Quarterly market share of outgoing remittance brands in the UK 2011-2023

Western Union was used the most for outgoing remittances from the UK in 2023, although its market share was relatively low due to how many providers are present. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going away from the United Kingdom. The three countries to which the UK sends the highest value of remittances are India, Pakistan, and Nigeria. 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.