Product Code: ETC5380528 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Burundi Digital Remittance Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 13.89% in 2025, climbs to a high of 19.42% in 2028, and moderates to 18.75% by 2029.
By 2027, Burundi's Digital Remittance market is forecasted to achieve a exponential growth rate of 18.67%, with Egypt leading the Africa region, followed by South Africa, Ethiopia, Algeria and Nigeria.
The Digital Remittance Market in Burundi is growing rapidly, driven by the increasing use of mobile and online platforms for sending money across borders. Remittances are a critical source of income for many Burundian households, and digital channels offer a faster, cheaper, and more secure way to transfer funds. As internet penetration and smartphone usage rise in Burundi, the digital remittance market is expected to expand, providing greater financial inclusion and convenience for the population.
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The Burundi Digital Remittance Market is growing as digital platforms increasingly facilitate the transfer of money across borders, offering faster, cheaper, and more convenient alternatives to traditional remittance methods. Digital remittances are gaining popularity due to the rising penetration of smartphones and the internet, enabling easier access to financial services. The growing diaspora population and the need for reliable money transfer services are driving the market in Burundi.
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The digital remittance market in Burundi faces several challenges, including limited access to technology and internet connectivity necessary for digital remittance services. High transaction fees and the lack of local digital remittance infrastructure constrain market growth. Additionally, there is a lack of awareness and trust in digital remittance solutions among potential users. Regulatory hurdles and security concerns further complicate the development and expansion of digital remittance services in the country.
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The digital remittance market in Burundi is impacted by government policies that promote financial inclusion and the adoption of digital payment systems. The government supports the use of digital remittance platforms through regulations that ensure the security and transparency of transactions. Policies also encourage the development of digital financial services that cater to the needs of the diaspora and rural populations. These efforts are driving the growth of the digital remittance market as more Burundians gain access to secure and efficient money transfer services.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Burundi Digital Remittance Market Overview |
3.1 Burundi Country Macro Economic Indicators |
3.2 Burundi Digital Remittance Market Revenues & Volume, 2021 & 2031F |
3.3 Burundi Digital Remittance Market - Industry Life Cycle |
3.4 Burundi Digital Remittance Market - Porter's Five Forces |
3.5 Burundi Digital Remittance Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Burundi Digital Remittance Market Revenues & Volume Share, By Channel, 2021 & 2031F |
3.7 Burundi Digital Remittance Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Burundi Digital Remittance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Burundi Digital Remittance Market Trends |
6 Burundi Digital Remittance Market Segmentations |
6.1 Burundi Digital Remittance Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Burundi Digital Remittance Market Revenues & Volume, By Inward Digital Remittance, 2021-2031F |
6.1.3 Burundi Digital Remittance Market Revenues & Volume, By Outward Digital Remittance, 2021-2031F |
6.2 Burundi Digital Remittance Market, By Channel |
6.2.1 Overview and Analysis |
6.2.2 Burundi Digital Remittance Market Revenues & Volume, By Banks, 2021-2031F |
6.2.3 Burundi Digital Remittance Market Revenues & Volume, By Money Transfer Operators, 2021-2031F |
6.2.4 Burundi Digital Remittance Market Revenues & Volume, By Online Platforms, 2021-2031F |
6.2.5 Burundi Digital Remittance Market Revenues & Volume, By Others, 2021-2031F |
6.3 Burundi Digital Remittance Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Burundi Digital Remittance Market Revenues & Volume, By Migrant Labor Workforce, 2021-2031F |
6.3.3 Burundi Digital Remittance Market Revenues & Volume, By Personal, 2021-2031F |
6.3.4 Burundi Digital Remittance Market Revenues & Volume, By Small Businesses, 2021-2031F |
6.3.5 Burundi Digital Remittance Market Revenues & Volume, By Others, 2021-2031F |
7 Burundi Digital Remittance Market Import-Export Trade Statistics |
7.1 Burundi Digital Remittance Market Export to Major Countries |
7.2 Burundi Digital Remittance Market Imports from Major Countries |
8 Burundi Digital Remittance Market Key Performance Indicators |
9 Burundi Digital Remittance Market - Opportunity Assessment |
9.1 Burundi Digital Remittance Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Burundi Digital Remittance Market Opportunity Assessment, By Channel, 2021 & 2031F |
9.3 Burundi Digital Remittance Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Burundi Digital Remittance Market - Competitive Landscape |
10.1 Burundi Digital Remittance Market Revenue Share, By Companies, 2024 |
10.2 Burundi Digital Remittance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |