International Remittance Market in Pakistan Sees Growth with Digital Transactions Gaining Momentum – 2023 Analysis Report – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Pakistan International Remittance Market Business and Investment Opportunities – Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics – Q2 2023” report has been added to ResearchAndMarkets.com’s offering.

The international remittance market has always been a barometer for economic connectivity and migrant welfare. Today, a comprehensive new analysis of the Pakistan international remittance market has been made available, offering a detailed view of current trends and future opportunities within inbound and outbound money transfers.

The research publication provides insights into the remittance market’s trajectory, with findings indicating a steady increase in Pakistan’s inbound remittances, touching US$ 29.87 billion in 2023. This growth is propelled by various factors including technological advancements, economic policies, and dynamic migration patterns. In parallel, Pakistan’s international outbound remittance market shows a robust expansion at 5.8% during 2022, with projections for continued progression.

Market Dynamics and Investment Opportunities

Digging deeper, the publication elucidates on transaction values, volumes, and average values per transaction. It covers both digital and non-digital channels and provides granular details on the consumer demographics shaping these flows, such as age, income, occupation, and the purpose behind the remittances.

Channel and Consumer Insights

Highlighting the shift towards digitalization, the study emphasizes the significant role that digital and mobile channels play in remittance transactions. This shift is defining new consumer behaviors and is opening up a landscape of opportunities for market players to innovate and capture value.

Strategic Advantage for Stakeholders

Stakeholders within the remittance sector, ranging from financial institutions to fintech companies, will find the report’s analysis invaluable for developing business strategies. The data-centric approach helps discern key trends, risks, and new market opportunities.

• Market trends and projections for future growth.
• Competitive landscape and market share of key players.
• Analysis of remittance flows by region and channel.
• Consumer profiles and behavior patterns.

By offering forecasts and actionable insights, the analysis empowers businesses and investors to make informed decisions and effectively plan for the years ahead. As remittance flows continue to be a critical element of Pakistan’s economy, this report serves as an essential tool for those aiming to keep a pulse on the market’s growth and leverage its potential.

For professionals involved in cross-border financial services, the comprehensive analysis presented in this report is poised to be a valuable resource, guiding strategic planning and operations in this dynamic sector.

With the market poised for continued expansion, now is an opportune moment for savvy players to gain a competitive edge in Pakistan’s thriving remittance sector. Those equipped with such insightful analysis are best positioned to capitalize on the burgeoning opportunities in this financial domain.

Key Attributes:

Report Attribute	Details
No. of Pages	130
Forecast Period	2023 – 2028
Estimated Market Value (USD) in 2023	$29.9 Billion
Forecasted Market Value (USD) by 2028	$33.4 Billion
Compound Annual Growth Rate	2.2%
Regions Covered	Pakistan

For more information about this report visit https://www.researchandmarkets.com/r/gu9uwg

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900