#Asia-Pacific Digital Remittance Market

[paynxt360fintech]

Google and Amazon stand to gain from Meta’s social commerce exit

Ever since the pandemic outbreak, the e-commerce industry landscape has undergone a major revamp, with social commerce emerging as the next growth driver for the global market. Players such as Meta, Google, and Amazon all made a major push in the segment to tap into the high-growth potential of the social commerce industry. According to PayNXT360 estimates, the global social commerce market is expected to grow at a compound annual growth rate of 12.7% from 2022 to 2028. The global social commerce GMV will increase from US$661 billion in 2023 to reach US$1.3 trillion by 2028.

[sudeepkedar]

Open Banking Market is Predicted to Grow At More Than 22% CAGR till 2032

Open Banking Market size is estimated to be valued at USD 130.2 Bn till 2032. The rising integration with digital currency platforms to enable seamless transactions between fiat currencies and cryptocurrencies will influence the industry growth. The implementation of robust security measures, such as encryption, multi-factor authentication, and real-time monitoring, has grown critical for protecting sensitive financial data in open banking. Of late, leading financial institutions and fintech firms are exploring subscription-based models for open banking services to offer premium features and value-added services through tiered pricing plans.

Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/6210

Open banking market share from the digital currencies financial services segment is expected to exponentially expand between 2024 and 2032. By directly linking digital wallets to their banking systems, open banking streamlines the acceptance of digital currency payments by merchants. This integration lowers the hurdles for businesses eager to embrace cryptocurrencies. Furthermore, it enables connections with global financial institutions, simplifying cross-border transactions and allowing users to effortlessly send and receive payments in various currencies worldwide.

The on-premise deployment model segment is expected to account for considerable share of the open banking industry by 2032. Financial institutions using on-premise open banking solutions can fully control sensitive customer data. As concerns about data breaches and cyberattacks grow, numerous banks are opting to manage data in-house instead of depending on third-party cloud services. On-premise deployments further allow banks to customize their open banking infrastructure as per their specific needs. This flexibility is particularly important for large financial institutions with complex IT environments that require bespoke solutions.

Request for customization this report @  https://www.gminsights.com/roc/6210

Asia Pacific open banking industry size is anticipated to reach a significant share by 2032. This is propelled by the surge in cross-border open banking services, particularly in areas, such as remittances and international payments. Countries like India, Indonesia, and Vietnam are witnessing a swift expansion of open banking. With a vast unbanked populace and a strong mobile presence, these nations present lucrative prospects for open banking solutions. The proliferation of digital payments in China and India will also influence regional market growth.

Partial chapters of report table of contents (TOC):

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Research design

1.2.1    Research approach

1.2.2    Data collection methods

1.3    Base estimates & calculations

1.3.1    Base year calculation

1.3.2    Key trends for market estimation

1.4    Forecast model

1.5    Primary research and validation

1.5.1    Primary sources

1.5.2    Data mining sources

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis, 2021 - 2032

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Supplier landscape

3.2.1    API platforms and gateway providers

3.2.2    Security solutions providers

3.2.3    RegTech providers

3.2.4    End user

3.3    Profit margin analysis

3.4    Technology & innovation landscape

3.5    Patent analysis

3.6    Key news & initiatives

3.7    Regulatory landscape

3.8    Impact forces

3.8.1    Growth drivers

3.8.1.1    Increase in adoption of digital banking for convenience and accessibility

3.8.1.2    Technological advancements in big data analytics, artificial intelligence (AI), and APIs

3.8.1.3    Government initiatives and regulatory support to enhance financial transparency

3.8.1.4    Consumer demand for personalized services

3.8.2    Industry pitfalls & challenges

3.8.2.1    Security and privacy concerns

3.8.2.2    Lack of consumer trust and adoption

3.9    Growth potential analysis

3.10    Porter’s analysis

3.11    PESTEL analysis

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: sales@gminsights.com 

[coinatory]

Ripple Targets Asia-Pacific with New Blockchain Fund

Ripple is advancing its footprint in the Asia-Pacific region with the launch of the XRPL Japan and Korea Fund, targeting blockchain innovation through the XRP Ledger. Announced on Tuesday, the fund is designed to bolster blockchain initiatives across Japan and Korea, key markets within the Asia-Pacific. This move follows Ripple's collaboration with Georgia's national bank to digitize the nation's economy and the completion of its acquisition of Standard Custody. XRPL Japan and Korea Fund: A Catalyst for Blockchain Growth Ripple’s XRP Ledger, a decentralized public blockchain, underpins the XRP cryptocurrency and drives the company's cross-border payments and remittance services. The new fund is poised to enhance the adoption of XRP and the XRP Ledger by focusing on corporate partnerships, grants for developers, investments in s

source

[marketinsight1234]

Mobile Remittance Service Market: Forthcoming Trends and Share Analysis by 2030

Global Mobile Remittance Service Market size is expected to grow from USD 22211.01 Million in 2023 to USD 85191.62 Million by 2032, at a CAGR of 16.11% during the forecast period (2024–2032)

You can use a mobile phone to send and receive money electronically with a mobile remittance service. It's an easy and accessible alternative to going in person to a bank or money transfer agency to transfer money. Bill payments and peer-to-peer transactions are made easier with the usage of mobile remittance services, which are available both domestically and internationally. They provide consumers with freedom in managing their finances by meeting the increasing demand for cross-border remittances and facilitating transactions between conventional bank accounts and mobile wallets. The market for conventional bank accounts is also present.

Financial inclusion, cost effectiveness, speed, and convenience are all provided by mobile remittance services. They enable customers to start transactions whenever and wherever they choose by doing away with the necessity for actual trips to banks or remittance centers. They are perfect for urgent financial situations because they offer transfers that happen almost instantly. Financial inclusion for individuals without simple access to traditional banking is further enhanced by the fact that digital transactions frequently have lower fees than traditional methods.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @

https://introspectivemarketresearch.com/request/4013

Updated Version 2024 is available our Sample Report May Includes the:

Scope For 2024

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Leading players involved in the Mobile Remittance Service Market include:

Mobetize Corp. (U.S.)

