Showing posts with label France Remittance Sector. Show all posts
Showing posts with label France Remittance Sector. Show all posts

Wednesday, January 11, 2023

France Remittance Market Analysis, Revenue, Share, Growth Rate: Ken Research

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France Remittance Market Ecosystem

France Remittance Market is in the growing stage and is fragmented with the manifestation of small, medium and large corporations.

Key Market Findings:

  • The France market is moderately concentrated with the majority of the market being captured by MTOs (Money Transfer Operators) & Banks
  • In terms of volume of transactions, the inbound remittance is expected to register a CAGR close to ~%.
  • France’s remittance corridor with Asia accounted for the highest share in the remittance market of the region in terms of the remittance transaction value.

France Remittance Market

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Increase in Migration: The market has been fostered by increasing migration, growing government support for fresh competitors, developed banking knowledge and positive growth awareness towards the digitalized remittance services in the space. In the coming years, the players would be increasing through the acquisitions, tie-ups between companies and acceptance of digital modes of money transfer and effective growth to the payout networks around and outside Europe.

Smartphone Penetration: The significant increment in the smartphone penetration, combined with growing amount of the digital-savvy consumers choosing for the digital remittances, is predicted to propel the market over the review duration. Additionally, the growing internet penetration has allowed the consumer to access the financial remittance services.

Introduction of Biometrics: The technology of biometrics is playing important role in the remittance market as this technology is considered highly effective and efficient because of unique process. In the recent trend, financial institutions across the globe is adopting this technology to authenticate customers accessing their facilities more effectively and significantly. This technology in banking and financial services can facilitate numerous offers to the solution by identifying the customers through their fingerprint scanning or retina scanning as these two things never be same or matched with another person.

Analysts at Ken Research in their latest publication France Remittance Market Outlook to 2027F - By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors” provides a comprehensive analysis of France’s Remittance Market including market evolution, overview, genesis, market size and market segmentations. Extensive focus has been placed in quantifying the transaction value and volume. The report covers aspects such as market segmentation (by channels used and by top flow corridors) and a descriptive snapshot on the Bill Payments Market in France.

Key Segments Covered in the report: -

France Remittance Market

By Inbound Remittance Flow Corridor

On the Basis of Channels (Volume of Transactions)

  • Banking channels
  • MTOs
  • M-Wallets
  • Others

On the Basis of Inflow Countries (By Value of Transactions)

  • Italy
  • Poland
  • Portugal
  • Romania
  • United Kingdom
  • Other EU-28 Countries

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By Outbound Remittance Flow Corridor

On the Basis of Channels (Volume of Transactions)

  • Banking channels
  • MTOs
  • M-Wallets
  • Others

On the Basis of Outflow Countries (By Value of Transactions)

  • Germany
  • Spain
  • France
  • Italy
  • United Kingdom
  • Other EU-28 Countries

By Point of Contact (By Volume)

  • Branch Pick-up
  • Mobile Payment & Online Transactions
  • Prepaid Cards

By Flow Corridors (By Volume)

  • Asia
  • North Africa
  • South America
  • Central & South Africa
  • Non-EU Countries
  • North America
  • Central America
  • Near & Middle East
  • Oceania

Key Target Audience

  • Banks
  • Money Transfer Operators
  • M-Wallet Companies
  • Hawalas
  • Convenience and Retail Stores
  • Supermarket Chains
  • Bills and Payments Companies
  • Investors & Venture Capital Firms
  • Government Bodies

Time Period Captured in the Report:

  • Historical Period: 2017-2021
  • Base Period: 2022
  • Forecast Period: 2023-2027F

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Companies Covered:

  • HSBC Bank
  • Lloyds Bank
  • BNP Paribas
  • Barclays Plc
  • Deutsche Bank
  • Bank of China
  • Credit Agricole
  • BBVA Dinero Express
  • Unicredit Banca
  • Western Union
  • Money Gram
  • Ria Money Transfer
  • Transferwise
  • UAE Exchange
  • World Remit
  • Metro Remittance
  • Azimo
  • RemitGuru
  • Xoom by Paypal
  • Skrill
  • Neteller
  • Postbank
  • La Poste and PosteItaliane

Key Topics Covered in the Report

Market Ecosystem
Market Overview
Market Size on the Basis of Transaction Value
Market Size on the Basis of Transaction Volume
Market Size on the Basis of Average Transaction Size
Market Segmentation by Remittance Channels (Volume of Transactions)
Outbound Remittance Market Segmentation by Remittance Channels (Volume of Transactions)
Inbound Remittance Market Segmentation by Remittance Receiving Countries (Value of Transactions)
Outbound Remittance Market Segmentation by Remittance Sending Countries (Value of Transactions)
Inbound Remittance Market Segmentation by Point of Contact (Volume of Transactions)
Market Segmentation by Top Flow Corridors (Value of Transactions)
Snapshots of France Payments Market
Regulatory Landscape in France Remittance Market
Decision-Making Process and Pain points in France Remittance Market
SWOT Analysis in France Remittance Market
Competition Scenario in France Remittance Market
Strengths and Weaknesses of Major Players in France Remittance Market
Company Profile of Major Players
Future Outlook and Projections
Analyst Recommendations

For More Insights On Market Intelligence, Refer To The Link Below: -

Future Outlook of France Remittance Market

Related Reports by Ken Research: -

Egypt Remittance Market Outlook to 2023

Kuwait Remittance Market Outlook To 2022

Sunday, January 1, 2023

Future Outlook of France Remittance Market: Ken Research

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Digital Remittance: Digital remittance is well-defined as one of the maximum powerful monetary solutions that can have the impending to cause positive advancement in the local and worldwide regions. The significant increment in smartphone penetration, deduction in the remittance cost and transfer duration, and growth in the implementation of banking and financial services combined with the growing amount of digital-savvy consumers choosing digital remittances is predicted to propel the market over the review duration.

