Rising Demand For Non-Cash Payment, Increasing Number of Smartphone & Computer User & Creation of New Business Avenues For Stakeholders is driving the global P2P Payments market. According to the latest research by AMA, the P2P Payments market is set to witness huge growth during 2021-2031. Demand for P2P Payments will witness steady recovery in the short term.
The up-to-date coverage of the latest report Global P2P Payments Market provides a detailed synopsis as well as a consistent evaluation of accurate profits over the forecasted timespan. Current trends, industry analysis, and growth development represented in the report are of great help for the new industry players entering the market. This market research report includes an in-depth analysis of global and regional markets with the understanding given for variation in the growth of the industry in particular regions, giving a specific investigation of the market status, venture plans, establishment and usage, value patterns.
Key Players in P2P Payments Market:
PayPal Holding Inc. (United States), Tencent (China), Square Inc. (United States), Circle Internet Financial Inc (United States), Early Warning Services, LLC (United States), Dwolla Inc. (United States), TransferWise Ltd (United Kingdom), CurrencyFair LTD (Australia), Razorpay (India), Google Inc. (United States), PopMoney (United States), Facebook Inc. (United States)
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Person to person transaction (P2P) also known as peer to peer transaction refers to electronic money transfer technology which allows customer to transfer funds from their bank account or credit card to another individual account. The payment can be sent and received via mobile devices or any home computer with access to the Internet, offering convenient alternative to traditional payment mode. P2P payment is considered to be more convenient for both sender and the receiver. Through the P2P payment application, each individual account is linked to one or more of the userâ€™s banks account. When a transaction occurs the account balance in the application records the transaction and either sends or pulls money easily to the userâ€™s bank account or store it in the userâ€™s account within the application. P2P payments offers consumer more convince, accessibility and have made the transferring more easier, faster and less expensive. With the mobile phone readily available, user can send and receive pavements at any time in any place. These transaction are easy to set up and maintain as each computer manages itself. Every user is the administrator of his machine and can control their shared sources. Moreover, the overall cost of building and maintaining this type of network is comparatively less.
Global P2P Payments Market Segmented by: by Type (Airtime transfer & Top-Ups, Money transfers & Payments, Merchandise & Coupons, Travel & Ticketing), Application (Retail Payments, Travels & Hospitality Payments, Transportation & Logistics Payments, Energy & Utilities Payments, Others), Transaction Mode (NFC/Smartcard, SMS, Mobile Apps), Location (Remote payments, Proximity payments)
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
Objectives of the Report
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Major highlights from Table of Contents:
P2P Payments Market Study Coverage:
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