banking
Institutions
12.2.3.2.2. Non-banking
Institutions
12.2.3.3. Malaysia
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Type
12.2.3.3.1. Inbound
Remittance
12.2.3.3.2. Outbound
Remittance
12.2.3.4. Malaysia
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Mode
12.2.3.4.1. Online
12.2.3.4.1.1. Web-based
12.2.3.4.1.2. App-based
12.2.3.4.2. Offline
12.2.4. Singapore
12.2.4.1. Singapore
International Remittance Market Revenue
(US$ Mn) and Forecasts, By End-User
12.2.4.1.1. Individuals
12.2.4.1.2. Businesses
12.2.4.2. Singapore
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Providers
12.2.4.2.1. Banking
Institutions
12.2.4.2.2. Non-banking
Institutions
12.2.4.3. Singapore
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Type
12.2.4.3.1. Inbound
Remittance
12.2.4.3.2. Outbound
Remittance
12.2.4.4. Singapore
International Remittance Market Revenue
(US$ Mn) and Forecasts, By Mode
12.2.4.4.1. Online
12.2.4.4.1.1. Web-based
12.2.4.4.1.2. App-based
12.2.4.4.2. Offline
12.2.5. Rest of
Southeast Asia
12.2.5.1. Rest of
Southeast Asia International Remittance
Market Revenue (US$ Mn) and Forecasts, By End-User
12.2.5.1.1. Individuals
12.2.5.1.2. Businesses
12.2.5.2. Rest of
Southeast Asia International Remittance
Market Revenue (US$ Mn) and Forecasts, By Providers
12.2.5.2.1. Banking
Institutions
12.2.5.2.2. Non-banking
Institutions
12.2.5.3. Rest of
Southeast Asia International Remittance Market
Revenue (US$ Mn) and Forecasts, By Type
12.2.5.3.1. Inbound
Remittance
12.2.5.3.2. Outbound
Remittance
12.2.5.4. Rest of
Southeast Asia International Remittance
Market Revenue (US$ Mn) and Forecasts, By Mode
12.2.5.4.1. Online
12.2.5.4.1.1. Web-based
12.2.5.4.1.2. App-based
12.2.5.4.2. Offline
12.3. Key
Segment for Channeling Investments
12.3.1. By
Countries
13. Competitive Benchmarking
13.1. Brand
Benchmarking
13.2. Market
Share Analysis, 2019
13.3. Southeast
Asia Presence and Growth Strategies
13.3.1. Mergers
and Acquisitions
13.3.2. Product
Launches
13.3.3. Investments
Trends
13.3.4. R&D
Initiatives
14. Player Profiles
14.1. Bank of
America Corporation
14.1.1. Company
Details
14.1.2. Company
Overview
14.1.3. Product
Offerings
14.1.4. Key
Developments
14.1.5. Financial
Analysis
14.1.6. SWOT
Analysis
14.1.7. Business
Strategies
14.2. BANK OF
CHINA(BOC)
14.2.1. Company
Details
14.2.2. Company
Overview
14.2.3. Product
Offerings
14.2.4. Key
Developments
14.2.5. Financial
Analysis
14.2.6. SWOT
Analysis
14.2.7. Business Strategies
14.3. Citigroup,
Inc.
14.3.1. Company
Details
14.3.2. Company
Overview
14.3.3. Product
Offerings
14.3.4. Key
Developments
14.3.5. Financial
Analysis
14.3.6. SWOT
Analysis
14.3.7. Business
Strategies
14.4. DBS
14.4.1. Company
Details
14.4.2. Company
Overview
14.4.3. Product
Offerings
14.4.4. Key
Developments
14.4.5. Financial
Analysis
14.4.6. SWOT
Analysis
14.4.7. Business
Strategies
14.5. MoneyGram
14.5.1. Company
Details
14.5.2. Company
Overview
14.5.3. Product
Offerings
14.5.4. Key
Developments
14.5.5. Financial
Analysis
14.5.6. SWOT
Analysis
14.5.7. Business
Strategies
14.6. NIUM Pte.
Ltd.
14.6.1. Company
Details
14.6.2. Company
Overview
14.6.3. Product
Offerings
14.6.4. Key
Developments
14.6.5. Financial
Analysis
14.6.6. SWOT
Analysis
14.6.7. Business
Strategies
14.7. OCBC
Bank.
