Product Code: ETC5380550 | 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 Finland Digital Remittance Market is projected to witness mixed growth rate patterns during 2025 to 2029. Although the growth rate starts strong at 3.14% in 2025, it steadily loses momentum, ending at 1.55% by 2029.
By 2027, Finland's Digital Remittance market is forecasted to achieve a stable growth rate of 1.57%, with Germany leading the Europe region, followed by United Kingdom, France, Italy and Russia.
Finland`s digital remittance market has been growing rapidly due to the increasing number of international migrants and the demand for faster, cheaper, and more secure ways to send money across borders. Digital remittance services, which allow individuals to transfer funds via mobile apps and online platforms, are becoming more popular as they offer convenience and lower transaction fees compared to traditional banking methods. The adoption of fintech solutions and the growing preference for digital payments are key factors driving this market.
The increasing demand for cross-border payments and the need for more efficient remittance services are driving the digital remittance market in Finland. As global migration increases, digital remittance platforms offer faster, secure, and cost-effective solutions for sending money abroad.
The digital remittance market in Finland faces challenges related to competition from traditional money transfer services and other digital platforms offering lower fees or faster transactions. While the market is growing with increased demand for international money transfers, there are concerns around fraud, regulatory compliance, and the need to ensure financial inclusion for underserved populations.
Regulatory frameworks in Finland focus on secure and transparent cross-border transactions, ensuring consumer protection in the digital remittance market. Policies also foster innovation by enabling fintech startups to compete in the financial services ecosystem.
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 Finland Digital Remittance Market Overview |
3.1 Finland Country Macro Economic Indicators |
3.2 Finland Digital Remittance Market Revenues & Volume, 2021 & 2031F |
3.3 Finland Digital Remittance Market - Industry Life Cycle |
3.4 Finland Digital Remittance Market - Porter's Five Forces |
3.5 Finland Digital Remittance Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Finland Digital Remittance Market Revenues & Volume Share, By Channel, 2021 & 2031F |
3.7 Finland Digital Remittance Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Finland Digital Remittance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Finland Digital Remittance Market Trends |
6 Finland Digital Remittance Market Segmentations |
6.1 Finland Digital Remittance Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Finland Digital Remittance Market Revenues & Volume, By Inward Digital Remittance, 2021-2031F |
6.1.3 Finland Digital Remittance Market Revenues & Volume, By Outward Digital Remittance, 2021-2031F |
6.2 Finland Digital Remittance Market, By Channel |
6.2.1 Overview and Analysis |
6.2.2 Finland Digital Remittance Market Revenues & Volume, By Banks, 2021-2031F |
6.2.3 Finland Digital Remittance Market Revenues & Volume, By Money Transfer Operators, 2021-2031F |
6.2.4 Finland Digital Remittance Market Revenues & Volume, By Online Platforms, 2021-2031F |
6.2.5 Finland Digital Remittance Market Revenues & Volume, By Others, 2021-2031F |
6.3 Finland Digital Remittance Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 Finland Digital Remittance Market Revenues & Volume, By Migrant Labor Workforce, 2021-2031F |
6.3.3 Finland Digital Remittance Market Revenues & Volume, By Personal, 2021-2031F |
6.3.4 Finland Digital Remittance Market Revenues & Volume, By Small Businesses, 2021-2031F |
6.3.5 Finland Digital Remittance Market Revenues & Volume, By Others, 2021-2031F |
7 Finland Digital Remittance Market Import-Export Trade Statistics |
7.1 Finland Digital Remittance Market Export to Major Countries |
7.2 Finland Digital Remittance Market Imports from Major Countries |
8 Finland Digital Remittance Market Key Performance Indicators |
9 Finland Digital Remittance Market - Opportunity Assessment |
9.1 Finland Digital Remittance Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Finland Digital Remittance Market Opportunity Assessment, By Channel, 2021 & 2031F |
9.3 Finland Digital Remittance Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Finland Digital Remittance Market - Competitive Landscape |
10.1 Finland Digital Remittance Market Revenue Share, By Companies, 2024 |
10.2 Finland Digital Remittance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |