Wire Stories

Malaysia International Remittance Market Analysis Reveals Growth in Inbound and Outbound Transfers – Forecast to 2028 – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Malaysia 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 landscape in Malaysia has shown significant propensity for growth, as evidenced in the latest in-depth market analysis report. This comprehensive study presents the latest data on transaction values, volumes, and user demographics, aiming to offer valuable insights into the advancements within the Malaysian remittance arena.

This analysis delves deeply into the factors that are contributing to the growth of both inbound and outbound international remittances in Malaysia. Significant findings underscore that the inbound remittance market has witnessed a growth rate of 2.9% during 2022, reaching a transaction value of US$1.63 billion in 2023. Furthermore, the outbound remittance market has similarly experienced a growth rate of 2.1% within the same period, achieving a transaction value of US$8.94 billion in 2023.

Key Insights and Market Opportunities

  • Detailed examination of inbound and outbound market opportunities by transaction value and volume.
  • Insight into average value per transaction and distribution by channels.
  • Analysis of consumer demographics including sender and beneficiary occupation, income levels, and remittance purposes.

Market Trend Analysis

  • Projection of steady growth in both markets with inbound reaching US$1.84 billion and outbound approaching US$9.72 billion by 2028.
  • Evaluation of digital, mobile, and non-digital remittance service preferences and their market shares.

The report elucidates on current trends and provides an overview of the competitive landscape, furnishing stakeholders with actionable data and insights to inform decision-making processes. The analysis of consumer profiles offers a granular look at the demographics fueling this sector, underpinning tailored strategies for businesses targeting this robust financial remittance market.

Trend Toward Digital and Mobile Channels

The transition towards digital and mobile remittance solutions marks a salient trend within the market, impacted by technological innovation and consumer adoption patterns. As Malaysia continues to forge its path as a digitally-oriented economy, these channels signify critical areas for potential investment and strategic development.

The data presented in this report is invaluable for businesses and investors who are keen on tapping into the international remittance market in Malaysia. With growth forecasts extending to 2028, it provides a foundational roadmap for navigating the economic and regulatory dynamics influencing the sector.

This report is pivotal for stakeholders seeking a solid understanding of the evolving remittance market trends, and strategic positions that businesses can leverage for growth. These insights will help firms to anticipate market demands, and structure their operational frameworks in alignment with consumer and technological shifts.

The latest analysis showcases the potential of Malaysia's international remittance market and presents substantial opportunities for entities looking to partake in this financial segment's continued expansion.

Key Attributes:

Report AttributeDetails
No. of Pages130
Forecast Period2023 - 2028
Estimated Market Value (USD) in 2023$1.6 Billion
Forecasted Market Value (USD) by 2028$1.8 Billion
Compound Annual Growth Rate2.4%
Regions CoveredMalaysia

For more information about this report visit https://www.researchandmarkets.com/r/tl0y20

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.



Laura Wood, Senior Press Manager

[email protected]

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

To Top