Quarterly market share of outgoing digital remittances in Australia 2016-2023
The share of digital remittances in money leaving Australia declined over the course of 2023, although this was still much higher than in 2016. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels originating from Australia. The three destinations with the highest value of remittances originating from Australia include India, China, and the Philippines. 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.