APAC: digital remittances transaction by country

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.

Find other insights concerning similar markets and segments, such as a ranking of subsegments in Latin America regarding number of users in the FinTech market as a whole and a ranking of subsegments in the Philippines regarding number of users in the segment Digital Payments .

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Average transaction value of digital remittances in the Asia-Pacific region in 2023, by country (in thousand U.S. dollars)

Characteristic	Average transaction value in thousand U.S. dollars
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Supplementary notes

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.

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