Juniper Research: Digital Money Transfer Market: Huawei And Visa Revealed As Leaders In New Competitor Leaderboard
Juniper Research's most recent study on digital money transfers and remittances shows a significant increase in transaction value. The study projects a 41% surge over the next four years, reaching $4.5 trillion in 2028. This growth is mainly due to the rise of digital money transfer solutions in developing regions and the rapid adoption of instant payments in developed markets like the EU.
The report, titled "Global Money Transfer & Remittances Market 2024-2028," delves deeper into this trend, highlighting the importance of digital platforms and instant payments. It also introduces the Competitor Leaderboard, ranking the top 15 digital money transfer platforms based on various criteria. Leading vendors for 2024 include Huawei, Visa, Mastercard, Comviva, and PayPal, praised for their innovative solutions.
To stay ahead, vendors need to focus on developing Payment-as-a-Service (PaaS) solutions with robust API offerings for seamless integration into superapps and other services.
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