PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1708946
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1708946
Global Money Transfer App Market is estimated to be valued at USD 23.88 Bn in 2025 and is expected to reach USD 78.40 Bn by 2032, growing at a compound annual growth rate (CAGR) of 18.5% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 23.88 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 18.50% | 2032 Value Projection: | USD 78.40 Bn |
Global money transfer app market growth is driven by growing adoption of smartphones and high-speed internet connectivity across the globe. Mobile apps offer swift, convenient and cost-effective money transfer facilities for both personal and commercial use. These enable users to send and receive funds digitally from any location in just a few taps, thus, eliminating the need to visit money transfer agents or banks. Various international and domestic money transfer apps have also facilitated cross-border transactions, thus, boosting trade and commerce. Due to continued expansion of internet infrastructure and financial inclusion drives worldwide, the money transfer app market can witness growth in the near future.
Global money transfer app market growth is driven by factors like rapid urbanization, rising smartphone penetration, growth of freelance economy, expanding migrant workforce and increasing digitization of financial services. However, cybersecurity threats pertaining to financial data theft and lack of trust in digital-only platforms continue can hamper the market growth. Block chain-powered remittance services and central bank digital currencies can offer significant growth opportunities. Partnerships between money transfer apps and enterprises can also offer growth opportunities.