Product Code: ETC5380523 | 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 Bosnia and Herzegovina Digital Remittance Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 6.35% in 2025, climbs to a high of 6.91% in 2028, and moderates to 6.66% by 2029.
In the Europe region, the Digital Remittance market in Bosnia and Herzegovina is projected to expand at a growing growth rate of 6.83% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.
The digital remittance market in Bosnia and Herzegovina is expanding as digital payment solutions gain popularity for international money transfers. Digital remittance services offer convenience, speed, and lower transaction costs compared to traditional methods. The increasing number of expatriates and migrant workers in Bosnia and Herzegovina, coupled with advancements in mobile and online banking technologies, are driving the demand for digital remittance services. Additionally, the rise in financial inclusion and the growth of cross-border trade are contributing to market growth.
The digital remittance market in Bosnia and Herzegovina is growing due to the increasing adoption of digital payment solutions for cross-border money transfers. The convenience, speed, and lower costs associated with digital remittance services drive consumer preference. Additionally, the rise in international migration and the need for efficient remittance solutions contribute to market expansion.
In the digital remittance market in Bosnia and Herzegovina, challenges include regulatory hurdles and the need to ensure secure and efficient transactions. There may also be competition from traditional remittance methods and issues related to the accessibility and affordability of digital remittance services for all segments of the population.
The digital remittance market in Bosnia and Herzegovina is shaped by policies related to financial regulations and cross-border transactions. The government aims to facilitate secure and efficient digital remittance services while ensuring compliance with anti-money laundering and financial security regulations. Policies also support the development of digital financial services to enhance accessibility and convenience for users.
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 Bosnia and Herzegovina Digital Remittance Market Overview |
3.1 Bosnia and Herzegovina Country Macro Economic Indicators |
3.2 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, 2021 & 2031F |
3.3 Bosnia and Herzegovina Digital Remittance Market - Industry Life Cycle |
3.4 Bosnia and Herzegovina Digital Remittance Market - Porter's Five Forces |
3.5 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume Share, By Channel, 2021 & 2031F |
3.7 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Bosnia and Herzegovina Digital Remittance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bosnia and Herzegovina Digital Remittance Market Trends |
6 Bosnia and Herzegovina Digital Remittance Market Segmentations |
6.1 Bosnia and Herzegovina Digital Remittance Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, By Inward Digital Remittance, 2021-2031F |
6.1.3 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, By Outward Digital Remittance, 2021-2031F |
6.2 Bosnia and Herzegovina Digital Remittance Market, By Channel |
6.2.1 Overview and Analysis |
6.2.2 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, By Banks, 2021-2031F |
6.2.3 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, By Money Transfer Operators, 2021-2031F |
6.2.4 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, By Online Platforms, 2021-2031F |
6.2.5 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, By Others, 2021-2031F |
6.3 Bosnia and Herzegovina Digital Remittance Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, By Migrant Labor Workforce, 2021-2031F |
6.3.3 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, By Personal, 2021-2031F |
6.3.4 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, By Small Businesses, 2021-2031F |
6.3.5 Bosnia and Herzegovina Digital Remittance Market Revenues & Volume, By Others, 2021-2031F |
7 Bosnia and Herzegovina Digital Remittance Market Import-Export Trade Statistics |
7.1 Bosnia and Herzegovina Digital Remittance Market Export to Major Countries |
7.2 Bosnia and Herzegovina Digital Remittance Market Imports from Major Countries |
8 Bosnia and Herzegovina Digital Remittance Market Key Performance Indicators |
9 Bosnia and Herzegovina Digital Remittance Market - Opportunity Assessment |
9.1 Bosnia and Herzegovina Digital Remittance Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bosnia and Herzegovina Digital Remittance Market Opportunity Assessment, By Channel, 2021 & 2031F |
9.3 Bosnia and Herzegovina Digital Remittance Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Bosnia and Herzegovina Digital Remittance Market - Competitive Landscape |
10.1 Bosnia and Herzegovina Digital Remittance Market Revenue Share, By Companies, 2024 |
10.2 Bosnia and Herzegovina Digital Remittance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |