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Money Transfer Agencies in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Money Transfer Agencies Market Research Report | Advisory & Financial Services | Financial Intermediaries | 2016

Easy money: Strong growth in online money transfer platforms helps drive industry revenue

IBISWorld’s Money Transfer Agencies market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
OzForex Group OzForex Group market share
Industry Statistics & Market Size
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Annual Growth 11-16
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Annual Growth 16-21
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What is the Money Transfer Agencies industry?

The Money Transfer Agencies industry is in the growth phase of its life cycle. Industry value added, which measures an industry's contribution to the economy, is forecast to grow at an annualised 5.2% over the 10 years through 2021-22. This represents an outperformance of overall GDP, which is projected to grow at an annualised 2.6% over the same period, indicating the industry's contribution to the economy is increasing.

Increasing labour mobility and globalisation will underpin demand for money transfer services over the next five years. The number of migrants in Australia is increasing and this trend is expected to continue as the economy improves... purchase to read more


Industry ProductsRelated ReportsTable of Contents
Major products in this industry
In-store money transfer operationsOnline money transfer operations

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