MoneyGram (U.S.)

Remitly (U.S.)

Regalii (U.S.)

Flywire (U.S.)

PayPal. (U.S.)

Ria Financial Services (U.S)

Western Union Holdings, Inc. (U.S)

Currency Cloud (UK)

Azimo (UK)

WorldRemit (UK)

TransferWise (UK) 

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. 

If You Have Any Query Mobile Remittance Service Market Report, Visit:

https://introspectivemarketresearch.com/inquiry/4013

Segmentation of Mobile Remittance Service Market:

By Type

Banks

Money Transfer Operators

By Application

Migrant Labor Workforce

Low-income Households

Small Businesses

An in-depth study of the Mobile Remittance Service industry for the years 2024–2032 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis.

Market Segment by Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Key Benefits of Mobile Remittance Service Market Research: 

Research Report covers the Industry drivers, restraints, opportunities and challenges

Competitive landscape & strategies of leading key players

Potential & niche segments and regional analysis exhibiting promising growth covered in the study

Recent industry trends and market developments

Research provides historical, current, and projected market size & share, in terms of value

Market intelligence to enable effective decision making

Growth opportunities and trend analysis

Covid-19 Impact analysis and analysis to Mobile Remittance Service market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Acquire This Reports: -

https://introspectivemarketresearch.com/checkout/?user=1&_sid=4013

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

Contact us:

Introspective Market Research

3001 S King Drive,

Chicago, Illinois

60616 USA

Ph no: +1 773 382 1049

Email: sales@introspectivemarketresearch.com

[market-insider]

Blockchain in Retail Banking Market Strategies Unveiled: Future-Proof Finance

The global blockchain in retail banking market size is expected to reach USD 140.26 billion by 2030, advancing at a CAGR of 83.9% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The rise in the fintech industry, the IT industry revolution, the rise in competition, and evolving customer expectations are some of the reasons that are driving the market growth. Retail banks are focusing on adopting digital transformation and advanced technologies to streamline their business process and customer offerings, which bodes well for the adoption of blockchain in retail banking.

Blockchain in Retail Banking Market Report Highlights

The hybrid segment is expected to witness significant growth over the forecast period. Hybrid blockchain combines the benefits provided by both public and private blockchains. It allows retail banks to establish a private-permission-based system, with data stored on the blockchain being administered and public, contributing to the segment's growth

The application & solution segment is expected to witness significant growth over the forecast period. Blockchain provides applications & solutions, which include remittance, KYC, and fraud detection, enhancing retail banks' business processes. The extensive end use of these applications & solutions is flourishing the segment’s growth

The large enterprise segment dominated the market in 2021 and is expected to witness significant growth over the forecast period. Large enterprises deal with enormous amounts of data that must be processed, verified, and streamlined for better employee and consumer experience. Blockchain provides all these benefits, which are driving the segment's growth

The remittances segment is expected to register significant growth over the forecast period. Some of the challenges faced by traditional remittance services include higher processing time and higher service costs. Blockchain eliminates these roadblocks and provides real-time remittance at a lower price, which is expected to drive the segment's growth

Asia Pacific is expected to register rapid growth during the forecast period. The region is a hotspot for technologically inclined youth, who are more adaptable to technologies. Additionally, the favorable government initiatives to promote blockchain and many retail banks adopting advanced technologies to offer enhanced customer experience are driving the region's growth

For More Details or Sample Copy please visit link @: Blockchain in Retail Banking Market Report

Blockchain technology uses distributed, decentralized ledger that records transactions across many networks, which cannot be altered once registered. This provides banks with the necessary infrastructure to maintain their data confidentiality, real-time information, and payment transactions. Additionally, no single entity controls the ledger and every time a transaction is added, everyone on the network gets a copy of it. This provides the utmost transparency to retail banks, contributing to the market's growth.

Blockchain technology also facilitates real-time payments, enabling users to make payments 24/7. Adopting this technology helps banks save on costs and meet the latest security standards while providing a sophisticated customer experience. Leading banks across the globe are adopting blockchain for operational efficiency, which is anticipated to boost the demand for these platforms, further propelling the industry’s growth.

The COVID-19 outbreak played a crucial role in the development of blockchain in the retail banking market. Significant banks and non-banking financial corporations in the retail segment have shifted from traditional technologies to digital infrastructure. Thus, market leaders' introduction of advanced blockchain financial software in retail banking and increasing digital infrastructure fueled during the pandemic are some critical factors contributing to the market's growth.

[prasannareddy]

Remittance Market Technology, Key Manufacturers Report 2022-2030: Special Focus on USA, Europe, Japan Market

The research on the growth of the "Remittance Market" from 2023 to 2030 offers valuable insights into present trends, hurdles, market risks, and limitations faced by key vendors. This comprehensive report encompasses geographical segmentation, current demand trends, in-depth growth rate analysis, industry revenue, and a detailed examination of the Compound Annual Growth Rate (CAGR). Additionally, this report on the Remittance market delivers both qualitative and quantitative analyses, including company profiles, investment prospects, strategic development strategies, industry size, and global market share assessments.

Allied Market Research published a report, titled, "Remittance Market By Application (Consumption, Savings, and Investment), Remittance Channel (Banks, Money Transfer Operator, and Others), and End User (Business and Personal): Global Opportunity Analysis and Industry Forecast, 2021-2030". According to the report, the global remittance industry was estimated at $701.93 billion in 2020, and is anticipated to hit $1.23 trillion by 2030, registering a CAGR of 5.7% from 2021 to 2030.

Request Sample Report@ https://www.alliedmarketresearch.com/request-sample/3948

Drivers, Restraints, and Opportunities

Surge in cross-border transactions & mobile-based payment channels, lowered cost & transfer time, and increase in adoption of banking & financial services fuel the growth of the global remittance market. On the other hand, lack of awareness regarding digital remittance and slowdown in the Asia-Pacific region impede the growth to some extent. However, technological innovations and increase in penetration of smartphones & the internet create new opportunities in the industry.

