MoneyGram was used the most for outgoing remittances from Italy in 2023, ahead of several other MTOs and bank options within the country. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going away from Italy. The three countries to which Italy sends the highest value of remittances are Romania, France, and Morocco. 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 Italy from 1st quarter 2011 to 3rd quarter 2023, based on remittance outflow towards any other country
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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Statista. (January 11, 2024). Biggest brands for remittances in Italy from 1st quarter 2011 to 3rd quarter 2023, based on remittance outflow towards any other country [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1456750/remittance-outflows-by-brand-in-italy/
Statista. "Biggest brands for remittances in Italy from 1st quarter 2011 to 3rd quarter 2023, based on remittance outflow towards any other country." Chart. January 11, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1456750/remittance-outflows-by-brand-in-italy/
Statista. (2024). Biggest brands for remittances in Italy from 1st quarter 2011 to 3rd quarter 2023, based on remittance outflow towards any other country. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1456750/remittance-outflows-by-brand-in-italy/
Statista. "Biggest Brands for Remittances in Italy from 1st Quarter 2011 to 3rd Quarter 2023, Based on Remittance Outflow towards Any Other Country." Statista, Statista Inc., 11 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1456750/remittance-outflows-by-brand-in-italy/
Statista, Biggest brands for remittances in Italy from 1st quarter 2011 to 3rd quarter 2023, based on remittance outflow towards any other country Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1456750/remittance-outflows-by-brand-in-italy/ (last visited November 10, 2024)
Biggest brands for remittances in Italy from 1st quarter 2011 to 3rd quarter 2023, based on remittance outflow towards any other country [Graph], Statista, January 11, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1456750/remittance-outflows-by-brand-in-italy/
