Money Transfer Agencies in Australia - Market Research Report

Money Transfer Agencies industry trends (2014-2019)

poll Average industry growth 2014–2019: 163.4%

The Money Transfer Agencies industry has grown robustly over the past five years, largely due to the increasing globalisation and rising mobility of labour. Industry revenue is closely linked to the number of overseas workers employed in Australia, with many sending money back to their respective countries to support their families. The resilience of the Australian economy in relation to other developed economies and its skill shortages have made Australia an attractive place for overseas workers to seek employment. As a result, industry revenue is expected to increase at an annualised 5.3% over the five years through 2018-19, to reach $315.8 million. Industry revenue is anticipated to grow by 4.1% over the current year, driven by the rising uptake o...
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Money Transfer Agencies industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Money Transfer Agencies industry is anticipated to continue growing its revenue over the next five years, as more people become accustomed to online money transfer services. Industry revenue is forecast to grow at an annualised X.X% over the five years through XXX-XX, to reach $XX.X million. Several factors will underpin this growth, including the continued migration of workers to Australia and increasing global labour mobility. An anticipated decline in the national unemployment rate and a slight recovery in the strength of the Australian dollar over the next five years are projected to boost transaction volumes and drive industry revenue growth. Innovation in telecommunications technology and a growing middle class in developing countries will...
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Money Transfer Agencies industry statistics

  • business Number of Businesses: 456
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 1,455

Biggest companies in the Money Transfer Agencies industry

The companies holding the largest market share in the Money Transfer Agencies in Australia industry include OFX Group Limited.

  • pie_chart OFX Group Limited Market Share: x.x%
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What is Money Transfer Agencies industry?

Industry Definition

Industry firms act as third-party agents that facilitate money transfers and payments among parties in different locations. The industry excludes bank wire services and card-based services.

Industry Products and Services

  • In-store money transfer operations
  • Online money transfer operations
  • All Others

Industry Activities

  • In-store money transfer operations
  • Retail money transfer
  • Online money transfer

Market research report - table of contents

Industry Definition

Industry firms act as third-party agents that facilitate money transfers and payments among parties in different locations. The industry excludes bank wire services and card-based services.

Main Activities

  • In-store money transfer operations
  • Retail money transfer
  • Online money transfer

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

A large portion of workers holding work visas are sponsored by the Health Services subdivision. Higher demand from this subdivision requires more skilled ...
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Demand from health services
National unemployment rate
Net migration
Trade-weighted index

Current Performance

Working visas
Rise of online transfers
 Chart: Revenue Growth

Industry Outlook

Profitability and innovation
 Table: Money Transfer Agencies in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Money Transfer Agencies in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Consumers in Australia






Key Selling Industries

Custody, Trustee and Stock Exchange Services in Australia
National and Regional Commercial Banks in Australia
Financial Planning and Investment Advice in Australia
Computer and Software Retailing in Australia



Products & Services

The Money Transfer Agencies industry mainly deals with the transfer of money between two parties located in or outside Australia. These transfers can be s...
Consumers aged 26 to 40
Consumers aged 61 and older
Consumers aged 25 and under



Demand Determinants

Demand for money transferring services is dependent on several factors that revolve around broad economic trends such as inbound migration, travelling and...
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Major Markets

Consumers aged 26 to 40
Consumers aged 61 and older
Consumers aged 25 and under




 Chart: Major Market Segmentation for the Money Transfer Agencies in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Money Transfer Agencies industry exhibits a low level of market share concentration. The top four players in the industry account for less than 40% of...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Money Transfer Agencies in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Money Transfer Agencies in Australia - Market Research Report Industry

Industry Globalization

OFX Group Limited is an Australian publicly listed company that derives most of its revenue from money transfer services. The company began as an informat...
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OFX Group

 Table: OFX Group - financial performance

Capital Intensity

The Money Transfer Agencies industry exhibits a moderate level of capital intensity. For every dollar paid as wages, an estimated $0.13 is spent on capita...
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 Chart: Level of Capital Intensity for the Money Transfer Agencies in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Money Transfer Agencies in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Money Transfer Agencies industry?

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This report on Money Transfer Agencies in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Money Transfer Agencies in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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