Quarterly market share of remittance brands from the U.S. to India 2011-2024

Nearly 40 percent of remittances sent from the United States to India were handled by either Western Union or MoneyGram in 2024. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels originating from the United States and which sent money to India, specifically. The United States was the number two country of origin for remittances to India, while the Asian country was the second-highest likely destination of remittances from the United States. Remittances are, nevertheless, still a relatively uncharted topic. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore - by definition - estimates.