Global Money Transfer (Remittances) Market Report 2013 Edition:Industry Forecast Report

Global Money Transfer (Remittances) Market Report: 2013 Edition
Remittance is defined as transfer of money by an individual residing in foreign country to his/her home
country. The monetary fund transferred by foreign migrants to their homes represents second largest financial
inflow to the respective nation. Remittance channel is collectively comprised of a sender, a recipient,
intermediaries in both countries, and the payment interface used by the intermediaries. In order to ensure
greatest security during any money transfer transaction, certain international standards have been set by the
World Bank. The remittance system encompasses the following components: Remittance Service Providers
(RSP), Remittance Corridors, Remittance Network and, Money Transfer System.
A consistent increase has been observed in the global remittance inflow and outflow over the past few years
with the exception of 2009, which was on account of economic and financial turmoil. As of 2012, India,
China, Philippines and Mexico, were the top four remittance receiving countries. Further, the top addressers of
the remittance included the US, Russian Federation, Saudi Arabia and Switzerland during the cited period.
The largest source of remittance flow to developing regions was high income countries in 2012. The key
trends providing sufficient growth opportunity for further growth of the global remittance industry include
increasing employment opportunities apart from rising global GDP and rising number of international
migrants. Some of the noteworthy trends and developments of this industry include the impact of remittance
on health, education and poverty, wide portfolio of remittance services and correlation between remittance and
foreign exchange rates. However, the growth of tissue paper industry is hindered by the difficulty in
establishment of access points, tax regulations and strict regulatory compliances.
The report on global remittance market contains a comprehensive analysis of the global remittance industry
along with the study of the regional markets including India, China, Mexico and Philippines. An intense
competition is noted among few major players; Moneygram, Western Union, Euronet and Xoom; of the global
remittance market. Apart from global competitive analysis, regional competitive landscape is also included in
the report along with company profiles of the leading players in the market.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we
have predicted the future growth of the industry. We employed various significant variables that have an
impact on this industry and created regression models with SPSS Base to determine the future direction of the
industry. Before deploying the regression model, the relationship between several independent or predictor
variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and
tests.
table Of Content

1. Overview
1.1 Remittance Marketplace
1.1.1 Components Of Remittance Marketplace
1.1.2. Remittance Market Value Chain


2. Global Remittance Market

remittance Inflow Growth
remittance Outflow Growth

2.1. Remittance Market By Income Characteristics
2.1.1 Low Income Countries
2.1.2 Middle Income Countries
2.1.3 High Income Countries
2.2 Remittances Market By Region
2.2.1 Developing Countries
2.2.2 East Asia And Pacific Region
2.2.3 Europe And Central Asia Region
2.2.4 Latin America And Caribbean Region
2.2.5 Middle East And North Africa Region
2.2.6 South Asia Region
2.2.7 Sub Saharan Africa Region
2.3 Remittances Market By Largest Receiving Countries
2.3.1 India
2.3.2 China
2.3.3 Philippines
2.3.4 Mexico

3. Market Dynamics
3.1 Growth Drivers
3.1.1 Increasing International Migration
3.1.2 Rising Global Gdp
3.1.3 Increasing Employment Opportunities
3.2 Trends And Developments
3.2.1 Correlation Of Remittance And Foreign Exchange Rates
3.2.2 Unstable Remittance Cost
3.2.3 Impact Of Remittance On Health, Education And Poverty
3.2.4 Wide Portfolio Of Remittance Service
3.2.5 Remittance Cost Gap Between India And China
3.3 Challenges
3.3.1 Access Points Establishment
3.3.2 Taxes On Remittances
3.3.3 Strict Regulatory Compliances


4. Competitive Landscape
4.1 Agent Locations
4.2 Transfer Mechanism

5. Company Profiles
5.1 The Western Union Company
5.1.1 Business Overview
5.1.2 Financial Overview
5.1.3. Business Strategies

expanding Global Presence
technological Innovations

5.2 Moneygram International, Inc.
5.2.3 Business Strategies

expansion Through Collaborations
enhancing Service Portfolio

5.3 Euronet Worldwide, Inc.
5.3.3 Business Strategies

focus On Technological Innovation
growth Through Acquisitions

6. Market Outlook
6.1 Market Forecast
6.2 Forecast Methodology
6.2.1 Dependent And Independent Variables
6.2.2 Correlation Analysis
6.2.3 Regression Analysis


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Global Money Transfer (Remittances) Market Report 2013 Edition:Industry Forecast Report

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Global Money Transfer (Remittances) Market Report 2013 Edition:Industry Forecast Report