Japan is leading the ranking by average transaction value per user in the 'Digital Remittances' segment of the fintech market, recording 66.3 thousand U.S. dollars. Following closely behind is Indonesia with 43.19 thousand U.S. dollars, while Pakistan is trailing the ranking with 0.46 thousand U.S. dollars, resulting in a difference of 65.84 thousand U.S. dollars to the ranking leader, Japan.
Data provided by Statista Market Insights are estimates.
Definition:
Digital Remittances refer to the electronic transfer of money from one person or entity to another, typically across international borders. The transfers are made via online platforms, mobile apps, and other digital channels that allow individuals to send and receive money quickly and securely. The target users of these services are usually migrant population. Remittances in general include periodic fund transfers between residents and non-residents and earnings transfer from short-time workers from other countries to their country of origin. Digital remittances are becoming more and more popular due to their convenience, cost-effectiveness, and speed when compared to traditional methods such as wire transfers. Additionally, digital remittances can also provide increased transparency and security, as well as the ability to track transactions in real-time.
Additional Information:
Key players in this are market Wise, Remitly and Xoom.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (January 22, 2024). Average transaction value of digital remittances in the Asia-Pacific region in 2023, by country (in thousand U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/forecasts/1306669/asia-pacific-digital-remittances-average-transaction-value-by-country
Statista. "Average transaction value of digital remittances in the Asia-Pacific region in 2023, by country (in thousand U.S. dollars)." Chart. January 22, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/forecasts/1306669/asia-pacific-digital-remittances-average-transaction-value-by-country
Statista. (2024). Average transaction value of digital remittances in the Asia-Pacific region in 2023, by country (in thousand U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/forecasts/1306669/asia-pacific-digital-remittances-average-transaction-value-by-country
Statista. "Average Transaction Value of Digital Remittances in The Asia-pacific Region in 2023, by Country (in Thousand U.S. Dollars)." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1306669/asia-pacific-digital-remittances-average-transaction-value-by-country
Statista, Average transaction value of digital remittances in the Asia-Pacific region in 2023, by country (in thousand U.S. dollars) Statista, https://www.statista.com/forecasts/1306669/asia-pacific-digital-remittances-average-transaction-value-by-country (last visited December 30, 2024)
Average transaction value of digital remittances in the Asia-Pacific region in 2023, by country (in thousand U.S. dollars) [Graph], Statista, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1306669/asia-pacific-digital-remittances-average-transaction-value-by-country
