Remittance flows are estimated to have increased from USD 865 billion in 2023 to USD 905 billion in 2024, a larger increase than previously projected (World Bank, 2024a; GMDAC analysis based on Ratha et al, 2024b). This growth comes amid a major shift in remittance services, driven by innovations that are making transactions faster, safer, and more accessible.
According to Spherical Insights & Consulting,the Global Digital Remittance Market Size to Grow from USD 18.76 Billion in 2022 to USD 95.1 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 17.6% during the forecast period.
What factors will determine the development of money transfer services in the near future? Ahead of the FINTECH360 conference, we asked this question in our Telegram channel.
The majority of voters think that AI-based solutions will be the core driver (43%). Respondents are also confident that the development of blockchain and cryptocurrencies, and digital wallets will be a key factor in the development of money transfer services.
At FINTECH360 in Yerevan in April 2025, we will discuss the development of the cross-border money transfer and payment systems market, including technological innovations and user needs.
The panel discussion will feature:
🔵 Seyran Sargsyan, UBPay;
🔵 Shalva Meladze, Kwikpay;
🔵 Alexey Maslov, SWIFT user group in Russia;
🔵 Nino Chedia, United Payment Georgia.
The panel discussion will be moderated by Ruben Indzhikyan, Webster University Geneva Campus.
Register at FINTECH360 now!
According to Spherical Insights & Consulting,the Global Digital Remittance Market Size to Grow from USD 18.76 Billion in 2022 to USD 95.1 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 17.6% during the forecast period.
What factors will determine the development of money transfer services in the near future? Ahead of the FINTECH360 conference, we asked this question in our Telegram channel.
The majority of voters think that AI-based solutions will be the core driver (43%). Respondents are also confident that the development of blockchain and cryptocurrencies, and digital wallets will be a key factor in the development of money transfer services.
At FINTECH360 in Yerevan in April 2025, we will discuss the development of the cross-border money transfer and payment systems market, including technological innovations and user needs.
The panel discussion will feature:
🔵 Seyran Sargsyan, UBPay;
🔵 Shalva Meladze, Kwikpay;
🔵 Alexey Maslov, SWIFT user group in Russia;
🔵 Nino Chedia, United Payment Georgia.
The panel discussion will be moderated by Ruben Indzhikyan, Webster University Geneva Campus.
Register at FINTECH360 now!