Global Automatic Money Transfer Market Report 2021: Customer Inclination Towards Mobile Apps For Money Transfer – Forecast to 2026 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Global Automatic Transfer Money Market (2021-2026) by End User, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.

The global automatic funds transfer market is estimated to be worth USD 25.3 billion in 2021 and is projected to reach USD 37.69 billion by 2026, growing at a CAGR of 8.3%.

Market dynamics

The frequent movement of funds from a checking account to a savings account is often done through the automatic transfer money market. Factors increasing the growth of the market are setting up automatic transfers to pay bills is a convenient accounting device as they can be used for periodic equal payments, such as for finance or other loan expenses, l increasing customer preference for mobile funds transfer apps, and another widespread factor includes the use of these transfers for overdraft security.

Cybersecurity has become particularly critical among online filings to avoid making automated information susceptible to destruction or theft. This can happen in various forms, such as direct access attacks, contains bugs and viruses, backdoor attacks, and denial of service attacks. These are considered as market constraints.

Market segmentation

The global automatic funds transfer market is further segmented based on end-user and geography.

By end-user, the market is categorized as banks, NBFCs and individual customers. Among all, the banking segment is estimated to hold the highest market share during the forecast period.

Based on geography, North America is expected to dominate the market.

RECENT DEVELOPMENTS

  • Paytm launches NFC payments on smartphones for merchants.

  • NPCI is launching a new digital payment product for feature phones.

Company Profiles

Some of the companies covered in this report are Google Pay, HDFC Bank Ltd., JPMorgan Chase Bank, Money Transfer System, MOVERFOCUS, etc.

Report Highlights:

  • A comprehensive analysis of the market, including the parent industry

  • Important market dynamics and trends

  • Market segmentation

  • Historical, current and projected market size based on value and volume

  • Market shares and strategies of the main players

  • Recommendations for companies to strengthen their presence in the market

Main topics covered:

1 Description of the report

2 Research methodology

3 Executive summary

3.1 Presentation

3.2 Market Size and Segmentation

3.3 Market Outlook

4 market influencers

4.1 Drivers

4.1.1 Increasing digitization in the banking sector

4.1.2 Increase in bank loan approvals and investment services

4.1.3 Customer Inclination towards Mobile Apps for Money Transfer

4.2 Constraints

4.2.1 Growing Number of Security and Fraud Issues in the Industry

4.3 Opportunities

4.3.1 Increase in the number of savings accounts

4.3.2 Development of practical and user-friendly platforms

4.4 Challenges

4.4.1 Customer trust issues and acceptance in low-income countries

4.5 Trends

5 Market Analysis

5.1 Regulatory scenario

5.2 Porter’s Five Forces Analysis

5.3 Impact of COVID-19

5.4 Ansoff matrix analysis

6 Global Automatic Transfer Money Market, By End User

6.1 Presentation

6.2 Banks

6.3 NBFCs

6.4 Individual Customers

7 Global Automatic Transfer Money Market, By Geography

7.1 Presentation

8 Competitive Landscape

8.1 Competitive Quadrant

8.2 Market Share Analysis

8.3 Strategic Initiatives

9 company profiles

9.1 Artsyl RemittanceAction

9.2 Automatic Funds Transfer Services

9.3 Azimo

9.4 Bank of America Corporation

9.5 Canopus payment

9.6 Federal Digital Credit Union

9.7 FINSYNC

9.8 Google pays

9.9 HDFC Bank Ltd.

9.10 JPMorgan Chase Bank

9.11 Money Transfer System

9.12 MOVERFOCUS

9.13 mPayX – Money Transfer Software

9.14 NA by JPMorgan Chase & Co.

9.15 National Payments Corporation of India

9.16 One Mobikwik System Pvt Ltd

9.17 Pangea USA, LLC

9.18 Payment

9.19 Telephone payment

9.20 With discount

9.21 Skrill Limited

9.22 State Bank of India

9.23 Balance

9.24 PNC Financial Services Group, Inc.

9.25 TransferWise

9.26 Vayupay

For more information on this report, visit https://www.researchandmarkets.com/r/cio55b

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