Quarterly market share of outgoing remittance brands in Germany 2011-2023

Published by
Raynor de Best,
Mar 18, 2024

Small World was used the most for outgoing remittances from Germany in 2023, one of the few cases where Western Union, MoneyGram or Remitly were not leading. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going away from Germany. The three countries to which Germany sends the highest value of remittances are Poland, Czechia, and France. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.

Biggest brands for remittances in Germany from 1st quarter 2011 to 3rd quarter 2023, based on remittance outflow towards any other country

© Statista 2024
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Release date

January 2024

Region

Germany

Survey time period

September 2023

Special properties

Figures are based on the remittance channels that exist in a remittance sending and/or receiving country.

Supplementary notes

The figures provided have been calculated by Statista based off the Remittance Prices Worldwide from the World Bank and a methodology shared in a report from the OMFIF. This source reports the remittance channels that exist in a remittance sending and/or receiving country. The figures are shown are therefore not based off the number of remittances or the transaction value of remittances.

The World Bank launched a work group in 2023 to standardize remittance data in the future and better map out the topic. This includes an attempt at providing more detailed remittance flow information. The initial results of this work group are expected in the second half of 2024. More information can be found here.

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Market share

7

Penetration

8

Biggest brands

6

Users

7

Transaction value

6

Number of transactions

5

Miscellaneous

7

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