South Africa Domestic and International Remittance Market Outlook 2013 to 2023 - By Channels Used & Remittance Corridors - ResearchAndMarkets.com

DUBLIN--()--The "South Africa Domestic and International Remittance Market Outlook to 2023 - By Channels Used (Banking Channels, Retailers, ADLAs & MTOs and Others), Remittance Corridors (Inbound-Outbound and Rural-Urban)" report has been added to ResearchAndMarkets.com's offering.

This report provides a comprehensive analysis of South Africa's Remittance Market including market evolution, overview, genesis, market size and market segmentation. Extensive focus has been placed in quantifying the transaction value and volume over the period, 2013-2023. The report covers aspects such as market segmentation and an extensive snapshot on the bill payment market in South Africa.

The report has covered the international and domestic space exclusively focusing on over the year's computation & interpretation of change in volume, value and average ticket size of transactions in the country. Income earned & change in commission charged has been scrutinized well followed by explicit analyst explanations.

The report is useful for existing remittance companies, potential entrants, investors and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Market Overview

South Africa domestic and international remittance market is concentrated and in the growth stage. The market includes both formal and informal payment service providers including banks, money transfer operators, ADLAs, retailers and mobile wallets.

South Africa International Remittance Market

  • Market Size: South Africa international remittance market recorded a CAGR of close to -1% in terms of average transaction size and close to -2% in terms of volume & value of transaction during 2013-2018.
  • By Channel: International remittance market was led by banks and MTOs & ADLAs showcasing a CAGR close to -7% and 10% respectively during 2013-2018.
  • By Corridors: Inbound remittance flow corridors are dominated by United Kingdom followed by New Zealand, Australia and Angola respectively. Other countries namely, Canada, United States and Botswana witnessed exhibiting small share close to 15%.
  • Competition Stage and Positioning: The international market is moderately concentrated with majority of the market being captured by MTOs & ADLAs and banks in 2018. There are 4 major banks namely ABSA Bank, Capitec Bank, Standard Bank and Bidvest Bank which have been active in the space.
  • Future Projections: The market is expected to showcase a CAGR close to 6% and -4% by value and volume of transactions during 2018-2023. In terms of average transaction size the market is expected to register a CAGR close to 3% during the same.
  • Market Size: South Africa domestic remittance market recorded a CAGR of close to 3% in terms of average transaction size and close to 6% & 3% in terms of transaction value and volume during 2013-2018 respectively.
  • By Channel: Domestic remittance market was led by banks with highest market share showcasing a CAGR close to 15% during 2016-2018. Retailers followed by Mobile wallet companies acquired the second and third highest share in the base year.
  • By Corridors: Highest amount of money has been remitted between urban to rural in 2018. This has been followed by Urban to urban channel with Rural to Urban having a minor share.
  • Competition Stage and Positioning: The domestic market is highly concentrated by number of remittance transactions with majority share being captured by Capitec Bank, First National Bank, ABSA Bank, Bidvest and Mukuru in 2018 in terms of value of transactions.

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. South Africa Remittance Market Overview

4. South Africa Remittance Market Evolution, 1980'S-2013

5. South Africa Remittance Market Ecosystem, 2018

6. South Africa Remittance Market Value Chain Analysis, 2018

7. South Africa Remittance Market Major Operating Models, 2018

8. South Africa International Remittance Market, 2013-2023

8.1. Market Size on the Basis of Value of Remittance Transfers, Average Transaction Size and Volume of Transactions, 2013-2018

8.2. South Africa International Remittance Market Segmentation, 2013-2018

8.3. South Africa International Remittance Market Future Outlook, 2019E-2023E

9. South Africa Domestic Remittance Market, 2013-2023

9.1. Market Size on the Basis of Value of Remittance, Average Transaction Size, Volume of Transaction, Commission Charged and Income Earned, 2013-2018

9.2. Market Segmentation By Channel Used in Remittance, Corridors and Income Level, 2018

9.3. South Africa Domestic Remittance Market Future Market Outlook, 2019E-2025E

10. Government Regulations

10.1. South Africa Reserve Bank

10.2. Exchange Control

10.3. Anti Money Laundering (AML)

10.4. Immigration Regulation

10.5. Documentation

11. Snapshot On South Africa Bill Payment Market, 2013-2018

11.1. Market Ecosystem, 2018

11.2. Market Overview, 2018

11.3. Government Regulations

11.4. Major Players

11.5. Analyst Recommendations

12. South Africa Remittance Market Customer Profiling, 2018

13. South Africa Industry Swot Analysis, 2018

14. Competitive Landscape of Major Players In South Africa Remittance Market, 2018

14.1. Competition Scenario (Market Nature, Major Players, Market Positioning and Major Competing Parameters), 2018

14.2. Market Share of Major Players (International & Domestic Market), 2018

14.3. Strengths and Weaknesses of Major Players, 2018

15. Company Profiling of Major Players

15.1. ABSA Bank Limited

15.2. Standard Bank

15.3. Bidvest Bank (BVBL)

15.4. Capitec Bank

15.5. Shoprite

15.6. PEP Stores

15.7. Pick n Pay

15.8. SPAR

15.9. Western Union

15.10. Money Gram

15.11. Hello Paisa

15.12. Mama Money

15.13. Mukuru

15.14. Exchange4Free

16. Analyst Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/h1cpyc

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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