Brazil Domestic Remittance, Inbound and Outbound Remittance Brazil - Ken Research
by Ashish Kumar Market ResearcherThe report covers various aspects such as overall market size
of Brazil remittance market, international remittance market, domestic
remittance market and bill payment market; segmentation on the basis of inbound
& outbound international remittance, by major flow corridors (United
States, Japan, Germany and others), by mode of transfer (electronic and cash),
by channel (bank and non-bank), by bill payment methods (cash, credit/debit
card/e-wallet and electronic transfers), by types of payment (grocery bills,
utility bills, fuel bills, DTH & broadband bills and mobile recharge bills)
and by regions. The report also covers snapshot on global remittance market,
value chain analysis of Brazil remittance & bill payment market,
competitive scenario in the industry, SWOT analysis, trends & developments,
issues and challenges, regulatory scenario of Brazil remittance market. The
report also covers the competitive landscape of the industry and comprehensive
profile of leading players (WorldRemit, Western Union, TransferWise, MoneyGram,
RIA Money Transfer, XOOM Corporation, Currency Solutions and Small World)
operating in the market. The report concludes with future outlook and
projections of Brazil remittance market, major macroeconomic indicators and
upcoming trends affecting the market have also been highlighted in the report.
The report also serves competitive scenario for each market which exists in
remittance industry to get an in-depth understanding of remittance sector in
Brazil.
The market will witness increase in outflow of remittance
fund from Brazil to other countries owing to upcoming industrial sector and
entry of number of foreign players in Brazil.
Rising number of nuclear families due to internal migrations
will increase the usage of electricity, water, broadband, phones and other
utilities which will change the shape of remittance industry in upcoming years.
Brazil remittance market will witness growth in domestic
remittance in upcoming years with significant internal labor which will sustain
the money transfer business in the country. Brazil is expected to witness rise
in job opportunities and better wages in developed regions which will attract
residents from various cities to move to urban areas for work. In upcoming
years, Brazil will witness growth of young population which will migrate to
other regions for better education opportunities in both Brazil and foreign
countries, resulting in the increasing money transfer from home town to their
destination regions. The domestic remittance industry in future will be driven
majorly by digital money transfer business. The transaction fee for domestic
money transfer is very minimal and has greater speed which will majorly aid the
growth of domestic remittance market in Brazil. It is believed that companies
and banks will expand their network in coming future in order to be easily
accessible to the customers.
It is anticipated that international remittance in the
country will increase at a good pace with the economic growth and development
of Brazil. The rising Brazilian immigrants in foreign countries will result in
increase in number of transactions from other countries to Brazil. Major
countries that dominate in terms of international remittance include United
States, Japan, Germany and others. As majority of the remittance comes from US,
it is anticipated that new policies will be introduced by the administration
which might have a negative impact on the foreign inward remittances. With
majority of foreign workforce being in US, the dent in foreign remittances will
surely have a negative impact. Moreover, it is expected that growing
industrialization, entry of foreign players and growing working age population
of the country will drive market growth in upcoming years.
Number of immigrants in Brazil, total number of households in
Brazil, number of Brazilian immigrants worldwide and internet user population
in Brazil are some other key factors that may have positive impact on the
market, according to the Analyst at Ken Research.
Ken Research in its latest study, Brazil Remittance Market by Inbound and Outbound International
Remittance, by Mode of Transfer (Electronic and Cash), by Channel (Bank and
Non-Bank), by Bill Payment Methods (Cash, Credit/Debit Card/E-Wallet and
Electronic Transfers), by Types of Payment (Grocery Bills, Utility Bills, Fuel
Bills, DTH and Broadband Bills and Mobile Recharge Bills) and by Regions –
Outlook to 2022,
suggests that demand for remittance in the country will grow at a positive
growth rate owing to growing youth population and increasing prominence of
online payments in the country.
Key Topics Covered in
the Report
Money Transfer in Brazil
Brazil Remittance
Value Chain Analysis Brazil Remittance Market
Brazil Remittance Market Size
Brazil International Money Transfer Transactions
Major Players in Brazil Remittance Market
Money Transfer Companies in Brazil
Remittance Companies in Brazil
Major Money Transfer Operators Brazil
Unbanked Population Brazil
Non-Banking Operators Brazil
Competition Brazil Remittance Market
Brazil International Money Transfer
Brazil Domestic Remittance
Brazil Bill Payment Services
E-Wallets Market Brazil
Growth of Brazil Remittance Market
Market Share Leading Companies Brazil Remittance Market
Future of Brazil Remittance Market
Upcoming Trends In Brazil Remittance Market
International Immigrants Brazil
Inbound and Outbound Remittance Brazil
Western Union Brazil
Money Gram Competitors Brazil
Transfer Wise Transaction Volume
Internet User Population Brazil
Number of Brazilian Immigrants Worldwide
For more information on
the research report, refer to below link:
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Created on Feb 6th 2018 22:55. Viewed 664 times.