Visa Unveils Money Transfers Report for 2025, Focusing on the Asia-Pacific Region
Visa Embraces Digital Remittances: Asia Pacific Leads the Way
In a bid to facilitate efficient money movement, Visa is collaborating with global remitters such as MOIN, WireBarley, Money Chain World Remittance, and EzRemit. This partnership aims to drive the adoption of digitised remittances across the Asia Pacific region.
Visa acknowledges the enduring purpose of its role in delivering remittances on behalf of its clients, and its mission extends beyond that. The financial giant aims to enable individuals, businesses, and economies to thrive.
According to Visa's Money Travels: 2025 Digital Remittances Adoption Report, the Asia Pacific region is witnessing a significant shift towards digital remittances. Here are the key trends highlighted in the report:
- Digital Applications Preferred Digital apps have become the most popular channel for sending and receiving remittances in Asia Pacific. Users value simplicity, security, privacy, and safety, making digital apps their preferred choice. Over 74% of youth in the region prefer digital apps, valuing speed and trust over fees.
- Regional Leaders India has emerged as a regional leader in digital remittances, followed by the Philippines, Singapore, and Japan. In these countries, digital app usage is high, with significant percentages of senders and receivers opting for digital methods.
- Speed and Trust Respondents across the region perceive digital payments as the fastest way to access funds. Notably, over 50% of respondents in the Philippines and Australia hold this view.
- Demographic and Economic Impact The shift to app-based remittances reflects the region's demographics and growing digital payment modes. The remittance boom is expected to boost productivity among small and medium-scale enterprises in Southeast Asia.
- Partnerships and Growth Visa's collaborations with global remitters are instrumental in supporting the growth of digital remittances in the region.
Chavi Jafa, Senior Vice President, Head of Commercial and Money Movement Solutions, Asia Pacific, Visa, stated that the shift to app-based remittances in the region reflects its demographics, the growing prominence of digital payment modes, and user preferences for easy, safe, and quick ways to send and receive money.
Remittances continue to play a vital role in uplifting communities and livelihoods in the Asia Pacific region. One billion people rely every year on remittance services and platforms. The Asia Pacific region is a significant contributor to the global remittance landscape, worth $905 billion.
Visa is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. The company believes that economies that include everyone everywhere, uplift everyone everywhere, and see access as foundational to the future of money movement.
Visa's annual Money Travels: 2025 Digital Remittances Adoption Report is based on responses from 44,000 senders and receivers across 20 countries and territories. The report tracks remittance trends around the world, with a focus on the Asia Pacific region.
As the Asia Pacific region continues to lead the way in digital remittances, banks, remitters, and fintechs must take note. The shift will shape how they engage and serve evolving consumer expectations. Ease of use, safety, privacy, and security are the top four user experience benefits driving the preference for digital applications in the Asia Pacific region. Visa continues to innovate and build solutions to enhance operational efficiency in money movement and broaden financial access for their customers.
Technology plays a crucial role in Visa's drive to facilitate efficient money movement, as the company focuses on digital remittances and digital apps as the most popular channel for sending and receiving remittances in the Asia Pacific region.
The preference for digital applications in the Asia Pacific region is driven by user needs for simplicity, security, privacy, and safety, indicating the importance of advanced technology solutions in the field of remittances.
