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The United States is currently the largest source of international remittances in the world, sending a total of $148 billion in 2017. [2] Mexico received the largest portion of these remittances, accounting for more than $30 billion USD. [3] making the U.S.-Mexico remittance corridor one of the largest in the world. [3]
Remitly is an American online remittance service based in Seattle, United States that offers international money transfers to over 170 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the Nasdaq exchange in September 2021.
Ria Money Transfer is a subsidiary of Euronet Worldwide, Inc., which specializes in money remittances. [2] [3] [4] Ria initiates transfers through a network of agents and company-owned stores located throughout North America, South America, Europe, Asia-Pacific, Africa, and online.
The global digital remittance market size was valued at USD 22.72 billion in 2023 and is projected to reach from USD 26.26 billion in 2024 to USD 83.74 billion by 2032, growing at a CAGR of 15.6% during the forecast period (2024–2032).
The company provides its services to individuals and businesses through a network of agents and financial institutions. In 2014, it was the second largest provider of money transfers in the world. [5] [6] [7] MoneyGram operates in more than 200 countries and territories with a global network of about 400,000 agent offices. [4]
JPMorgan Chase, the largest bank in North America. List of the largest banks in North America by total assets as of 2023. [1] Information from 2023 S&P Global Market Intelligence, and all of the largest banks on the continent are based in two countries - the United States and Canada. [2] [3] [4]
Xoom Corporation was founded in 2001 by Alan Braverman and Kevin Hartz, [1] with its headquarters in San Francisco, California. [2]In June 2010, Xoom was cited in a study by the Inter-American Dialogue of 79 remittance service providers, as having amongst the highest consumer satisfaction ratings.
What’s happening: The 200 largest publicly traded companies in the United States saw their combined net profits soar to $1.25 trillion in 2022, a gain of 63% from 2018.