Aug 26, 2020 12:50 AM ET

iCrowd Newswire – Aug 26, 2020

Covid-19 Impact Update – Global Online Money Transfer Software Market Research Industry

Analysts at AMA constantly monitor the industry impacts of current events in real-time – here is an update of how this industry is likely to be impacted as a result of the global COVID-19 pandemic:

The latest Research Study on Online Money Transfer Software Market published by AMA offers a detailed overview of the factors influencing the global business scope. Online Money Transfer Software Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors, Challenges, and Current Scenario Analysis of the Online Money Transfer Software. Demand from top-notch companies and government agencies is expected to rise as they seek more information on COVID-19. Check the Demand Determinants section for more information.

Online money transfer software allows the user to transfer money to a beneficiary account by using methods such as IMPS and NEFT method. To transfer the amount, the user has to enter details like IFSC code, account number, and amount. By using this software, the user can send money to any bank. Another benefit is that the transaction is secured with multiple levels of authentications, and no hidden charges are applied. These benefits of simplified fund transfer are gaining popularity which is fueling the market growth.

Players Includes:

Transfer wise (United Kingdom), Remitly (United States), Money transfer system (United States), HBS technology (United Kingdom), Vayupay (India), Azimo (United Kingdom), Money control (United Kingdom), Xoom Corporation (United States), Omega software (India) and Skypoint India E Services Pvt Ltd (India)

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Keep yourself up-to-date with the latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunities in Digital Asset Management Market various segments and emerging territory. Market size by Revenue is expected to grow xx% in 2020 alone as demand is anticipated to be moderately affected by the outbreak of COVID-19. The downstream companies contend with restricted profit from falling consumer confidence, demand for industry products is expected to slow.

The Global IoT in Education Market segments and Market Data Break Down are illuminated below:

Platform (Windows, Linux, Android, IoS), Pricing (Monthly, Annually, One-time license), Deployment (Cloud, On-premise), Features (Bank money transfer, Compliance, Security, Reporting, User management, Accuracy, User-friendly interface, Others)

Analysts at AMA have conducted a special survey and have connected with opinion leaders and industry experts from the various regions to minutely understand the impact on growth as well as local reforms to fight the situation. A special chapter in the study presents Impact Analysis of COVID-19 on Online Money Transfer Software Market along with tables and graphs related to various countries and segments showcasing impact on growth trends.

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.

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Market Drivers

  • Benefits Such as Quick Transfer, Time Saving and Easy to Use is fueling the Market
  • Increasing Internet Penetration across the Globe

Market Trend

  • Inclination of Consumers towards Digital Payment
  • Technological Advancements for Online Money Transfer


  • Increasing Security Risks May Hamper the Market


  • Government Initiatives for Digitization in Developing Economies
  • Increasing Usage of Money Transfer Software by B2B Customers and Financial Professionals


  • Changing Government Regulations

Table of Content: Covid-19 Impact On Online Money Transfer Software Market:

  1. Study Scope

1.1      Online Money Transfer Software Market Competition by Manufacturers (Market Share, Y-o-Y Growth, Market Revenue, Rank)

1.2      Market Concentration

1.3      Comparative Market Share Analysis (Leaders and Emerging Players) [2018-2019]

1.2 Online Money Transfer Software Market Characteristics

1.3 Online Money Transfer Software Market Scenario by Region

1.4      Online Money Transfer Software Market Segmentation

1.4.1   Online Money Transfer Software Historic Market Analysis by Type

1.4.2   Online Money Transfer Software Historic Market Analysis by Application

1.4.3   Online Money Transfer Software Historic Market Analysis By ………….

       1.4.4.     Online Money Transfer Software Historic Market Analysis by ………….


  1. Market Company Profiles

2.1 Overview

2.2 Production & Services (2018-2025)

2.3 Financial Performance (2018-2025)

2.4 Strategy

  1. Future & Forecast Data
  2. Market Opportunities, Challenges, Risks and Influences Factors Analysis (2019-2025)
  3. Online Money Transfer Software Manufacturing Cost Analysis
  4. Online Money Transfer Software Value Chain and Sales Channels Analysis
  5. Online Money Transfer Software Marketing Channel, Distributors and Customers; Post COVID Analysis…
  6. Online Money Transfer Software Value Chain and Sales Channels Analysis (2018-2025)
  7. Online Money Transfer Software Research Finding and Conclusion
  8. Online Money Transfer Software Methodology and Data Source

Finally, Online Money Transfer Software Market is a valuable source of guidance for individuals and companies in their decision framework.

Data Sources & Methodology

The primary sources involve the industry experts from the Online Money Transfer Software Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company’s Annual reports, Press Releases, Websites, Investor presentations, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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What benefits does AMA research studies provides?

  • Supporting company financial and cash flow planning
  • Latest industry influencing trends and development scenario
  • Open up New Markets
  • To Seize powerful market opportunities
  • Key decision in planning and to further expand market share
  • Identify Key Business Segments, Market proposition & Gap Analysis
  • Assisting in allocating marketing investments

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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