Future Outlook of France Remittance Market: Ken Research

Sanjeev1 January 3, 2023 ·275 writeups ·joined Jan 2022

8 min read

Digital Remittance: Digital remittance is well-defined as one of the maximum powerful monetary solutions that can have the impending to cause positive advancement in the local and worldwide regions. The significant increment in smartphone penetration, deduction in the remittance cost and transfer duration, and growth in the implementation of banking and financial services combined with the growing amount of digital-savvy consumers choosing digital remittances is predicted to propel the market over the review duration.

Sustained Innovation on the Behalf of Banks: The continuous enlargement of remittances in recent past years has been encouraged by the sustained innovation on the behalf of banks, money transfer corporates, MTO’s and several other financial associations which deliver remittance services to overseas workers. Mainstream of money remittances received by the overseas households are directed through commercial banks and MTO’s.

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Increasing Payments through Mobile: The growth in the payment automation and digitalization is predicted to generate the growth opportunities for market over the review duration. Furthermore, growing amount of economic migrants traveling from the underdeveloped regions to developed economies in search of better work choices is anticipated to underwrite to market growth. Therefore, in the coming years, it is anticipated that the market of remittance will increase around the globe more progressively over the near future.

Surging Landscape of Blockchain Technology: The technologies is playing significant role in Asia Pacific remittance industry and its usage of technologies in this industry will lead to significant growth across the globe. The technology of Blockchain is very much prominent in this market as this eliminates the middle man leading to less time consumption and cost Effectiveness. With the help of this technology anyone can easily transfer the money from one country to another country without any hesitation without wasting much time.

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 channelsMTOsM-WalletsOthers

On the Basis of Inflow Countries (By Value of Transactions)

ItalyPolandPortugalRomaniaUnited KingdomOther EU-28 Countries

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By Outbound Remittance Flow Corridor

On the Basis of Channels (Volume of Transactions)

Banking channelsMTOsM-WalletsOthers

On the Basis of Outflow Countries (By Value of Transactions)

GermanySpainFranceItalyUnited KingdomOther EU-28 Countries

By Point of Contact (By Volume)

Branch Pick-upMobile Payment & Online TransactionsPrepaid Cards

By Flow Corridors (By Volume)

AsiaNorth AfricaSouth AmericaCentral & South AfricaNon-EU CountriesNorth AmericaCentral AmericaNear & Middle EastOceania

Key Target Audience

BanksMoney Transfer OperatorsM-Wallet CompaniesHawalasConvenience and Retail StoresSupermarket ChainsBills and Payments CompaniesInvestors & Venture Capital FirmsGovernment Bodies

Time Period Captured in the Report:

Historical Period: 2017-2021Base Period: 2022Forecast Period: 2023-2027F

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Companies Covered:

HSBC BankLloyds BankBNP ParibasBarclays PlcDeutsche BankBank of ChinaCredit AgricoleBBVA Dinero ExpressUnicredit BancaWestern UnionMoney GramRia Money TransferTransferwiseUAE ExchangeWorld RemitMetro RemittanceAzimoRemitGuruXoom by PaypalSkrillNetellerPostbankLa 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