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Home » SoFi, MoneyGram and Paysafe Propel Crypto Powered Remittances Market Toward $68.6 Billion by 2029
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SoFi, MoneyGram and Paysafe Propel Crypto Powered Remittances Market Toward $68.6 Billion by 2029

By News RoomDecember 12, 20255 Mins Read
SoFi, MoneyGram and Paysafe Propel Crypto Powered Remittances Market Toward .6 Billion by 2029
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Dublin, Dec. 12, 2025 (GLOBE NEWSWIRE) — The “Crypto-Powered Remittances Global Market Report 2025” has been added to ResearchAndMarkets.com’s offering.

The crypto-powered remittances market is witnessing substantial growth, with projected expansion from $22.18 billion in 2024 to $27.87 billion in 2025 at a CAGR of 25.6%. This surge is driven by regulatory clarity, increasing remittance volumes from migrant workers, investment in cryptocurrency payment infrastructure, and stablecoin adoption. By 2029, the market is expected to reach $68.59 billion, continuing its robust growth trajectory due to rising cryptocurrency adoption for cross-border transactions, demand for faster, lower-cost international money transfers, and increased smartphone and internet penetration in developing regions.

This report explores the largest and fastest-growing markets for crypto-powered remittances, examining their relationship to the broader economy and demographic trends. It addresses the forces projected to shape the market, including technological disruption, regulatory adjustments, and evolving consumer preferences.

Technological advancements, such as blockchain network improvements, crypto-wallet integration with traditional banking systems, stablecoin stabilizations, secure cryptographic protocols, and automated cross-border processes, will further bolster market growth. The demand for cross-border payments, essential for global trade and e-commerce, is expected to drive market expansion, offering quicker, cost-effective transactions bypassing traditional banking systems.

In March 2025, BVNK Services Limited reported stablecoins accounting for $6 trillion of the $32 trillion transaction volume in 2024, illustrating their impact. Key industry players focus on enhancing blockchain payment processing for efficient money transfers, as seen in Mastercard Inc.’s 2025 launch of stablecoin transaction capabilities, facilitating everyday payments with reduced volatility.

Meanwhile, SoFi Technologies Inc.’s partnership with Lightspark Software Inc. aims to revolutionize Bitcoin transactions, improving international money transfer speed, cost, and transparency. Major market players include SoFi Technologies Inc., MoneyGram International Inc., Paysafe Group Ltd., and BitPay Inc., among others.

The Asia-Pacific region led the market in 2024 and is poised for rapid growth. Regions covered include Asia-Pacific, Western Europe, Eastern Europe, North America, and more. However, the market outlook faces challenges from shifting trade relations and tariffs, necessitating updates on the latest forecasts and strategies.

The escalation of U.S. tariffs in 2025 has affected the financial sector, leading to increased market volatility and higher cross-border transaction costs. This environment requires diversification, digital transformation, and strategic planning to maintain profitability amid economic uncertainties.

The crypto-powered remittances market research report provides comprehensive insights into market size, regional shares, competitor analysis, and detailed segment information. It highlights the use of cryptocurrencies and blockchain platforms for efficient cross-border remittances, leveraging digital currencies like stablecoins for faster, transparent, and lower-cost international transfers.

Delivery channels include online platforms, mobile apps, crypto exchanges, and others, serving users such as migrant workers, businesses, and financial institutions. Countries covered in the report include Australia, Brazil, China, France, Germany, and more. The market value encompasses the revenues gained from service offerings, focusing on the sale of goods and services within specified regions and excluding supply chain resales.

Reasons to Purchase:

  • Gain a global perspective with reporting across 15 geographies.
  • Evaluate macro factors, including geopolitical conflicts, trade policies, supply chain realignments, inflation, and regulatory shifts.
  • Develop regional and country-specific strategies based on data analysis.
  • Identify key growth segments for investment opportunities.
  • Outsmart competitors by leveraging forecast data and market trends.
  • Understand customer preferences through current market share insights.
  • Benchmark performance using data against key competitors.
  • Utilize reliable data for internal and external presentations.
  • Enjoy updated content with the latest data, including an Excel dashboard for easy data extraction and analysis.

Market Overview:

This report explores the largest and fastest-growing markets for crypto-powered remittances, examining their relationship to the broader economy and demographic trends. It addresses the forces projected to shape the market, including technological disruption, regulatory adjustments, and evolving consumer preferences.

The report analyzes market characteristics, size, segmentation, and geographic breakdowns. It includes historic and forecast growth analysis by region and examines the competitive landscape with descriptions of key players. Noteworthy financial transactions that have influenced the market are also detailed. Strategies to navigate the market post-crisis are suggested, highlighting growth opportunities.

Scope of the Report:

  • Markets Covered: Cross-Border Remittances; Domestic Remittances. By Cryptocurrency Type: Bitcoin; Ethereum; Stablecoins. By Channel: Online Platforms; Mobile Apps; Crypto Exchanges. By Application: Personal; Business.
  • End Users: Migrant Workers; Businesses; Financial Institutions.
  • Regional Focus: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
  • Companies Mentioned: SoFi Technologies Inc.; MoneyGram International Inc.; Paysafe Group Ltd.; Strike Inc.; Wirex Limited; BitPay Inc.; and more.
  • Geographies: Countries including Australia, Brazil, China, France, Germany, India, Japan, UK, and USA.
  • Data and Delivery: Data includes market size ratios, GDP comparisons, and regional data segmented by time series. Available formats are PDF, Word, and Excel Data Dashboard.
Report Attribute Details
No. of Pages 250
Forecast Period 2025 – 2029
Estimated Market Value (USD) in 2025 $27.87 Billion
Forecasted Market Value (USD) by 2029 $68.59 Billion
Compound Annual Growth Rate 25.3%
Regions Covered Global

Companies Featured

The companies featured in this Crypto-Powered Remittances market report include:

  • SoFi Technologies Inc.
  • MoneyGram International Inc.
  • Sempo Ltd.
  • Paysafe Group Ltd.
  • Strike Inc.
  • Wirex Limited
  • BitPay Inc.
  • Coins.ph Inc.
  • Everex Inc.
  • Triple-A Technologies Pte. Ltd.
  • Abra Inc.
  • Fideum UAB
  • Mazzuma Technologies Ltd.
  • Metal Pay Inc.
  • PEXX Inc.
  • Rebit.ph
  • Yellow Card Financial Inc.
  • Bitso Inc.
  • Pouch Philippines Inc.
  • Remittix Labs Inc.

For more information about this report visit https://www.researchandmarkets.com/r/ob2j0v

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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