COVID-19 Scenario:

The outbreak of Covid-19 paralyzed the economy of the majority of countries, especially during the initial phase, thereby impacting the global remittance market negatively. A fall in remittance flows also imposed economic, fiscal, and social burdens across the world. However, the market is projected to recoup soon. The Consumption Segment to Dominate By 2030

Based on application, the consumption segment accounted for nearly three-fifths of the global remittance market share in 2020, and is anticipated to rule the roost by 2030. A huge sum of money is remitted every month by the workers to their home country for food, clothing, and other expenditures. This factor drives the growth of the segment. The investment segment, however, would cite the fastest CAGR of 8.1% throughout the forecast period. This is due to the fact that it helps developed countries regenerate new revenue stream by investing the remitted money in different investment schemes, which boosts the GDP of the country.

Get Detailed Analysis of COVID-19 Impact on Remittance Market @ https://www.alliedmarketresearch.com/request-for-customization/3948?reqfor=covid

The Banks Segment to Maintain the Dominant Share

Based on remittance channel, the banks segment held nearly half of the global remittance market revenue in 2020, and is expected to lead the trail by 2030. The fact that banks are joining forces to develop cross-border real-time services propels the segment growth. The money transfer operator segment, on the other hand, would manifest the fastest CAGR of 8.1% from 2020 to 2030. This is because an array of digital-only players such as WorldRemit, Xoom, Transfer Wise, and InstaReM enable direct global money transfers sent from and received through mobile wallets held on personal devices.

Asia-Pacific, Followed By LAMEA, Europe, and North America, Garnered the Major Share in 2020

Based on region, Asia-Pacific, followed by LAMEA, Europe, and North America, held the major share in 2020, generating nearly half of the global remittance market. The same region would also grow at the fastest CAGR of 6.4% by 2030. This is attributed to rapidly advancing technologies, evolving customer expectations, and changing regulatory setting in the region.

Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/3948

Key Players in the Industry

Citigroup Inc. XOOM JPMorgan Chase & Co. RIA Financial Services Ltd. TransferWise Ltd. MoneyGram International Inc. Bank of America UAE Exchange Wells Fargo Western Union Holdings Inc.

Top Impacting Factors Rise in Cross-Border Transactions and Mobile-Based Payment Channels Reduced Remittance Cost and Transfer Time

Buy This Report@ https://www.alliedmarketresearch.com/checkout-final/bf94a9250844ad1ef33e697b750440b8

Remittance Market Report Highlights

By Application

Consumption Savings Investment

By Remittance Channel

Banks Money Transfer Operator Others

By End User

Business Personal

By Region

North America (U.S., Canada) Europe (France, Germany, UK, Italy, Spain, Rest of Europe) Asia-Pacific (China, Japan, India, Philippines, Pakistan, Rest of Asia-Pacific) LAMEA (Latin America, Middle East, Africa)

Similar Reports:

Proximity Payment Market https://www.alliedmarketresearch.com/proximity-payment-market-A10042

NFC Payment Devices Market https://www.alliedmarketresearch.com/nfc-payment-devices-market-A11317

Blockchain Distributed Ledger Market https://www.alliedmarketresearch.com/blockchain-distributed-ledger-market

Boiler Insurance Market https://www.alliedmarketresearch.com/boiler-insurance-market-A07432

Auto Insurance Market https://www.alliedmarketresearch.com/auto-insurance-market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

[web3broadcast]

Cryptocurrency Regulations Around the World - A Comprehensive Analysis

Cryptocurrency regulations have become a focal point for policymakers and financial authorities worldwide, as the global adoption of digital currencies continues to influence financial markets, consumer behaviors, and the future of monetary systems. In this comprehensive analysis, we delve into the multifaceted world of cryptocurrency regulations, providing insights into the diverse regulatory approaches and frameworks adopted by different countries, and the evolving regulatory landscape that shapes the trajectory of the global cryptocurrency industry. North America: Fostering Regulatory Clarity and Institutional Adoption in the United States and Canada North American countries, such as the United States and Canada, have made significant strides in fostering regulatory clarity and institutional adoption within their cryptocurrency ecosystems. By implementing comprehensive AML (Anti-Money Laundering) and KYC (Know Your Customer) compliance standards, promoting dialogue between regulatory authorities and industry stakeholders, and fostering a conducive environment for blockchain-based innovations, North American countries are positioning themselves as key players in the global cryptocurrency landscape, advocating for responsible and inclusive regulatory frameworks that prioritize consumer protection and market integrity. Europe: Navigating Cross-Border Compliance and Digital Asset Regulations in the European Union European countries and the European Union have been navigating cross-border compliance and digital asset regulations to foster a unified and harmonized approach to cryptocurrency regulations across member states. By emphasizing the need for standardized regulatory frameworks, consumer data protection, and transparent market supervision, European regulators are striving to create a balanced regulatory environment that promotes innovation, safeguards user data privacy, and fosters the development of sustainable and resilient digital economies within the European market. Asia-Pacific: Balancing Innovation and Risk Management in Cryptocurrency Regulations across Asia Asia-Pacific countries, including Japan, Singapore, and South Korea, have been actively balancing innovation and risk management in their approaches to cryptocurrency regulations, recognizing the transformative potential of digital currencies while addressing concerns related to market volatility, investor protection, and consumer education. By fostering collaborative partnerships between regulatory authorities and industry players, Asia-Pacific countries are cultivating a conducive regulatory environment that promotes responsible and transparent cryptocurrency adoption, encourages technological innovation, and positions the region as a hub for digital finance and blockchain-based solutions in the global market. Middle East and Africa: Addressing Financial Inclusion and Technological Adoption in Cryptocurrency Regulations Countries in the Middle East and Africa are addressing financial inclusion and technological adoption in their approaches to cryptocurrency regulations, recognizing the role of digital currencies in fostering financial inclusion, cross-border remittances, and economic development within underserved communities. By exploring the potential of blockchain technology in enhancing transparency, reducing transactional costs, and promoting cross-border trade, Middle Eastern and African countries are embracing cryptocurrency regulations that prioritize the integration of digital financial services, support economic diversification, and foster sustainable and inclusive growth within their respective regions. The Future of Cryptocurrency Regulations: International Collaboration and Regulatory Convergence in the Digital Economy Looking ahead, the future of cryptocurrency regulations holds promising opportunities for international collaboration and regulatory convergence, as countries strive to foster a balanced and inclusive regulatory environment that promotes innovation, safeguards consumer rights, and encourages responsible and transparent practices within the global cryptocurrency industry. By fostering cross-border collaborations, advocating for regulatory standardization, and prioritizing consumer protection and market integrity, the global community can shape a future where cryptocurrency regulations serve as enablers of financial innovation, digital inclusion, and sustainable economic growth on a global scale. Read the full article

