Research Methodology – Digital Money Transfer and Remittance Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Digital Money Transfer and Remittance Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Digital Money Transfer and Remittance Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors considered while calculating market size and share
- Market segmentation: The division of the market into different types like banks, money transfer operators, and online platforms.
- Existing competition: The number and size of companies already established in this market.
- Global penetration rates: Percentage of the global population using digital money transfer and remittance services.
- Regional target markets: The size and economic condition of specific regions where the services are available.
- Frequency and volume of transactions: Average volume and frequency of transactions per customer.
- Regulatory environment: The current and future guidelines on digital money transfer and remittance.
- Economic indicators: General economic situation, per capita income, and poverty index.
Key Market Indicators
- Annual Growth Rate: The percentage increase in the market's value or volume over every year.
- Market concentration: The distribution of market shares among leading companies.
- Customer behaviour: Adoption rates, spending habits, and preferences of consumers using digital money transfer services.
- Forecast Market Growth: Predictions of future market value or volume, often over 5-10 years.
- Tech Savvy Population: The percentage of the population well-versed with internet and technology tools.
- Cross-border remittance flow: The amount of money flowing between countries.
Growth Trends
- Increasing adoption of digital money transfer and remittance services due to the ongoing digital revolution.
- Growth of e-commerce: As more people engage in e-commerce activities, the demand for digital money transfer and remittance services increases.
- Increased use of mobile banking: Growing acceptance of mobile banking services among the population.
- Technological advancements: Utilizing advanced technology like blockchain and AI to simplify remittance processes.
- Regulatory support: Positive policy changes promoting the growth of remittance services.
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Digital Money Transfer and Remittance Market. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Digital Money Transfer and Remittance Market
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Available for purchase with detailed segment data, forecasts, and regional insights.
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