France Remittance Market Ecosystem
France Remittance Market is in the growing stage and is fragmented with the manifestation of small, medium and large corporations.
Key Market Findings:
- The France market is moderately concentrated with the majority of the market being captured by MTOs (Money Transfer Operators) & Banks
- In terms of volume of transactions, the inbound remittance is expected to register a CAGR close to ~%.
- France’s remittance corridor with Asia accounted for the highest share in the remittance market of the region in terms of the remittance transaction value.
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Increase in Migration: The market has been fostered by increasing migration, growing government support for fresh competitors, developed banking knowledge and positive growth awareness towards the digitalized remittance services in the space. In the coming years, the players would be increasing through the acquisitions, tie-ups between companies and acceptance of digital modes of money transfer and effective growth to the payout networks around and outside Europe.
Smartphone Penetration: The significant increment in the smartphone penetration, combined with growing amount of the digital-savvy consumers choosing for the digital remittances, is predicted to propel the market over the review duration. Additionally, the growing internet penetration has allowed the consumer to access the financial remittance services.
Introduction of Biometrics: The technology of biometrics is playing important role in the remittance market as this technology is considered highly effective and efficient because of unique process. In the recent trend, financial institutions across the globe is adopting this technology to authenticate customers accessing their facilities more effectively and significantly. This technology in banking and financial services can facilitate numerous offers to the solution by identifying the customers through their fingerprint scanning or retina scanning as these two things never be same or matched with another person.
Analysts at Ken Research in their latest publication “France Remittance Market Outlook to 2027F – By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors” provides a comprehensive analysis of France’s Remittance Market including market evolution, overview, genesis, market size and market segmentations. Extensive focus has been placed in quantifying the transaction value and volume. The report covers aspects such as market segmentation (by channels used and by top flow corridors) and a descriptive snapshot on the Bill Payments Market in France.
Key Segments Covered in the report: –
France Remittance Market
By Inbound Remittance Flow Corridor
On the Basis of Channels (Volume of Transactions)
- Banking channels
- MTOs
- M-Wallets
- Others
On the Basis of Inflow Countries (By Value of Transactions)
- Italy
- Poland
- Portugal
- Romania
- United Kingdom
- Other EU-28 Countries
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By Outbound Remittance Flow Corridor
On the Basis of Channels (Volume of Transactions)
- Banking channels
- MTOs
- M-Wallets
- Others
On the Basis of Outflow Countries (By Value of Transactions)
- Germany
- Spain
- France
- Italy
- United Kingdom
- Other EU-28 Countries
By Point of Contact (By Volume)
- Branch Pick-up
- Mobile Payment & Online Transactions
- Prepaid Cards
By Flow Corridors (By Volume)
- Asia
- North Africa
- South America
- Central & South Africa
- Non-EU Countries
- North America
- Central America
- Near & Middle East
- Oceania
Key Target Audience
- Banks
- Money Transfer Operators
- M-Wallet Companies
- Hawalas
- Convenience and Retail Stores
- Supermarket Chains
- Bills and Payments Companies
- Investors & Venture Capital Firms
- Government Bodies
Time Period Captured in the Report:
- Historical Period: 2017-2021
- Base Period: 2022
- Forecast Period: 2023-2027F
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Companies Covered:
- HSBC Bank
- Lloyds Bank
- BNP Paribas
- Barclays Plc
- Deutsche Bank
- Bank of China
- Credit Agricole
- BBVA Dinero Express
- Unicredit Banca
- Western Union
- Money Gram
- Ria Money Transfer
- Transferwise
- UAE Exchange
- World Remit
- Metro Remittance
- Azimo
- RemitGuru
- Xoom by Paypal
- Skrill
- Neteller
- Postbank
- La Poste and PosteItaliane
Key Topics Covered in the Report
Market Ecosystem
Market Overview
Market Size on the Basis of Transaction Value
Market Size on the Basis of Transaction Volume
Market Size on the Basis of Average Transaction Size
Market Segmentation by Remittance Channels (Volume of Transactions)
Outbound Remittance Market Segmentation by Remittance Channels (Volume of Transactions)
Inbound Remittance Market Segmentation by Remittance Receiving Countries (Value of Transactions)
Outbound Remittance Market Segmentation by Remittance Sending Countries (Value of Transactions)
Inbound Remittance Market Segmentation by Point of Contact (Volume of Transactions)
Market Segmentation by Top Flow Corridors (Value of Transactions)
Snapshots of France Payments Market
Regulatory Landscape in France Remittance Market
Decision-Making Process and Pain points in France Remittance Market
SWOT Analysis in France Remittance Market
Competition Scenario in France Remittance Market
Strengths and Weaknesses of Major Players in France Remittance Market
Company Profile of Major Players
Future Outlook and Projections
Analyst Recommendations
For More Insights On Market Intelligence, Refer To The Link Below: –
Future Outlook of France Remittance Market
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