Remittance Trends: Europe Leads, Asia & Pacific Challenges, India to Top Recipients by 2025
Remittance trends worldwide are shifting, with Europe maintaining its lead as the top sender, while Asia & Pacific and Europe vie for the top recipient spot. The UK, in particular, has seen significant flows to India and Romania. Meanwhile, remittance volumes have surged, projected to reach $1.1tn by 2025, with India expected to be the leading recipient in Asia.
The rise of digitisation and financial inclusion could potentially disrupt established remittance relationships in the long run. Market sizing datasets now cover a wide range of remittance segments, from individual to large corporate and institutional flows. Governments in the Asia & Pacific region are exploring competitive international payment systems to challenge Europe's dominance.
In Europe, intra-European remittances have grown due to the euro and systems like SEPA. Major European countries maintain large and growing remittance flows with both historical links and newer markets. Across the Atlantic, the US and Canada significantly contribute to the Americas' high remittance volumes.
Remittance flows are projected to reach $1.1tn by 2025, with India expected to be the leading recipient in Asia. Europe remains the top sender, while Asia & Pacific and Europe compete for the top recipient spot. As digitisation and financial inclusion grow, established remittance relationships may evolve. For detailed market size datasets, please get in touch.
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