Global Remittances Forecast 2022

Mobile Payment Users and Volume Growth in Key Regions

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About This Report
Legacy players in the $774 billion remittance payments market risk being relegated by digital challengers—unless they improve their solutions.
Table of Contents

Executive Summary

Digital transformation is underway for the global remittance market, which we estimate will be worth over $774 billion in 2022. Players are facing increased competition from digital challengers—and those that fail to adapt risk seeing their market share being undermined.

3 KEY QUESTIONS THIS REPORT WILL ANSWER

  1. What are the remittance growth rates for key global markets, and which factors are driving them?
  2. Which market dynamics are shifting the competitive landscape, and how are they impacting providers’ revenues and performance?
  3. How can providers leverage these trends to their advantage?

WHAT’S IN THIS REPORT? An overview of the global remittance space and how it is evolving. We look at market dynamics, emerging technologies, the changing competitive landscape, and how all these factors affect revenues for money transfer players. We also examine the large remittance markets in the US, India, and Mexico.

KEY STAT: We expect global remittance inflows to grow by 5.9% year over year (YoY) in 2022 and 4.7% in 2023, reaching $810.79 billion.

Here’s what’s in the full report

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3expert perspectives

Insights from industry and company leaders.

    Table of Contents

    1. Executive Summary
    2. Key Points
    3. Introduction
    4. Overview of the Global Remittance Market
    1. What’s Shaping the Competitive Landscape?
    2. Country Forecast: The US
    3. Country Forecast: Mexico
    4. Country Forecast: India
    1. Insider Intelligence Interviews
    2. Read Next
    3. Sources
    4. Media Gallery

    Interviewed for This Report

    Paul Byrne
    Zai
    CEO and President
    Interviewed January 21, 2022
    Justin Hintz
    Revolut
    Product Owner, Remittances
    Interviewed January 18, 2022
    Nishu Thukral
    Pangea
    CEO and President
    Interviewed January 25, 2022

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    authors

    Grace Broadbent

    Contributors

    Reuben Loewy
    Director, Report Editing
    David Morris
    Principal Analyst