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Europe Fintech Digital Remittances Market Size | 2019-2032

Europe Fintech Digital Remittances Market Size and Forecast by Transfer Channel, End Users, Industry, Remittance Type, Transaction Purpose, and Region: Statistics | 2019-2032

Report Format:     | Pages: 160+
Type: Niche Industry Monitor | ID: FIN4460  | Publication: August 2024  |  US$925  |  

Europe Fintech Digital Remittances Market Growth and Performance

  • In 2023, the Europe fintech digital remittances market was valued at US$ 24.50 Billion, reflecting a year-on-year growth rate of 15.6%.
  • By the end of 2032, the Western Europe fintech digital remittances market size is forecast to reach US$ 116.44 Billion, registering a CAGR of 18.9% during the forecast period.
  • In 2032, the bank transfer segment is projected to experience a significant upsurge in market revenue, reaching US$ 52.65 Billion. This segment is likely to be the largest segment, with 45.3% market share.
  • In terms of spending on associated solutions and services, IT and telecom sector dominated the fintech digital remittances market in Europe in 2023.

Europe Fintech Digital Remittances Market Outlook

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032
 

Research Scope

Transfer Channel

Bank Transfer

Mobile and Online Transfer

Agent-Based Transfer

Cryptocurrency Transfer

End Users

Individual Consumers

SMEs

Medium-sized Enterprises

Large Enterprises

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Remittance Type

Domestic Remittances

International Remittances

Transaction Purpose

Personal Transfers

Business Transactions

 

Europe Fintech Digital Remittances Industry: Country Coverage

 

Countries

Europe

UK

Germany

France

Italy

Spain

Benelux

Nordics

Russia

Poland

Rest of Europe

 

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