Western Union was used the most for outgoing remittances from Sweden in 2024, although its market share decline over the course of the year. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going away from Sweden. The three countries to which Sweden sends the highest value of remittances are Finland, Thailand, and Germany. Remittances are a relatively uncharted topic, though. 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 estimates.
Biggest brands for remittances in Sweden from 4th quarter 2015 to 1st quarter 2024, based on remittance outflow towards any other country
Figures are based on the remittance channels that exist in a remittance sending and/or receiving country.
Supplementary notes
The figures provided have been calculated by Statista based off the Remittance Prices Worldwide from the World Bank and a methodology shared in a report from the OMFIF. This source reports the remittance channels that exist in a remittance sending and/or receiving country. The figures are shown are therefore not based off the number of remittances or the transaction value of remittances.
The World Bank launched a work group in 2023 to standardize remittance data in the future and better map out the topic. This includes an attempt at providing more detailed remittance flow information. The initial results of this work group are expected in the second half of 2024. More information can be found here.
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Statista. (July 6, 2024). Biggest brands for remittances in Sweden from 4th quarter 2015 to 1st quarter 2024, based on remittance outflow towards any other country [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1456759/remittance-outflows-by-brand-in-sweden/
Statista. "Biggest brands for remittances in Sweden from 4th quarter 2015 to 1st quarter 2024, based on remittance outflow towards any other country." Chart. July 6, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1456759/remittance-outflows-by-brand-in-sweden/
Statista. (2024). Biggest brands for remittances in Sweden from 4th quarter 2015 to 1st quarter 2024, based on remittance outflow towards any other country. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1456759/remittance-outflows-by-brand-in-sweden/
Statista. "Biggest Brands for Remittances in Sweden from 4th Quarter 2015 to 1st Quarter 2024, Based on Remittance Outflow towards Any Other Country." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/1456759/remittance-outflows-by-brand-in-sweden/
Statista, Biggest brands for remittances in Sweden from 4th quarter 2015 to 1st quarter 2024, based on remittance outflow towards any other country Statista, https://www.statista.com/statistics/1456759/remittance-outflows-by-brand-in-sweden/ (last visited November 23, 2024)
Biggest brands for remittances in Sweden from 4th quarter 2015 to 1st quarter 2024, based on remittance outflow towards any other country [Graph], Statista, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1456759/remittance-outflows-by-brand-in-sweden/
