Accelerating revenue for the remittance market

Explore how remittance companies can adapt to growing demands for faster, safer, and more affordable money transfers.

By addressing the intricacies of global payment systems, offering versatile payment options, and providing instant payouts, this report provides top payment strategies that can drive innovation and growth in the remittance market.

The remittance report by Nuvei provides valuable insights into the dynamics of global money transfers and their impact on various industries. It delves into the factors driving the growth of remittance transactions, such as migration patterns, economic conditions, and technological advancements. By analyzing trends and challenges within the remittance market, the report offers strategic recommendations for businesses and financial institutions to optimize their remittance services.

Cross-border opportunity in remittance is valued at $1.2 trillion and global remittances totaled $800 billion in 2022, accounting for 15% of GDP in 25 low- and middle-income countries.

Furthermore, it explores the role of digital payment technologies in revolutionizing the remittance landscape, offering opportunities to enhance efficiency, reduce costs, and improve accessibility for remittance senders and recipients worldwide.

As businesses seek to capitalize on the growing remittance market, understanding and adapting to these trends becomes essential for driving innovation and growth in the global payments ecosystem.

Download to learn:

• How to offer fast and reliable payouts, and ways to make cross-border payments more accessible and cost-effective
• How to adapt to shifting customer preferences by offering a multitude of payment methods including mobile wallets
• How to grow your remittance business without compromising on payment security and compliance