Bangladesh Remittance Markets See Double-Digit Growth, Digital Platforms Streamlining Transfers: Report
• Bangladesh's inbound remittance market grew 11.9% in 2023, reaching $23.63 billion in Q1 2024 and is forecast to grow at a 7.5% CAGR through 2028
• Outbound remittance market from Bangladesh grew 15.3% in 2023, hitting $178.3 million in 2024 with a 10.1% CAGR forecast through 2028
• Digital and mobile platforms have streamlined transfers, broadened accessibility and convenience
• In-depth consumer demographic analysis provides insights on age, income, occupation and purposes behind transfers
• Detailed remittance flow analysis illuminates directional movement of funds to and from specific states and regions