South Africa’s international remittance market
DUBLIN, April 10, 2024 (Globe Newswire) — “Business and Investment Opportunities in the South African International Remittances Market – Analysis of Transaction Values and Volumes, Remittances to and from Key Countries, and Consumer Statistics – 2024 Q1 report has been created.add to ResearchAndMarkets.com Recruitment.
South Africa's international inbound remittances market will grow by 3.9% in 2023 to reach USD 937.2 million in 2024. During the forecast period (2024-2028), the market size is expected to register a CAGR of 2.5%, increasing from USD 901.7 million in the previous year. In 2023, it is expected to reach USD 1.03 billion by 2028.
South Africa's remittance outflow market will grow by 3.7% in 2023 and reach USD 1.08 billion in 2024. Over the forecast period (2024-2028), the market size is expected to register a CAGR of 2.2%, increasing from USD 1.04 billion in 2023 to reach USD 1.17 billion by 2028. will be done.
This report provides a comprehensive analysis of the South African international remittance market and the international remittance market. It covers transaction value, transaction volume, average value per transaction, key market players, market opportunities by channel, consumer profile, and source/receiver country.
Research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to provide a detailed view of emerging business and investment market opportunities.
Reasons to buy
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Comprehensive and up-to-date information: This report provides comprehensive and up-to-date information on market size, growth trends, transaction value, transaction volume, average amount per transaction, and the South African International Remittances market. Market share analysis by transfer channels, consumer segments and key countries.
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Understand the competitive landscape: Get an overview of the competitive landscape through market share data of key players in the market.
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Actionable insights for companies and investors: This report provides data-centric analysis for companies and investors operating in the South African remittances market. This helps you identify new opportunities, assess risks, and make informed business decisions.
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Future Market Growth Forecast: This report provides future market growth forecast, which enables companies and investors to plan and strategize effectively.
Key attributes:
report attributes |
detail |
number of pages |
130 |
Forecast period |
2024 – 2028 |
Estimated market value in 2024 (USD) |
900 million dollars |
Projected market value to 2028 (USD) |
1 billion dollars |
compound annual growth rate |
2.5% |
Target area |
South Africa |
range
International inbound market opportunity trend analysis in South Africa
International inbound market opportunity trend analysis by channel in South Africa
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Digital (transaction value, transaction volume, average amount per transaction)
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Mobile (transaction amount, transaction volume, average amount per transaction)
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Non-digital (transaction value, transaction volume, average amount per transaction)
International remittance analysis of South African consumer profile
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Analysis by age group of callers
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Analysis by sender income
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Analysis of callers by occupation
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Analysis of beneficiaries by occupation
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Analysis by purpose
International remittance flow analysis in South Africa (country to province/region)
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Market opportunities by major sending countries (transaction value, transaction volume, average amount per transaction)
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Market Share by Transfer Channel by Key States/Regions
International Outbound Market Opportunity Trend Analysis in South Africa
International Outbound Market Opportunity Trend Analysis by Channel in South Africa
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Digital (transaction value, transaction volume, average amount per transaction)
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Mobile (transaction amount, transaction volume, average amount per transaction)
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Non-digital (transaction value, transaction volume, average amount per transaction)
International remittance analysis of South African consumer profile
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Analysis by age group of callers
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Analysis by sender income
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Analysis of callers by occupation
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Analysis of beneficiaries by occupation
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Analysis by purpose
International remittance flow analysis in South Africa (state/region to country)
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Market opportunities by major sending countries (transaction value, transaction volume, average amount per transaction)
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Market Share by Transfer Channel by Key States/Regions
For more information on this report, please visit https://www.researchandmarkets.com/r/807lp0.
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