Sustained Innovation on the Behalf of Banks: The continuous enlargement of remittances in recent past years has been encouraged by the sustained innovation on the behalf of banks, money transfer corporates, MTO’s and several other financial associations which deliver remittance services to overseas workers. Mainstream of money remittances received by the overseas households are directed through commercial banks and MTO’s.

France Remittance Market Analysis

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Increasing Payments through Mobile: The growth in the payment automation and digitalization is predicted to generate the growth opportunities for market over the review duration. Furthermore, growing amount of economic migrants traveling from the underdeveloped regions to developed economies in search of better work choices is anticipated to underwrite to market growth. Therefore, in the coming years, it is anticipated that the market of remittance will increase around the globe more progressively over the near future.

Surging Landscape of Blockchain Technology: The technologies is playing significant role in Asia Pacific remittance industry and its usage of technologies in this industry will lead to significant growth across the globe. The technology of Blockchain is very much prominent in this market as this eliminates the middle man leading to less time consumption and cost Effectiveness. With the help of this technology anyone can easily transfer the money from one country to another country without any hesitation without wasting much time.

Analysts at Ken Research in their latest publication France Remittance Market Outlook to 2027F - By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors provides a comprehensive analysis of France’s Remittance Market including market evolution, overview, genesis, market size and market segmentations. Extensive focus has been placed in quantifying the transaction value and volume. The report covers aspects such as market segmentation (by channels used and by top flow corridors) and a descriptive snapshot on the Bill Payments Market in France.

Key Segments Covered in the report: -

France Remittance Market

By Inbound Remittance Flow Corridor

On the Basis of Channels (Volume of Transactions)

  • Banking channels
  • MTOs
  • M-Wallets
  • Others

On the Basis of Inflow Countries (By Value of Transactions)

  • Italy
  • Poland
  • Portugal
  • Romania
  • United Kingdom
  • Other EU-28 Countries

To more about industry trends, Request a free Expert call

By Outbound Remittance Flow Corridor

On the Basis of Channels (Volume of Transactions)

  • Banking channels
  • MTOs
  • M-Wallets
  • Others

On the Basis of Outflow Countries (By Value of Transactions)

  • Germany
  • Spain
  • France
  • Italy
  • United Kingdom
  • Other EU-28 Countries

By Point of Contact (By Volume)

  • Branch Pick-up
  • Mobile Payment & Online Transactions
  • Prepaid Cards

By Flow Corridors (By Volume)

  • Asia
  • North Africa
  • South America
  • Central & South Africa
  • Non-EU Countries
  • North America
  • Central America
  • Near & Middle East
  • Oceania

Key Target Audience

  • Banks
  • Money Transfer Operators
  • M-Wallet Companies
  • Hawalas
  • Convenience and Retail Stores
  • Supermarket Chains
  • Bills and Payments Companies
  • Investors & Venture Capital Firms
  • Government Bodies

Time Period Captured in the Report:

  • Historical Period: 2017-2021
  • Base Period: 2022
  • Forecast Period: 2023-2027F

Visit this Link Request for a custom report

Companies Covered:

  • HSBC Bank
  • Lloyds Bank
  • BNP Paribas
  • Barclays Plc
  • Deutsche Bank
  • Bank of China
  • Credit Agricole
  • BBVA Dinero Express
  • Unicredit Banca
  • Western Union
  • Money Gram
  • Ria Money Transfer
  • Transferwise
  • UAE Exchange
  • World Remit
  • Metro Remittance
  • Azimo
  • RemitGuru
  • Xoom by Paypal
  • Skrill
  • Neteller
  • Postbank
  • La Poste and PosteItaliane

Key Topics Covered in the Report

Market Ecosystem
Market Overview
Market Size on the Basis of Transaction Value
Market Size on the Basis of Transaction Volume
Market Size on the Basis of Average Transaction Size
Market Segmentation by Remittance Channels (Volume of Transactions)
Outbound Remittance Market Segmentation by Remittance Channels (Volume of Transactions)
Inbound Remittance Market Segmentation by Remittance Receiving Countries (Value of Transactions)
Outbound Remittance Market Segmentation by Remittance Sending Countries (Value of Transactions)
Inbound Remittance Market Segmentation by Point of Contact (Volume of Transactions)
Market Segmentation by Top Flow Corridors (Value of Transactions)
Snapshots of France Payments Market
Regulatory Landscape in France Remittance Market
Decision Making Process and Pain points in France Remittance Market
SWOT Analysis in France Remittance Market
Competition Scenario in France Remittance Market
Strengths and Weaknesses of Major Players in France Remittance Market
Company Profile of Major Players
Future Outlook and Projections
Analyst Recommendations

For More Insights On Market Intelligence, Refer To The Link Below: -

Future Outlook of France Remittance Market

Related Reports by Ken Research: -

Egypt Remittance Market Outlook to 2023

Kuwait Remittance Market Outlook To 2022