[markettrendsus]

The Growing Money Transfer Services Market

The Global Money Transfer Services Market is expected to reach a value of USD 24.2 billion in 2023, and it is further anticipated to reach a market value of USD 93.2 billion by 2032 at a CAGR of 16.2%. The market has seen significant growth over the past few years and is predicted to grow significantly during the forecasted period as well.

Key Drivers of the Money Transfer Services Market

Some of the major factors driving growth in the money transfer services market include:

Increasing Migration and Globalization

Migration rates have increased globally with more people moving abroad for work, education or other reasons. This has significantly driven the need for international money transfers.

Globalization has also led to increased outsourcing of jobs overseas resulting in cross-border salary payments.

Need for Secure Platforms

Consumers are looking for safer and more convenient ways to transfer money domestically and internationally. This has driven demand for digital money transfer platforms.

High Remittance Flows

Remittances or funds sent home by migrants have seen sharp growth over the years especially in emerging economies. This has bolstered the money transfer services market.

Favorable Government Policies

Supportive government policies towards digital payments and fund transfers have provided an impetus to players in this market.

Increasing Banking Penetration

Rising banking penetration globally has also favored the money transfer services market as more customers opt for bank-led transfers.

Technological Advancements

Emergence of artificial intelligence, blockchain, digital identities and other technologies have enabled faster, cheaper and more efficient money transfers.

Request For Sample: https://www.dimensionmarketresearch.com/report/money-transfer-services-market/requestSample.aspx

Key Segments of the Money Transfer Services Market

The money transfer services market can be segmented on the basis of type, mode of transfer, end user and region.

By Type

Domestic Money Transfer

International Money Transfer

Domestic transfers form the bulk of the market currently. However, international transfers are growing at a faster pace.

By Mode of Transfer

Digital Transfers

Online platforms

Mobile wallets

Others

Non-digital Transfers

Banks

Non-bank RSPs

Others

Digital modes of transfer like online platforms and mobile wallets are gaining prominence globally due to their speed and convenience. However, traditional non-digital transfers through banks and other players still account for a considerable share.

By End User

Consumer

Enterprise

Government

While consumers account for a significant portion of money transfers, enterprise and government transfers are also growing. Enterprise transfers include services like payroll and bulk payments. Government transfers involve services like tax refunds, benefits, etc.

By Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

North America and Europe are mature money transfer markets dominated by digital transfers. However, emerging regions like Asia Pacific and Middle East & Africa are likely to exhibit rapid growth fueled by rising remittances, internet penetration and smartphone usage.

Request For Sample: https://www.dimensionmarketresearch.com/report/money-transfer-services-market/requestSample.aspx

Key Players in the Money Transfer Services Market

Some of the major companies operating in this market include:

Western Union

MoneyGram

Ria Financial Services

TransferWise

WorldRemit

Remitly

Azimo

TransferGo

InstaReM

TNG Fintech

While Western Union and MoneyGram have traditionally dominated the market, new digital platforms like TransferWise, WorldRemit and Remitly are rapidly gaining share. Most players are focused on enhancing digital capabilities, expanding in emerging markets and offering differentiated services to tap growth opportunities.

Trends Shaping the Money Transfer Services Market

Some of the key trends influencing and transforming the money transfer services market are:

Proliferation of Fintech Players

The entry of several fintech companies with innovative business models and technologies has intensified competition and expanded the reach of money transfer services. These agile companies are scaling rapidly.

Blockchain-enabled Transfers

Blockchain is finding increasing application in cross-border transfers through cryptos as well as fiat currency transfers by reducing costs and settlement times.

Integration of Biometrics

Use of biometric authentication including fingerprints and facial recognition in money transfers is rising which provides enhanced security and convenience to customers.

Partnerships and M&A Activity

Collaboration between traditional and fintech players is rising through partnerships and acquisitions. These deals provide innovation capabilities and scale advantages.

Expanding Remittance Corridors

Players are expanding into high-potential remittance corridors in emerging markets to capitalize on rising migrant populations and increasing financial inclusion.

Focus on Customer Experience

Providing omni-channel access, faster transfers, transparency and personalized services is a key focus area to improve customer experience.

Request For Sample: https://www.dimensionmarketresearch.com/report/money-transfer-services-market/requestSample.aspx

Impact of COVID-19 on the Money Transfer Services Market

The COVID-19 pandemic affected the money transfer services market in several ways:

Decline in overall transaction volumes due to job losses and economic slowdown

Shift in flows from certain remittance-dependent countries

Acceleration in adoption of digital transfers and contactless solutions

Increased importance of faster, cheaper and more accessible remittance services

Players adapted by enhancing digital capabilities, targeting digitally savvy customers, entering new corridors and forging partnerships

Market recovery is underway but economic uncertainty may impact certain regions/segments

Future Outlook for the Money Transfer Services Market

The money transfer services market is projected to exhibit robust growth over the forecast period owing to:

Continued migration and globalization requiring cross-border transfers

Lowering costs and increased speed of international transfers

Adoption of new technologies like AI, predictive analytics and blockchain

Rising flows to emerging markets with expanding financial inclusion

Growing small business payments and e-commerce driving digital transfers

Increased outsourcing and freelancing requiring frequent cross-border payments

Regulatory support for innovation increasing fintech participation

Players expanding through new markets, partnerships and M&A activity

Request For Sample: https://www.dimensionmarketresearch.com/report/money-transfer-services-market/requestSample.aspx

Frequently Asked Questions (FAQs) on the Money Transfer Services Market

Q1. What is the global money transfer services market size?

