Digitization has reduced consumers’ remittances costs worldwide, reshaping the competitive battlefield. Money transfer operators must follow new playbooks to monetize this $800 billion market.
Digital transformation has upended the global remittance market, thereby pressuring consumer pricing, reshaping the competitive battlefield, and creating new playbooks for traditional money transfer operators.
Scroll on to learn about:
The size the of global remittance payments opportunity
The major established and emerging brands fighting for share
Key funding methods—from cards to cash—and their growth trajectory
Technological innovations that are driving business upheaval
Key Question: How can money transfer operators (MTOs) monetize digital disruption?
KEY STAT: Even while consumers’ remittance costs continue to decline overall, the pricing advantage held by digital-only MTOs is narrowing—which could reinvigorate competition from traditional MTOs.
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Table of Contents
Executive Summary
Remittances are set to surpass $800 billion in volume, but pricing is pressuring revenues.
Digitization is transforming the global remittance landscape.
Digitization reshuffles MTO revenue growth in upstarts’ favor.
Digital funding methods are growing—but cash still reigns.
Digital pricing is losing its edge, shifting the battleground.
Digital wallets hold promise—but consumers want physical touchpoints.
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