Global Money Transfer (Remittances) Market Report: 2013 Edition – New Report by Koncept Analytics

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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. For more mail vikas@konceptanalytics.com

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Global Money Transfer (Remittances) Market Report: 2013 Edition – New Report by Koncept Analytics

  1. 1. View Report Details Global Money Transfer (Remittance) Market Report ----------------------------------------------------2013
  2. 2. View Report Details Executive Summary 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.
  3. 3. From a macroeconomic perspective, remittances can boost aggregate demand and thereby spurring the GDP as well as economic growth. • The global remittance market has been consistently increasing over the past couple of years. However, a mild decrease was recorded in 2009 due to global economic and financial crises. The global remittance inflow increased from US$.... billion in 2011 to US$.... billion in 2012 thereby representing growth of …%. Global Remittance Inflow (2007-2012) US$ Billion • The global remittance outflow was reported at US$.... billion at the end of 2012. This represented a marginal decline of …%, compared to US$.... billion in the previous year. However, the growth of the global remittance outflow is noted at a CAGR of ….% during the period spanning 2007 to 2012. 2007 2008 2009 2010 2011 •The remittance flow to the developing countries is expected to grow so as to reach US$... billion by the end of 2013. This represents an increase of …%, compared to US$... billion in the prior year. The aforementioned increase can be attributed to the large emigrant population in developing countries. 2012 Remittance Flow to Developing Countries (2009-2013E) US$ Billion US$ Billion Global Remittance Outflow (2007-2012) 2007 2008 2009 2010 2011 2012 2009 2010 2011 2012 2013E
  4. 4. Remittance marketplace majorly consists of four components: Remittance Service Provider, Remittance Corridors, Remittance networks and, Money Transfer System. • As of 2012, the top addresser of the remittance was the US with total remittance outflow of US$.... billion immediately followed with US$... billion outflow from Russian Federation. Saudi Arabia and Switzerland accounted for US$... billion and US$.... billion, respectively, during the aforementioned period thereby representing third and fourth largest addressers of the remittance. • The latest market estimates depict that India was the largest remittance receiving country as of 2012, accounting for almost US$.... billion remittance inflow. India was immediately followed by China and Philippines respectively accounting for remittance worth US$... billion and US$... billion. Netherland Italy Luxembourg France Germany Kuwait Switzerland Saudi Arabia Russian Federation The US US$ Billion Top 10 Addressers of Remittances (2012) • The total remittance flow to the middle income group countries is expected to reach US$.... billion at the end of 2013. This is expected to display an incline of ….%, compared to US$.... billion in the prior year. The remittance flow to the middle income countries is expected to grow at a CAGR of ….% during the period spanning 2009 to 2013. Top 10 Recipients of Migrant Remittances (2013E) US$ Billion Germany Pakistan Banglade… Egypt, Ar… Nigeria France Mexico Philippines China India Remittance Flow to Middle Income Countries (2009-2013E) 2009 US$ Billion 2010 2011 2012 2013E
  5. 5. The key trends providing sufficient growth opportunity include increasing employment opportunities apart from rising global GDP and rising number of international migrants. • The remittance inflow to Middle East and North Africa region is poised to increase form US$.... billion in 2009 to US$.... billion by the end of 2013, thus, depicting growth at a CAGR of ….%. Furthermore, the remittance inflow is estimated to represent an increase of ….% to reach US$... billion in 2013, compared to US$.... billion in 2012. US$ Billion Remittance Flow to Middle East and Africa Region (2009-2013E) • The remittance flow to the European and Central Asian region increased from US$... billion in 2009 to US$... billion in 2012. This displayed a remarkable incline of …%. The value of remittance inflow to European and Central Asian region is estimated to represent a marginal increase of ...% to reach US$... billion by the end of 2013, compared to US$... billion in 2012. 2009 2010 2011 2012 • The remittance inflow to East Asia and Pacific region is estimated to increase by …%, to reach US$.... billion in 2013, compared to US$.... billion during the previous year. 2013E Remittance Flow to Europe and Central Asia Region (2009-2013E) US$ Billion US$ Billion Remittance Flow to East Asia and Pacific Region (2009-2013E)) 2009 2009 2010 2011 2012 2013E 2010 2011 2012 2013E
