Global P2P Payments Market Overview
The Global P2P Payments Market size is expected to grow from USD 2621.34 billion in 2022 to USD 9720.42 billion by 2030, at a CAGR of 17.8% during the forecast period (2023-2030).
Peer to Peer (P2P) payments are a method by which a user can send money from his bank account to another person's account using the Internet or a mobile device as the digital medium. Payments are divided into two categories according to whether they are transferred to accounts inside or outside of the bank. A transfer is considered internal if it is made to an account held by the bank. A domestic transfer is made to an account not held by the bank. When a customer saves the payee bank account information during payee maintenance, this category occurs. Customers can start both internal and domestic payments from a single Transfer Money screen. A recent Billtrust survey found that 32% of Generation Z use P2P payment systems like Venmo or Zelle six times or more each month, with 79% using them at least once every other month. The P2P payment market is expanding globally as a result of extensive digitalization and growing user acceptance of online platforms, smartphones, and e-commerce services.
Market Dynamics And Factors For P2P Payments Market
Drivers:
The Growing Use Of Mobile Payment Alternatives Boosting The Market Growth
The industry is being driven by rising smartphone adoption in both established and developing nations like China and India, as well as increased consumer awareness of the benefits of mobile and online payments. Users may now use hassle-free payment methods on their smartphones, which stimulates the industry boom, as high-speed internet connectivity alternatives like 4G and 5G become more frequently used. Furthermore, smartphone makers' distribution networks have grown dramatically, increasing end users' access to smartphone hardware. Major mobile phone producers like Samsung, and Xiaomi, for instance, can provide web services to the rural population via their mobile phones because they have a broad distribution network in India. Due to rising smartphone usage and faster connectivity, people now receive and make payments using their cell phones, which is fueling the worldwide P2P payments business. Additionally, P2P payment networks aim to spur business expansion by lowering the costs of hiring people, running branches, and upkeep of physical assets. These networks lower the market risk for investors by providing borrowers with a solid foundation for securing repayment. Investors can facilitate a variety of market risks, such as interest rates, unemployment rates, and risk of property values, with the help of a P2P payments service, which aids in the growth of the global P2P payments industry.
Restraints:
Threat Of Data Leak And Security Breach
Market expansion is anticipated to be hampered by rising data leaks and security problems. Due to the hazards involved, most people choose banks over peer-to-peer payment platforms. The market for peer-to-peer payments will likely be severely constrained as a result. Because they provide guarantees against debt without collateral, service providers run the danger of losing money, which might further harm market expansion.
Opportunity:
Highly Competitiveness Create Scope For New Convenient Services In The Market
Since peer-to-peer payment methods are being used by large populations and service providers are also substantial in the global market this creates competitiveness in the market and leads to a variety of products and services by different players. Many contenders engage in tough competition for the top spot. Important players either acquire new rivals or combine with them. The players also invest a lot of money in research and development initiatives. Due to these initiatives, the P2P payments business grows, leading to technological advancements, updates, and new P2P payment capabilities. There have been a lot of mergers, acquisitions, joint ventures, and partnerships as the P2P payments sector has grown. The goal of the participants at these events is to advance their status as thought leaders in the P2P payment industry, which will subsequently enhance growth prospects.
Segmentation Analysis Of the P2P Payments Market
By Transaction Method, Near Field Communication segment is expected to dominate the P2P Payments Market. Strong demand in the NFC (near field communication) market will enable customers to better serve themselves by offering them a simple and hassle-free payment solution. Thanks to NFC technology, retailers can now include customer loyalty programs in their payment options, and customers can easily use coupons on their mobile devices. This market's expansion is projected to be aided by the expansion of online business platforms and the continued usage of cutting-edge technology for financial transactions. The adoption of NFC-based installments would probably be accelerated by the rising popularity of wearable installment devices and the emergence of a flexible trading pattern.
By Application, the Retail sector dominates P2P Payments Market. The increasing use of cell phones and the corresponding expansion of portable trade agreements are encouraging the segment's potential future growth. Mobile applications are currently, by far, the most used method of making purchases. Several shopping apps are used for 54% of flexible business payments, according to J.P. Morgan's 2020 E-trade Payments Trends Report. Another important aspect influencing the trend for flexible installments is increased cross-line acceptance. The issue in the fragment is getting worse because certain banks are seeking to forcefully forward portable installments. A modified setup of comprehensive installment solutions is also being developed by organizations to meet specific problems in the executive, lending, and security sectors.
