by Felix Richter, Statista.com
— this post authored by Niall McCarthy
Dominated by Western Union, MoneyGram and Ria, the market for cross-border money transfers is absolutely enormous.
$583 billion was remitted globally last year. The United States accounted for the highest portion, approximately $131 billion. Saudi Arabia’s large migrant workforce saw it send $45 billion in remittances in 2014 while the UAE remitted $29 billion.
This chart shows the top 10 remittance-sending countries in 2014.
You will find more statistics at Statista
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