MoneyGram, a global leader in the evolution of digital P2P payments, partnered with 8 Acre Perspective to conduct research among 1,000 U.S. consumers who transferred money abroad in the past year to explore trends in international remittances and future growth drivers in the global payments industry. Highlights include:
- International remittance is anticipated to increase, even in the face of economic pressures.
- Demand for digital capabilities remains high, with 85% reporting they’re primarily using digital methods to send money abroad.
- Millennials are expected to play a key role in the future growth of the global remittance market, as they are the most likely generation to increase their sends abroad.
This research has been cited in PR Newswire, LIFE&Health Advisor Magazine, Payments Cards & Mobile, and Quartz Creative among others.
Click to Read State of Remittances: U.S. Consumer Survey 2023