  6. 6. During the money remittance a migrant worker first transfers the funds to the agents or financial intermediaries, which further transfer the money to the intended recipient. Global Remittance Inflow Forecast (2007-2016F)) US$ Billion Money Transfer – Market Share by Revenue (2012) Western Union MoneyGram Euronet 2007 2008 2009 2010 2011 2012 2013F 2014F 2015F 2016F  The key players operating in the global money transfer industry are the Western Union Company, MoneyGram International Inc (MGI) and Euronet Worldwide Inc among others. In terms of revenue, the highest share of ….% was claimed by Western Union Company in 2012. MoneyGram International Inc and Euronet Worldwide represented modest respective shares of …% and …% during the cited period.  The companies operating in the remittance market face intense competition on account of wide range of services provided by them that are differentiated by features and functionalities such as speed, convenience, distribution network, channel options, hours of operations, loyalty programs, trust and reliability, number of locations and outlets, price and, brand recognitions. Furthermore, national and international postal organization can pose a great threat to the existing players by establishing their own money transfer network. These organizations offer the same services to the consumers at a lower cost compared to the cost of other service providers as these entities are government owned  Global remittance inflow is forecasted to reach US$.... billion in 2013 compared to US$.... billion in 2012, showing a remarkable growth of approximately ….%. The same is projected to reach approximately US$.... billion by 2016, growing at a CAGR of about ….% for the period spanning 2012 to 2016. Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa
  7. 7. Table of Contents 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 List of Charts & Tables List of Charts Account-Based Model Basic Non-Account Based Model Value Chain: Remittance Industry Global Remittance Inflow (2007-2012) Global Remittance Outflow (2007-2012) Top 10 Addressers of Remittances (2012) Remittance Flow to Low Income Countries (2009-2013E) Remittance Flow to Middle Income Countries (2009-2013E) Remittance Flow to High Income Countries (2009-2013E) Remittance Flow to Developing Countries (2009-2013E) Remittance Flow to East Asia and Pacific Region (2009-2013E) Remittance Flow to Europe and Central Asia Region (2009-2013E) Percentage Change in Remittance Outflows from Western Europe (2007— 2012) Percentage Change in Remittance Inflows to Eastern Europe (2007-2012) Remittance Flow to Latin America & Caribbean Region (2009-2013E) Remittance Flow to Middle East and Africa Region (2009-2013E) Remittance Flow to South Asia Region (2009-2013E) Remittance Flow to Sub Saharan Africa (2009-2012) Top 10 Recipients of Migrant Remittances (2013E) Top 10 Recipients of Migrant Remittances as % of GDP (2012) Remittance Flows to India (2007-2013E) Remittance Flows to China (2007-2013E) Remittance Flows to Philippines (2007-2013E) Remittance Flow to Mexico (2007-2013E) Distribution of Remittances by Channel (Jan 2013- Oct 2013) International Migrants Population (1990-2013E) Global GDP (2007-2012) Global Employed Population (2002-2011) Exchange Rate of Indian Rupee against US$ (Q111-Q313) Exchange Rate of Mexican Peso against US$ (Q111-Q313) Exchange Rate of Philippine Peso against US$ (Q111-Q313) Global Weighted Average for Sending USD 200 (2008-Q313) Average Cost of Remitting from G20 Countries (Q313) Average Cost by Remittance Service (Q313)
  8. 8. 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. 5.2.1 Business Overview 5.2.2 Financial Overview 5.2.3 Business Strategies -Expansion through Collaborations -Enhancing Service Portfolio 5.3 Euronet Worldwide, Inc. Availability of Product Type (Q313) Number of RSPs in Common Sending Countries (Q313) Money Transfer – Market Share by Revenue (2012) No. of Agent Locations of Major Money Transfer Organizations (2012) Western Union’s Revenue by Business Segments (2012) Western Union’s Money Transfer Revenues (2008-2012) MoneyGram’s Revenue Share by Business Segments (2012) Money Gram’s Money Transfer Revenues (2008-2012) Euronet’s Revenue Share by Business Segments (2012) Euronet’s Money Transfer Revenues (2008-2012) Global Remittance Inflow Forecast (2007-2016F) List of Tables Transfer Mechanism Offered by Major Money Transfer Organization (2012) Dependent & Independent Variables (2007-2012) Correlation Matrix Model Summary – Coefficient of Determination Regression Coefficients Output
  9. 9. 5.3.1 Business Overview 5.3.2 Financial Overview 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
  10. 10. View Report Details Contact Us: These are abridged and sanitized sample pages from the comprehensive report on the ―Global Money Transfer (Remittance) Market Report‖. To know more about this report or for any customized research requirement, please contact the following: Koncept Analytics Vikas Gupta BD Manager CS-36, Second Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T. +91-120-4130959 C: +91-9811715635 vikas@konceptanalytics.com www.konceptanalytics.com

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