What are the top payment provider corridors in the Asian markets?

Part
01
of one
Part
01

What are the top payment provider corridors in the Asian markets?

Hi! Thank you for your question about the top payment provider corridors in the Asian markets.
In short, the top Asian remittance corridor pairs are Hong Kong to China, UAE to India, Saudi Arabia to India, Saudi Arabia to Egypt, Saudi Arabia to Pakistan, UAE to Pakistan, Pakistan to India, Kuwait to India, India to Bangladesh, and Japan to China while the top Asian remittance receiving countries are India, China, Philippines, Pakistan, Egypt, Bangladesh, Vietnam, Indonesia. I have provided a deep dive of my findings below.
FINDINGS
Focusing on reports from trusted sources, the majority of the data for remittances are available from World Bank report. Additional sources have been added to support the argument as well as provide additional details. Lastly, since there is a mention of the Philippines and Indonesia, we have provided statistics for those as well.

Based on remittance flows in 2015, the top Asian remittance corridor pairs are Hong Kong to China ($15.6 billion), UAE to India ($13.2 billion), Saudi Arabia to India ($11 billion), Saudi Arabia to Egypt ($7.8 billion), Saudi Arabia to Pakistan ($5.2 billion), UAE to Pakistan ($5 billion), Pakistan to India ($4.9 billion), Kuwait to India ($4.8 billion), India to Bangladesh ($4.6 billion), and Japan to China ($4.2 billion). However, looking only recipients in Asia, the top are India ($65.5 billion), China ($65.2 billion), Philippines ($29.1 billion), Pakistan ($20.3 billion), Egypt ($18.4 billion), Bangladesh ($14.9 billion), Vietnam ($13.4 billion), Indonesia ($9.8 billion).

While US-Philippines and US-Vietnam are the top remittance corridors in South East Asia, Malaysia-Indonesia is the largest route in South East Asia in 2014. Three countries – Nepal, Pakistan and Sri Lanka – have recorded the highest average growth in remittances of more than 10% from 2010-2015. On the other hand, remittances to developing countries have declined for the second consecutive year in 2017.
CONCLUSION
To conclude, the top Asian remittance corridor pairs are Hong Kong to China, UAE to India, Saudi Arabia to India, Saudi Arabia to Egypt, Saudi Arabia to Pakistan, UAE to Pakistan, Pakistan to India, Kuwait to India, India to Bangladesh, and Japan to China.
I hope the research is useful. Thank you for using Wonder. Please let us know if we can help with anything else!
Sources
Sources