Quarterly market share of outgoing digital remittances in the U.S. 2016-2023
The share of digital remittances leaving the United States was slightly higher in 2023 than in previous years, taking up the majority of money transfers. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going away from the United States. The three countries the U.S. sends the highest value of remittances include Mexico, India, and Guatemala. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.