14.7.1. Company
Details
14.7.2. Company
Overview
14.7.3. Product
Offerings
14.7.4. Key
Developments
14.7.5. Financial
Analysis
14.7.6. SWOT
Analysis
14.7.7. Business
Strategies
14.8. OFX
Singapore Pte. Limited
14.8.1. Company
Details
14.8.2. Company
Overview
14.8.3. Product
Offerings
14.8.4. Key Developments
14.8.5. Financial
Analysis
14.8.6. SWOT
Analysis
14.8.7. Business
Strategies
14.9. Paysafe
Holdings UK Limited (Skrill)
14.9.1. Company
Details
14.9.2. Company
Overview
14.9.3. Product
Offerings
14.9.4. Key
Developments
14.9.5. Financial
Analysis
14.9.6. SWOT
Analysis
14.9.7. Business
Strategies
14.10. PT Indo Koala Remitance
14.10.1. Company Details
14.10.2. Company
Overview
14.10.3. Product
Offerings
14.10.4. Key
Developments
14.10.5. Financial
Analysis
14.10.6. SWOT
Analysis
14.10.7. Business
Strategies
14.11. Standard
Chartered Bank
14.11.1. Company
Details
14.11.2. Company
Overview
14.11.3. Product
Offerings
14.11.4. Key
Developments
14.11.5. Financial
Analysis
14.11.6. SWOT
Analysis
14.11.7. Business
Strategies
14.12. TorFX
Singapore
14.12.1. Company
Details
14.12.2. Company
Overview
14.12.3. Product
Offerings
14.12.4. Key
Developments
14.12.5. Financial
Analysis
14.12.6. SWOT
Analysis
14.12.7. Business
Strategies
14.13. TransferWise Limited
14.13.1. Company
Details
14.13.2. Company
Overview
14.13.3. Product
Offerings
14.13.4. Key
Developments
14.13.5. Financial
Analysis
14.13.6. SWOT
Analysis
14.13.7. Business
Strategies
14.14. United
Overseas Bank Limited
14.14.1. Company
Details
14.14.2. Company
Overview
14.14.3. Product
Offerings
14.14.4. Key
Developments
14.14.5. Financial
Analysis
14.14.6. SWOT
Analysis
14.14.7. Business
Strategies
14.15. Western
Union Holdings, Inc.
14.15.1. Company
Details
14.15.2. Company
Overview
14.15.3. Product Offerings
14.15.4. Key
Developments
14.15.5. Financial
Analysis
14.15.6. SWOT
Analysis
14.15.7. Business
Strategies
14.16. WorldRemit
Ltd
14.16.1. Company
Details
14.16.2. Company
Overview
14.16.3. Product
Offerings
14.16.4. Key
Developments
14.16.5. Financial
Analysis
14.16.6. SWOT
Analysis
14.16.7. Business
Strategies
14.17. Other
Market Participants
15. Key Findings
Note: This ToC is tentative
and can be changed according to the research study conducted during the course
of report completion.
**Exclusive for Multi-User and
Enterprise User.
At Absolute Markets Insights, we are engaged in building both global as well as country specific reports. As a result, the approach taken for deriving the estimation and forecast for a specific country is a bit unique and different in comparison to the global research studies. In this case, we not only study the concerned market factors & trends prevailing in a particular country (from secondary research) but we also tend to calculate the actual market size & forecast from the revenue generated from the market participants involved in manufacturing or distributing the any concerned product. These companies can also be service providers. For analyzing any country specifically, we do consider the growth factors prevailing under the states/cities/county for the same. For instance, if we are analyzing an industry specific to United States, we primarily need to study about the states present under the same(where the product/service has the highest growth). Similar analysis will be followed by other countries. Our scope of the report changes with different markets.
Our research study is mainly implement through a mix of both secondary and primary research. Various sources such as industry magazines, trade journals, and government websites and trade associations are reviewed for gathering precise data. Primary interviews are conducted to validate the market size derived from secondary research. Industry experts, major manufacturers and distributors are contacted for further validation purpose on the current market penetration and growth trends.
Prominent participants in our primary research process include:
- Key Opinion Leaders namely the CEOs, CSOs, VPs, purchasing managers, amongst others
- Research and development participants, distributors/suppliers and subject matter experts
Secondary Research includes data extracted from paid data sources:
- Reuters
- Factiva
- Bloomberg
- One Source
- Hoovers
Research Methodology
Key Inclusions
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