MEA Fintech Digital Remittances Market Size | 2019-2032

MEA 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: FIN4459  | Publication: August 2024  |  US$745  |  

MEA Fintech Digital Remittances Market Growth and Performance


  • The fintech digital remittances market size in MEA increased to US$ 4.83 Billion in 2023, with a year-on-year growth rate of 16.8%.
  • By the end of 2032, the Middle East & Africa fintech digital remittances market is on track to achieve US$ 31.92 Billion, with a forecasted Compound Annual Growth Rate (CAGR) of 24.3% throughout the forecast period.
  • The bank transfer segment is estimated to hold the largest market share of 54.6% and be valued at US$ 17.42 Billion in 2032.
  • In 2032, 39.6% of the total spending in the Middle East & Africa fintech digital remittances market is forecasted to come from Saudi Arabia.

MEA 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

 

MEA Fintech Digital Remittances Industry: Country Coverage

 

Countries

MEA

Israel

South Africa

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Bahrain

Nigeria

Kenya

Turkey

Rest of MEA

 

For Enquiry