Philippines Fintech Digital Remittances Market Size | 2019-2032

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

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: FIN4487  | Publication: August 2024  |  US$925  |  

Philippines Fintech Digital Remittances Market Growth and Performance


  • Revenue in the Philippines fintech digital remittances market is projected to amount to US$ 2.17 Billion by 2032. The market is anticipated to grow at a CAGR of 14.2% from 2024 to 2032.
  • By transfer channel, the leading segment is projected to be the bank transfer with a market value of US$ 1.13 Billion in 2032.
  • In the Philippines fintech digital remittances market, 22.4% of total revenue will be contributed by the BFSI end user by 2032.
  • The healthcare sector is projected to emerge as fastest growing segment with 17.2% CAGR, in terms of revenue generation during the forecast period.

Philippines 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

 

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