The global money transfer services market is estimated to be valued at around $xxx billion in 2022. It is projected to reach $xxx billion by 2027 growing at a CAGR of xx%.

Q2. Who are the key players in this market?

Some of the major companies operating in the money transfer services market are Western Union, MoneyGram, Ria Financial Services, TransferWise, WorldRemit, Remitly, Azimo and others. The market has a mix of traditional players and new fintech entrants.

Q3. What are the main drivers of this market?

The key drivers are increasing global migration and workforce mobility requiring cross-border transfers, need for secure digital transfer platforms, rise in remittance volumes, supportive government regulations and increasing banking penetration.

Q4. Which region dominates the money transfer services market?

North America and Europe are mature and developed markets that command the highest share. However, high growth is expected in Asia Pacific, Middle East & Africa and Latin America driven by rising migrant populations, increasing financial inclusion and smartphone penetration.

Q5. What are the key technologies disrupting this market?

Some of the main technologies changing the money transfer services market are blockchain, artificial intelligence/machine learning, digital identities and biometrics like facial recognition. These are enabling faster, cheaper and more convenient transfers.

Q6. What is the impact of COVID-19 on the market?

COVID-19 resulted in an initial decline in transaction volumes due to job losses and lockdowns. However, it accelerated the adoption of digital transfers and contactless platforms. The market is recovering as flows improve but economic uncertainty persists.

Q7. What is the future outlook for the money transfer services market?

The market is projected to grow at a CAGR of xx% from 2022 to 2027. Key factors driving future growth are increasing migration, adoption of new technologies, growing e-commerce and freelancing requiring frequent payments and expansion by players into emerging markets.

Request For Sample: https://www.dimensionmarketresearch.com/report/money-transfer-services-market/requestSample.aspx

Conclusion

The money transfer services market is undergoing rapid evolution with the growing adoption of digital platforms and the entry of fintech innovators. While cross-border migration and remittance flows continue to expand, customers are also demanding faster, cheaper and more convenient transfer options. The use of emerging technologies is increasing while regulatory support is promoting more competition. Players are responding by enhancing digital capabilities, forging partnerships and targeting underpenetrated markets. The future looks promising for this market as the underlying growth drivers remain strong. With continuous innovation in services, the money transfer experience for customers is expected to improve further in the coming years.

[rohitpalan]

P2P Lending Market Trends: What Lies Ahead

Low operational expenses and reduced market risk for lenders and borrowers are to blame for the market’s expansion. During the projected period, increased digitization in the banking industry is anticipated to present the market with sizable business prospects. By the end of 2032, the worldwide peer-to-peer lending market is predicted to have grown from US$ 407.2 billion in 2022 to US$ 1.3 trillion. From 2022 to 2032, the market is anticipated to grow at a CAGR of 12.7%.

P2P lending is also being effectively utilised by a variety of end users, including the real estate industry, as its popularity has grown. Additionally, it is anticipated that increased player initiatives to work together will eventually help the market.

For instance, in May 2022, Fable Fintech, an eminent banking infrastructure enterprise, announced its strategic partnership with XeOPAR. XeOPAR is ready to make the most of the Fable Growth Suite (Retail) by establishing its first P2P remittances corridor from the United Kingdom to India, among others in SE Asia, East Africa, West Africa, the USA, Singapore, and the Middle East.

Request a Sample of this Report @  https://www.futuremarketinsights.com/reports/sample/rep-gb-14675

Owing to such initiatives, the market is anticipated to expand significantly in the forecast period. On the contrary, risks associated with peer-to-peer lending are expected to limit the market growth in the forecast period. Also, with less awareness about P2P lending, the market is expected to suffer.

However, with rising development in APAC along with the increasing number of small business entities, the market will counter the inhibiting factors, thus, supporting the industry expansion.

Key Takeaways from the Market Study:

Market in the U.S to value US$ 568.2 Billion by 2032

Chinese market to expand at a CAGR of 11.3% from 2022- to 2032

By end-user, the small business segment is expected to exhibit a CAGR of 10.3% during the assessment period

The marketplace lending model segment to exhibit a CAGR of 12.9% in the assessment period

Market in France to garner US% 39.7 Billion by 2032

S to exhibit a CAGR of 14% from 2022 to 2032

Competitive Landscape

With the help of alternative distribution channels such as online sales, Players in the global peer-to-peer lending market are focusing to enhance their market presence across the globe. Major players in the market include Prosper Marketplace, Inc., LendingClub Corporation, CommonBond Inc., Funding Circle Limited, and Upstart Network Inc. among others.

In August 2021, CRED, an eminent player in the peer-to-peer lending market rolled out a new peer-to-peer lending platform called CRED Mint. It can be used as a cred-card repayment platform, and it allows members to earn interest on money by lending to other high-earning consumers.

In January 2021, LendingClub, an eminent peer-to-peer lending market player, announced the acquisition of Radius Bancorp, Inc, and its digital bank subsidiary to expand the revenue of the company.

Ask An Analyst @  https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-14675

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global peer-to-peer lending market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Profiled in the Peer-to-Peer Lending Market Analysis

Peer-to-Peer Lending by End User:

Peer-to-Peer Lending for Consumer Credit

Peer-to-Peer Lending for Small Business

Peer-to-Peer Lending for Student Loans

Peer-to-Peer Lending for Real Estate

Peer-to-Peer Lending by Business Model:

Traditional Peer-to-Peer Lending Model

Marketplace Peer-to-Peer Lending Model

Peer-to-Peer Lending by Region:

North America Peer-to-Peer Lending Market

Europe Peer-to-Peer Lending Market

Asia Pacific Peer-to-Peer Lending Market

Middle East & Africa Peer-to-Peer Lending Market

Latin America Peer-to-Peer Lending Market

Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-14675

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware – 19713, USA T: +1-845-579-5705 For Sales Enquiries: sales@futuremarketinsights.com Browse Other Reports: https://www.futuremarketinsights.com/reports LinkedIn| Twitter| Blogs

[kenresearchreport]

Why UAE’s Debt Collection Industry is poised for growth despite the many challenges it faces in a competitive market? : Ken Research

Buy Now

In this enlightening whitepaper, we delve into the intricacies of the UAE's debt collection industry, which has witnessed a formidable surge in growth over the last five years. Amidst this backdrop of remarkable expansion, the industry now confronts a shifting terrain marked by emerging challenges and evolving bottlenecks. But with newer challenges and evolving bottlenecks, will the industry’s robustness decline? Check out the entire whitepaper to find out more.

1. The Debt Collection Industry in UAE experienced a high volume of cases due to ease of credit availability & the industry saw a ~11% Compound Annual Growth Rate (CAGR) between 2017-22

Request a Call with Expert to know more about the business model

2. The increasing use of technology for better recovery predictions, enhancement of people skills of collectors and improvement in KSA legal system act as catalysts for the industry…

2.1…While, talent shortage, increasing labor costs and high default rates are major concerns for the incumbent players in the market

2.2 Moreover, High capital requirements and switching costs for customers create barriers for new entrants within the industry

3. But, the Debt collection platforms integrated armed with latest tech is starting to transform the entire debt recovery process for clients

4. The pandemic-induced financial trends, a greater emphasis on NLP techniques, and maintaining proper documentation will act as key growth drivers that will enable a double-digit CAGR over the next 5 years

Some of the Intelligence Curated by Ken Research in Debt Collection Market Space:

MENA Remittance Market Outlook to 2027 segmented by mode of transfer (digital, traditional), type of channel (Banks, online platforms, money transfer operators), type of end use (migrant labour workforce, personal, small business & others) Geography (Latin America, Africa, Asia Pacific, Europe, Middle East)

Australia Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)

Brazil Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)

Global Remittance Market Outlook to 2027 segmented by mode of transfer (digital, traditional), type of channel (Banks, online platforms, money transfer operators), type of end use (migrant labour workforce, personal, small business & others) Geography (Latin America, Africa, Asia Pacific, Europe, Middle East)

India Payment Service Market Outlook to 2027F driven by government initiatives & rising need for faster payment modes

To Know more about this Whitepaper, Visit this link:-

UAE Debt Collection Market

[paynxt360fintech]

The global gift card market continues to grow at an accelerated pace on the back of digital gift card offerings in 2023

Digitalization, tech-savvy population, and increasing trend of strategic alliances is driving the growth of the global gift card market in 2023. The growth rate is significantly higher in markets like the United States. According to a report from PayNXT360, the United States gift card market is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2027. Based on the estimates, the industry will increase from US$185.4 billion in 2022 to reach US$247.9 billion by 2027.

[reportprime01]

Global Digital Cross-Border Remittance Market Size was USD 6.20 Billion in 2022, this report covers Market growth, trend, opportunity and forecast 2023-2030

The Digital Cross-Border Remittance Market is expected to grow from USD 6.20 Billion in 2022 to USD 18.80 Billion by 2030, at a CAGR of 17.10% during the forecast period.

The Digital Cross-Border Remittance market is expected to experience substantial growth in the coming years due to the increasing penetration of smartphones and rising adoption of digital payment systems. This market research report provides a comprehensive analysis of the current market conditions, including drivers, trends, and challenges. The report covers a detailed segmentation of the market by end-user, transaction type, and region. The market size is projected to reach $29.84 billion by 2026, growing at a CAGR of 24.2% during the forecast period. The key players operating in the market include Western Union, MoneyGram International, Paypal, Remitly, and WorldRemit.

The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.

Digital cross-border remittance refers to the process of transferring money across borders through digital platforms, such as digital remittance service providers or bank digital remittance. The market segment includes personal remittance and corporate remittance, with major players such as WU, Ria, PayPal/Xoom, Wise, Zepz (WorldRemit, Sendwave), MoneyGram, Remitly, Azimo, TransferGo, NIUM, Inc (Instarem), TNG FinTech, Coins.ph, OrbitRemit, Smiles/Digital Wallet Corporation, FlyRemit, SingX, Flywire, Intermex, and Small World. The market is divided by region, including North America, Asia Pacific, Middle East, Africa, Australia, and Europe. Regulatory and legal factors specific to this market's conditions are significant, and the report analyzes them in detail. These factors include regulatory compliance, country-specific regulations, cross-border regulatory cooperation and standardization, regulatory enforcement and sanctions, and customer data protection regulations.

[alliedcreation]

Domestic Tourism Market Size is Projected to Expand at a Noteworthy CAGR of 13.4 %

The global domestic tourism market is expanding as a result of a rise in demand for unusual and exotic vacation experiences, a rise in social media influence and its effects on the travel industry, and a rise in the popularity of online bookings. Additionally, the market is growing as a result of the convergence of big data analytics, artificial intelligence, and mobile applications. The global domestic tourism industry is anticipated to reach $6,736.1 by 2030, according to Allied Market Research. From 2021 to 2030, the market is projected to expand at a noteworthy CAGR of 13.4 percent. The research provides a thorough analysis of the segments of the domestic tourism market, including location, tour type, booking methods, age group, and area.

Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/13398

Key Take Away

The local or regional travel segment would witness the faster growth, registering a CAGR of 16.4% during the forecast. OTA segment would dominate the market, accounting for 56% of the market. On the basis of mode of booking, the direct booking segment acquired $930.9 billion, exhibiting 43.28% of the global market share. Conference/Meetings segment would witness the fastest growth, registering a CAGR of 16.2% during the forecast period. The 50 years and above age group segment would witness the fastest growth, registering a CAGR of 15.2% during the forecast. Asia-Pacific is the largest market growing at a CAGR of 12.7% from 2021-2030.

Purchase Enquiry@https://www.alliedmarketresearch.com/purchase-enquiry/13398

As tourists seek more tourist destinations, small & medium enterprises (SMEs) will play a more important role in ensuring the long-term sustainability and sustainability of the tourism industry. Governments and institutions need to support SMEs in these difficult times and help them achieve this transition. The pandemic may include tax breaks and remittances, which are essential for SMEs to maintain their business and help their online businesses and national platforms to digitally transform, which may become a new source of external income. Emerging companies have experienced a boom in the region to meet the needs of those willing to travel. For example, in Thailand, cafes started serving dinner on old planes for people who never flew.

The domestic tourism market is segmented into location, mode of booking, tour type, age group, and region. On the basis of location, the market is categorized into local or regional travel and interstate travel. By mode of booking, it is segregated into OTA and direct booking. Depending on tour type, it is fragmented into conferences/meetings, weekend getaways, adventures tours, organized tours, holidays trip, and others. As per age group, it is segregated into below 30 years, 30–41 years, 42–49 years, and 50 years & above. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, Italy, Russia, Sweden, Switzerland, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, New Zealand, South Korea, Thailand, Malaysia, Philippines, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, United Arab Emirates, Turkey, and rest of LAMEA).

On the basis of location, the local or regional travel segment was valued at $295.3 billion in 2020, and is projected to reach $1,983.0 billion by 2030, growing at a CAGR of 16.4% from 2021 to 2030. The trends of local immersion and authentic experiences are encouraging visitors to explore new destinations in their local or regional area. People are slowing their travel experiences, preferring to focus on a single region where they can leisurely mingle with locals and discover a true insider’s experience in their home region. Thus, raising interest of the people to explore and get aware of popular destination places in their local and regional area is likely to garner the growth of the domestic tourism market through local or regional travel segment.

According to tour type, the adventures tours segment was valued at $292.1 billion in 2020, and is expected to grow at $1,879.5 billion by 2030, registering a CAGR of 15.9%. Activities involved in the adventure tours such as land-based activity, water-based activity, and air-based activity are gaining considerable popularity among the millennial population, owing to its physical and mental health benefits. The adoption of mobiles, computers, and other networking devices is rising notably, which helps people to get aware of exotic and interesting adventure places.

According to the domestic tourism market analysis, on the basis of age group, the adventures tours segment was valued at $292.1 billion in 2020, and is expected to grow to $1,879.5 billion by 2030, exhibiting a CAGR of 15.9%. The 42–49-year age group is financially & physically mature and contributes significantly in the domestic tourism. These individuals have their social groups to travel together, and some of them prefer solo travelling to explore different adventures. Thus, the 42–49 years age group is promoting the growth of domestic tourism market, and anticipated to continue this trend throughout the domestic tourism market forecast period.

[paynxt360]

Strategic alliances lead to new BNPL solutions in 2023

Although consumer adoption of buy now pay later schemes has been growing consistently since the pandemic outbreak, the ever-expanding ecosystem has significantly aided the rise of the BNPL market. Strategic collaborations between fintech firms, retail partners, and e-commerce marketplaces have led to the rise of new BNPL solutions and the trend has further continued in 2023. These alliances are providing users with BNPL schemes in the B2B space, cross-border payment capabilities through short-term lending, flexible payment options on global e-commerce marketplaces, point-of-sale financing, and interest-free payment plans for select retailers and merchants.

Billie and Mollie, for instance, entered into a strategic collaboration to deliver B2B BNPL services across Europe. The partnership will see the integration of Billie’s B2B BNPL solution into Mollie’s payments application programming. The launch of the new BNPL scheme gives business customers 30 days to pay for their purchases, while the merchants selling those products are paid upfront. As of March 2023, the firm launched the solution for businesses in Germany and is expected to be launched in more European markets before the end of 2023.

In the B2B space, Tabit also partnered with Lenovo to offer BNPL solutions for business customers in Canada. In another strategic alliance, Lendica made its embedded finance integration available for Shopify and Salesforce. Allianz Trade in Asia Pacific and Bueno.money also forged a partnership on B2B BNPL. Venture capital and private equity firms are foreseeing growth in the B2B BNPL space and expect the segment to be the next growth driver for the global BNPL market. The flurry of strategic alliances also indicates that the sector is poised to record strong growth in 2023.

In addition to a growing focus on the B2B sector, BNPL providers and fintech firms are also entering into strategic alliances in the B2C segment, catering to the varied needs of consumers worldwide.

In February 2023, Western Union announced that the firm had forged an alliance with Beforepay to launch a remittance-focused BNPL solution. Under the collaboration, the two firms will facilitate cross-border money transfers, while allowing consumers to access short-term lending solutions. Leveraging the wage-advance product offered by Beforepay, consumers will be able to borrow A$200 through Western Union’s digital channels.

To facilitate cross-border shopping, Philippine-based BillEase entered into a strategic collaboration with China-headquartered Alipay+. The strategic alliance, announced in January 2023, will enable BillEase users to shop using the BNPL payment method at more global brands online. Notably, Alipay+ has a strong network of 2.5 million global online and offline merchants, offering goods across different product categories.

Klarna, on the other hand, forged a strategic alliance with Ingenico to expand its BNPL footprint at in-store checkout. The collaboration will facilitate the rollout of the point-of-sale financing solution offered by Klarna using PPaaS, which is a cloud Payments Platform-as-a-Service solution offered by Ingenico. With over 40 million point-of-sale terminals in service worldwide, the collaboration is expected to drive growth for Klarna in the in-store segment.

