Payments

South and South East Asia Remittance Market Outlook – A Research Report

Focus on India, Bangladesh, Indonesia, Philippines, Thailand and Vietnam

The global remittance market is estimated at $582 billion in 2014. A major portion of the global remittances (Inward and Outward) is contributed by countries in South and SE Asia.

India, Philippines, Bangladesh and Vietnam are among the top 10 remittance earning countries in the world. Indonesia and Thailand are among the top 5 remittance receiving countries in South East Asia.

Every year a significant portion of the labor force from all these countries migrates to Gulf countries and the Americas. Gulf countries in the Middle East region have around 15 million migrant workers; more than 70% is contributed by these countries.

Remittance projections

  • Inward remittance in India is expected to reach $89,329 million by 2019 whereas outward remittance from India is expected to touch $10,001 million by 2019.
  • Inward remittance in Bangladesh is expected to grow at a CAGR of 6.9% in the next five years.
  • Inward and Outward remittance market in Indonesia is estimated to grow at a CAGR of 8.8%.
  • Inward and Outward remittance market in Philippines is estimated to grow at a CAGR of 7.3%.
  • Inward and Outward remittance market in Thailand is estimated to grow at a CAGR of 8.5%.
  • Inward and Outward Remittance market in Vietnam is expected to grow at a CAGR of 8.6% in the next five years.

LTP, along with Knowledgefaber, is publishing a report on the South and South East Asia Remittance Market which will find answers to the following questions:

  • How is the remittance landscape changing in South and SE Asia?
  • How would Nitaqat laws implemented by Saudi Arabia and Emiratisation by UAE affect the labor and remittance industry in the region?
  • Is it easy for companies to conduct remittance business in South and SE Asia? Do they need to partner with any financial institutions?
  • What are the major channels of remittance from these countries?
  • Is mobile remittance the future?
  • What are the critical success factors for remittance businesses in these regions?

Remittance Market in India

                                                                                                 SAMPLE CHARTS

Formal Inward remittance by Countries (Sample)

Detailed contents:

SE Asia Remittance Report

South and South East Asia Remittance market Outlook A Research Report

Focus on India, Bangladesh, Indonesia, Philippines, Thailand and Vietnam

  1. Macroeconomic indicators
  2. Labor migration
  3. Category-wise overseas employment in these countries
  4. Overseas employment by nationalities
  5. Reasons for migration
  6. Opportunities for labor migration
  7. Overview of remittance industry
  8. Remittance regulations in these countries
  9. Characteristics of remittance industry in these countries
  10. Drivers and inhibitors of remittance
  11. Remittance market Size – India, Bangladesh, Indonesia, Philippines, Thailand and Vietnam (2014)
  12. Remittance projections – Inward and Outward (2014 – 2019)
  13. Remittances received and sent by countries
  14. Market share by players
  15. Market share by channels
  16. Cost of sending remittances from these countries through least costly corridors
  17. Emerging trends in the remittance business
  18. Critical success factors for remittance business in South and SE Asia

SE Asia Remittance Report

Ray

Ray has keen interest in the area of devices, OS and wireless technologies. He is a Mobile Technology enthusiast and believes that Mobility is going to completely change the way we do Payments and Commerce. He wishes to share this belief with the world by providing such content through LetsTalkPayments. Ray has done his engineering as well as MBA.

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