Global Digital Remittance Market to Reach $60.05 Billion by 2030
Digital Remittance Market Growth & Trends Market Overview The global digital remittance market is projected to reach USD 60.05 billion by 2030, growing at a CAGR of 16.7% from 2025 to 2030, according to Grand View Research, Inc. Key growth drivers include: Digitization and mobile penetration Evolving customer demands for faster, cheaper, and more transparent cross-border payments Increased adoption in low- and middle-income economies Key Market Drivers Digital Transformation & Innovation Digitization brings improvements in: Speed and convenience Transparency and security Lower transaction costs Increased use of mobile payment apps is expanding access to remittance services. Changing Socioeconomic Dynamics Rising urbanization and income levels are boosting the need for cross-border money transfers. Migrant remittances are critical, often making up 60% of household income in origin countries, spent on essen...