Remittance: Key trends on the $905 billion peer-to-peer cross-border market

For money transfers, experience is everything

Worldwide, one billion (one in eight of us) rely every year on remittance services and platforms. The payment volumes involved are vast. The World Bank estimates that global remittances increased by 4.6% to $905 billion in 2024 – from $865 billion in 2023.

Visa’s Money Travels: 2025 Digital Remittances Adoption Report surveyed 44,000 remitters across 20 countries and underscored that globally digital apps are firmly the preferred method for people to send and receive remittances. Thanks to their ease of use and security features, apps are the favoured way to send and receive payments in every country surveyed, with the overall indication that there will be an increase in sending remittance in the future.

The report unlocks insights into consumer remittance habits country by country, so you can discover which corridors offer the most growth potential. Understand the reasons consumers are sending and receiving remittances around the world, and how they view the safety and security benefits of digital transactions.

Money Travels 2025 is a must-read for any business leader who wants to stay at the forefront of trends and opportunities for growth in global remittances today.

Highlights of the report:

  • Digital app adoption continues: Globally, 67% of respondents prefer sending money to a bank account digitally using an app, and 40% send money digitally from physical locations, like banks.
  • User experience is driving digital migration: Consumers are drawn to the speed, efficiency, predictability, and transparency of digital experiences.
  • Security pros outweigh the fee waiver: While many countries cited the security and safety benefits of digital transactions, many have listed high fees associated with digital remittances as their top pain point.
  • Expect the unexpected: For most countries surveyed ‘unexpected need’ is the number one reason for sending money abroad, followed by investments.

To explore the opportunities in the global $905 billion remittance market, download Visa’s Money Travels: 2025 Digital Remittances Adoption Report today.

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