Dublin, Dec. 15, 2023 /PRNewswire/ — The “South Africa International Remittance Market Business and Investment Opportunities – Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics – Q2 2023” report has been added to ResearchAndMarkets.com’s offering.
The South Africa international remittance market continues its upward trajectory.
The inbound remittance market within South Africa has seen a notable growth rate of 3.5% during 2022, reaching a significant transaction value of US$872.9 million in 2023. Projections indicate a steady compound annual growth rate (CAGR) of 2.7% from 2023 to 2028, with the potential to escalate the market value to US$999.5 million.
Similarly, the outbound remittance sector reflected growth of 3.1% over the same period, with 2023 figures soaring to US$ 1.01 billion. Anticipated future expansion is forecasted at a CAGR of 2.7%, potentially boosting the market size to US$ 1.15 billion by the year 2028.
Market Analysis and Consumer Demographic Data
The detailed report dissects the market through a variety of lenses, assisting stakeholders in understanding numerous facets of the remittance ecosystem. Key areas of focus include:
Market opportunity by transaction value and volume, both inbound and outbound
Consumer profile analytics, including age, income, and occupation of senders and beneficiaries
Detailed market shares of key players
Transaction channel analysis, comprising digital, mobile, and non-digital transfers
Country-to-state and state-to-country remittance flow dynamics
For professionals seeking to comprehend the competitive landscape, the report offers a broad view, encapsulating data on market share and operational strategy of key market entities.
Report Scope
International Inbound Market Opportunity Trend Analysis in South Africa
By Transaction Value
By Transaction Volume
By Average Value Per Transaction
Market Share of Key Players in South Africa
International Inbound Market Opportunity Trend Analysis by Channel in South Africa
Digital (transaction value, transaction volume, average value per transaction)
Mobile (transaction value, transaction volume, average value per transaction)
Non-Digital (transaction value, transaction volume, average value per transaction)
International Inbound Remittance Analysis of Consumer Profile in South Africa
Analysis by age group of senders
Analysis by income of senders
Analysis by occupation of senders
Analysis by occupation of beneficiaries
Analysis by purpose
International Inbound Remittance Flow Analysis (Country to State/Region) in South Africa
Market opportunity by key sending countries (transaction value, transaction volume, average value per transaction)
Market share by transfer channel by key state/regions
International Outbound Market Opportunity Trend Analysis in South Africa
By Transaction Value
By Transaction Volume
By Average Value Per Transaction
International Outbound Market Opportunity Trend Analysis by Channel in South Africa
Digital (transaction value, transaction volume, average value per transaction)
Mobile (transaction value, transaction volume, average value per transaction)
Non-Digital (transaction value, transaction volume, average value per transaction)
International Outbound Remittance Analysis of Consumer Profile in South Africa
Analysis by age group of senders
Analysis by income of sender
Analysis by occupation of sender
Analysis by occupation of beneficiaries
Analysis by purpose
International Outbound Remittance Flow Analysis (State/Region to Country) in South Africa
Market opportunity by key sending countries (transaction value, transaction volume, average value per transaction)
Market share by transfer channel by key state/regions
As the international remittance industry adjusts to global economic shifts, this report’s insights into the South African market are more critical than ever for maintaining an edge in this competitive sector.
For more information about this report visit https://www.researchandmarkets.com/r/eyye7d
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