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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

The Money Transfer Agencies market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
OzForex Group OzForex Group market share
Industry Statistics & Market Size
Revenue
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Annual Growth 12-17
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Annual Growth 17-22
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Profit
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Employment
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Businesses
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What is the Money Transfer Agencies industry?

The Money Transfer Agencies industry exhibits medium barriers to entry. Industry entrants face several hurdles such as the application for a financial services licence. Industry operators are typically required to have a financial service licence to guarantee the authenticity of their services. Gaining a financial services licence is often a long and arduous process depending on the category and the extent of operations. Additionally, many industry operators are required to have several affiliated partners overseas and have substantial cash holdings offshore to facilitate fast money transfers. Potential entrants may find it difficult to establish these partnerships. The need for initial capital varies depending on the business model... 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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