Quarterly market share of incoming remittance brands in Brazil 2011-2024

MoneyGram was used the most for incoming remittances to Brazil, although its market share stayed relatively unchanged in 2024. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going towards Brazil. The three countries from which Brazil received the highest value of remittances are the U.S., Japan, and Portugal. 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.