APAC: digital remittances transaction by country

In 2022, Japan is expected to have the highest average transaction value per user of digital remittances in the Asia Pacific region with a value of approximately 76.17 thousand U.S. dollars. According to estimates of the Statista Digital Market Outlook, Indonesia and South Korea rank second and third with values of approximately 42.1 and 36.75 thousand U.S. dollars respectively per user.

Average transaction value of digital remittances in the Asia-Pacific region in 2022, by country (in thousand U.S. dollars)

Characteristic	Average transaction value in thousand U.S. dollars
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Supplementary notes

Digital Remittances are cross-border money transfers made over the internet by the migrant population. Remittances in general include fund transfers between residents and non-residents and earnings transfer from short-time workers from other countries to their country of origin. Remittances often occur on a regular basis and most of the user groups are not prone to switching their fund transfer provider often.

Legacy providers in this segment are banks, post offices and specialized money transfer services such as Western Union and MoneyGram. These services charge comparatively high fees, and the digital companies such as Transferwise, Worldremit and Remitly have won their share of the market by offering reduced transfer fees. This is possible due to optimizing the use of digital infrastructures to bypass much of the costs.

Funds that are transferred domestically are not included in the Digital Remittances segment.

All figures are estimates. A detailed methodology can be found in the Statista Market Outlook.

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