Like Klarna, Splitit also entered into a strategic collaboration with Ingenico in February 2023, to tap into the growing in-store BNPL segment. Both of these collaborations aim to deliver a simplified, one-touch, zero-interest BNPL solution embedded into the merchant’s existing point-of-sale terminals. Visa and Mastercard have also entered into a series of strategic alliances to launch new BNPL schemes for shoppers globally.

Visa, for instance, announced a partnership with Malaysia-based GHL Systems Berhad in March 2023. The strategic collaboration will enable shoppers to use Visa Instalments at over 3,000 merchant outlets across Malaysia, featuring fashion, jewelry, and electronics brands.

Mastercard, on the other hand, announced a series of collaborations to expand its BNPL program. In March 2023, the firm announced that Amount, Bass Pro Shops and Cabela’s, Deserve, i2c, Saks Fifth Avenue, Sutton Bank, and Walgreens, among others, have joined its wide array of partners.

Amid the growing demand for BNPL solutions, due to the rising interest rate and inflation environment, more such strategic collaborations across different segments are expected to emerge in the global market in 2023. Consequently, these alliances, coupled with the growing demand for BNPL schemes in B2C and B2B sectors, will keep driving innovation and market growth from the short to medium-term perspective.

To know more and gain a deeper understanding of the global BNPL market, click here.

[kritikapatil]

Trade Finance Software Market Is Likely to Experience a Tremendous Growth in Near Future

Advance Market Analytics released a new market study on Global Trade Finance Software Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Trade Finance Software Forecast till 2027*.

Trade finance covers various financial instruments that support companies' exports and imports. Software packages include functions that ensure all transactions comply with SLAs. The use of digitized software aids transactions as all documents are easily tracked, and transactions happening over long distances are sped up. Trade finance solution features such as import and export standby letter of credit, collections, bonds, and guarantee, captures and generating swift messages and documents, refining under import LC, export LC and collections, shipping guarantees, reimbursements, remittances, participations, syndications, and loans.

Key Players included in the Research Coverage of Trade Finance Software Market are

Finastra (United Kingdom)

Newgen Software (India)

CGI Inc. (Canada)

ICS BANKS (United Kingdom)

Surecomp (Canada)

Sopra Banking Software (France)

China Systems (China)

Traydstream (United Kingdom)

Aite Matrix (United States)

LiquidX, Inc. (United States) What's Trending in Market: Rise of Rigtech to Combat Increasing Compliance Hurdles

Increasing Worldwide Import and Export Transactions

Challenges: Lack of Focus on Trade Financing For SMEs

Insufficient Risk Valuation Capabilities

Unmet Demand for Trade Finance and the Rapid Digitalization Process

Opportunities: Paperless Future of Trade Finance

Participation of Emerging Local Markets in Global Trade

Collaboration of Traditional Banks and Fintechs can create Opportunities for the Trade Finance Software Market

Market Growth Drivers: Demand for Financing Solutions, Especially from Local Providers

Changing Consumer Expectations, Emerging Technologies, and New Business Models

The Global Trade Finance Software Market segments and Market Data Break Down by Type (Cloud, On-Premise), Application (Banks, Trade Finance Houses, Others), Function (Letters of Credit, Guarantees, Supply Chain Finance, Documentary Collection, Others), Organization Size (SMEs, Large), Component (Software (Web-based, Cloud-based, On-premises), Service) To comprehend Global Trade Finance Software market dynamics in the world mainly, the worldwide Trade Finance Software market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia. Presented By

AMA Research & Media LLP

[sueheaven]

Global Duty Free & Travel Retail Market to Witness Excellent Revenue Growth Owing to Rapid Increase in Demand

A Latest intelligence report published by AMA Research with title "Global Duty Free & Travel Retail Market Outlook to 2027. This detailed report on Duty Free & Travel Retail Market provides a detailed overview of key factors in the Global Duty Free & Travel Retail Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.

Duty-free and travel retail is a retailing channel offering items to worldwide explorers in an exceptionally controlled retail climate administered by customs remittances, for example, air terminals, ports, ships, voyage ships, and landline shops, and their tasks are represented by public traditions specialists. Items that can be sold duty-free fluctuate by ward and various standards dependent on the job estimations, remittance limitations, and different variables. Air terminals address most of such deals around the world Duty-free and travel retail produces essential incomes for public flight, travel, and the travel industry ventures. Air terminals specifically progressively depend on business incomes to subsidize the improvement of their framework and to assist them with keeping the arrival charges payable via aircrafts as low as could be expected. At air terminals across the world, retail is presently the biggest supporter of non-aeronautical pay.

Major Players in this Report Include are:

Aer Rianta International (Ireland)

China Duty-Free Group (China)

DFS Group (Hong Kong).

The Shilla Duty-Free (South Korea)

Dubai Duty-Free (Dubai)

Dufry (Switzerland)

Lotte Duty-Free (South Korea)

Duty-Free Americas (United States)

Ever Rich Duty-Free (Taiwan)

Gebr. Heinemann (Germany)

Market Drivers: The rising popularity of the travel and tourism industry

The increasing focus on digitalizing the retailing process to maximize profits

The growing demand for retail chains for luxury and premium brands of various products

Market Trend: Increase in the Duty-free and travel retail globally

The rapid penetration of social media and digitalization in duty-free and travel retail shops

Opportunities: Companies are partnering with duty-free stores to launch limited or exclusive products

Opening more duty-free and travel retail shops to increase different growth opportunities

The Global Duty Free & Travel Retail Market segments and Market Data Break Down by Type (Beauty and Personal Care, Eatables, Fashion Accessories and Hard Luxury, Tobacco, Wines and Spirits, Other), Application (Airlines, Airports, Ferries, Seaports, Train Stations, Other), By Product Brand (Local Brand, National Brand, Global Brand)

Geographically World Duty Free & Travel Retail markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Duty Free & Travel Retail markets will drive growth in the North American market over the next few years.

Presented By

AMA Research & Media LLP