RFi Group’s International Remittances and Money Transfers report investigates and reveals the latest in trends and behaviours affecting the global consumer cross-border transfer sectors, delving into channel behaviour, provider preference and purpose of transfer. Examining the behaviour of consumers based in Australia, Canada, Mainland China, France, Hong Kong SAR, India, Mexico, Singapore, UK, and the USA, this report reveals key transfer corridors around the globe.
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This is a must-read, essential and unique report for all financial service professionals working in the international remittances and money transfers sectors.
The report provides financial institutions with unique data driven insights into the impact of these trends and how to most effectively design strategies to combat competition and meet customers’ needs over the next 12-24 months.
Contents: • Research Methodology • Country segmentation overview • Key summaries • International remittances by foreign-born individuals • Outbound international money transfers
Insights: • A detailing outline of activity per market including; money sent internationally, highest ranked recipients of outbound global remittances, total value of migrant remittances, digitalisation methods and trends • Drivers of consumer remittance • Most popular channels and platforms • World migrant remittance inflows (from 2000 – to date) • Fastest vs Slowest outward remittances markets • Regional breakdown of highest money transfers inflows • Purpose, frequency and considerations taken for money transfers
Conclusions: • Summary • Key insights • Opportunities for individuals and businesses working in the international remittances and money transfers sectors
• The data in this report is sourced from RFi Group’s Global Digital Banking Council (GDBC) survey and RFi Group’s UAE Priority and Retail Banking Study • The GDBC survey was in field in ten key markets including; Australia, Canada, Mainland China, France, Hong Kong SAR, India, Mexico, Singapore, UK, and the USA - between November and December 2019. • In total over 1,000 consumers were interviewed online in each market (in the UK 2,000 consumers were interviewed) • Survey respondents form a nationally representative sample of the banked population. Respondents in China and India represent the urban banked population
All survey responses are aggregated and anonymized.
Data Delivery: PDF Report
Market Availability: This is a global report
About RFi Group:
RFi Group is a global data-driven insights provider exclusively focused on financial services. We specialise in data and information gathering, customer-based insight generation and business decision support for the world’s leading financial service providers, as well as challengers, disruptive market participants and companies aligned to the FS sector.
We combine global intelligence and local knowledge to provide insightful, valuable and actionable recommendations, with a core focus on the provision of exceptional client service.
Covering 48 key global markets, with regional offices in Toronto, London, Singapore and Sydney RFi Group consistently provides clients with tailored advice and insights relevant to their specific market and business needs.
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