Increase in Mobile User Interaction
In the realm of digital remittance, two major players – Remitly and MoneyGram – have maintained high growth rates in May, according to recent data. However, the pace of this growth seems to be different from previous months.
The growth in May, while significant, appears to be slower compared to the astronomical rates experienced in March and April. This trend is hinted at by data from Apptopia, a company that specialises in mobile app usage and trends.
The surge in the use of digital remittance solutions can be attributed to the global lockdowns, which have driven people towards mobile money transfer apps as a convenient and safe means of sending and receiving money. This trend is consistent with the data from Apptopia, which shows a significant year-on-year growth in the use of digital remittance solutions in March and April.
As restrictions have been gradually eased, some digital remittance players have made strides to enhance security and convenience. For instance, banks like Sparkasse have implemented real-time instant payments with automatic recipient name verification, services that can now be accessed not only via apps and online banking but also through self-service terminals in branches. Transactions processed through these channels are instant and free of additional fees, as of October 2025.
Despite the potential slowdown in the growth of digital remittance solutions in May, as suggested by Apptopia's data, the use of such services continues to increase significantly for various players. Remitly and MoneyGram, in particular, have continued to grow substantially year on year in May.
The question remains, however, about how the usage of digital remittance solutions is changing as restrictions are gradually being eased. As we move forward, it will be interesting to see how these trends evolve and how the digital remittance landscape continues to adapt to the changing circumstances.
For a more in-depth analysis, you can refer to this Forbes piece: [Link to the Forbes article]
