Money Transfer Agencies in Australia - IBISWorld Industry Market Research

Money Transfer Agencies in Australia

Money Transfer Agencies in Australia - IBISWorld Industry Market Research
Money Transfer Agencies in Australia
Published Dec 24, 2014
26 pages — Published Dec 24, 2014
Price US$ 910.00  |  Buy this Report Now

About This Report

  
Abstract:

The Money Transfer Agencies industry has recorded solid growth over the past five years. The industry came away from the financial crisis relatively unscathed, mainly due to the increasing globalisation and rising mobility of labour. Industry revenue is closely linked to the number of overseas workers employed in Australia who send money back to their respective countries to support their families. The Australian economy has recovered relatively quickly following the global financial crisis. Low unemployment rates, especially compared with those of Europe, and skill shortages make Australia an attractive place for overseas workers to seek employment.

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

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

  
Source:
Document ID
OD5114
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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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Cite this Report

  
MLA:
IBISWorld Industry Market Research. "Money Transfer Agencies in Australia" Dec 24, 2014. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Money-Transfer-Agencies-in-Australia-2042-3305>
  
APA:
IBISWorld Industry Market Research. (2014). Money Transfer Agencies in Australia Dec 24, 2014. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Money-Transfer-Agencies-in-Australia-2042-3305>
  
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