Quarterly market share of outgoing remittance brands in Italy 2011-2023
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.