Regional Analysis Of the P2P Payments Market
Asia Pacific dominates P2P Payments Market and is expected to make substantial advancements during the forecasted period. This is a result of numerous governments encouraging the use of electronic payments. Additionally, developing countries like India are undertaking a wide range of efforts and programs to promote digital payments. The Digital India initiative is one instance of this. Among the market leaders in Asia-Pacific for P2P payments are China and Indonesia. The main factor influencing the potential P2P payments industry in China is the availability of cutting-edge FinTech services there. Due to the absence of alternative investment alternatives and the higher returns provided by P2P investments, China has also been attracting investors. Around 904 million individuals in China utilized mobile payments in 2021. Mobile payments have mostly replaced cash and credit cards as the preferred payment option in the retail sector.
The landscape for digital financial services in Asia-Pacific is rapidly evolving. Due to the epidemic, Asian markets, particularly Southeast Asia, have embraced digitalization at a fast pace. Digital and P2P payment options have seen a sharp growth in traction in this area. Growing and assuming significant roles within the financial technology ecosystem are emerging markets. For instance, Indonesia's fintech sector produced a whopping USD 329 million in revenue in 2020, of which an astounding USD 158 million came from the payments sector alone. The regional market will also be driven by evolving lifestyles, increasing smartphone penetration, and contemporary internet purchasing patterns over the forecast period.
North America is the second fastest-growing region in the P2P Payments Market. The area is distinguished by the presence of various notable market players. Furthermore, North America was a pioneer in adopting cutting-edge products. The prevalence of automated stores in the United States is another factor driving the use of flexible payment methods. In North America, the proliferation of web-based commerce is often to blame for the widespread use of flexible payment alternatives. A few businesses are developing applications for remote payments, allowing customers to make purchases from any location. To help clients make payments securely and remotely using mobile devices, Sum-up, for instance, announced the rollout of flexible payments and invoicing across Europe in 2020. The expanding usage of virtual terminals for remote charging is predicted to lead to an expansion of fuel classification. The market for P2P payments in the area is anticipated to be driven by these factors.
Covid-19 Impact Analysis On P2P Payments Market
Covid19 pandemic has been a booster for peer to peer payment market as the rate of the online transaction has exponentially increased. More and more people moving towards digital payment alternatives for better convenience, especially during the lockdown and social distancing norms deployed during the peak of the pandemic. The market for P2P payments is growing globally as more consumers accept mobile, online, and e-commerce services. Smartphone adoption is accelerating among younger generations as well. Additionally, the growth of the e-commerce industry in emerging countries benefits the market. The COVID-19 pandemic had a positive impact on the growth of the peer-to-peer payments sector due to rising non-cash transaction demand globally to stop the virus' transmission and boost consumer demand for P2P payments as a quick and convenient form of payment.
Top Key Players Covered In P2P Payments Market
- Alibaba.com
- Apple Inc.
- Circle International Financial Limited
- Google LLC
- One97 Communications Limited (Paytm)
- PayPal Holdings Inc.
- Square, Inc.
- WePay Inc.
- Wise Payments Limited
- Zelle
- Venmo, LLC and other major players.
Key Industry Development In The P2P Payments Market
In February 2022, the introduction of Tap to Pay on the iPhone was announced by Apple. The new feature will enable millions of merchants in the US, from small businesses to large retailers, to use their iPhones to seamlessly and securely accept other digital wallets, including Apple Pay, contactless credit and debit cards, and Apple Pay, with just a simple tap to their iPhone — no additional hardware or payment terminal is required.
In September 2021, the all-in-one, personalized PayPal app, which provides users with the greatest location to manage their financial lives, was recently unveiled by PayPal. In addition to new in-app shopping options that let users earn points redeemable for cash back or PayPal shopping credit and find bargains with hundreds of shops, the new PayPal app will also feature PayPal Savings, a new high-return savings account offered by Synchrony Bank.
Global P2P Payments Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2017 to 2022 |
Market Size in 2022: |
USD 2621.34 Bn. |
Forecast Period 2023-30 CAGR: |
17.8% |
Market Size in 2030: |
USD 9720.42 Bn. |
Segments Covered: |
By Transaction Method |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Transaction Method
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: P2P Payments Market by Transaction Method
5.1 P2P Payments Market Overview Snapshot and Growth Engine
5.2 P2P Payments Market Overview
5.3 Near Field Communication
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Near Field Communication: Geographic Segmentation
5.4 Mobile Web Payments
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Mobile Web Payments: Geographic Segmentation
5.5 SMS/Direct Carrier Billing
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 SMS/Direct Carrier Billing: Geographic Segmentation
5.6 Others
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Others: Geographic Segmentation
Chapter 6: P2P Payments Market by Application
6.1 P2P Payments Market Overview Snapshot and Growth Engine
6.2 P2P Payments Market Overview
6.3 Media & Entertainment
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Media & Entertainment: Geographic Segmentation
6.4 Energy & Utilities
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Energy & Utilities: Geographic Segmentation
6.5 Healthcare
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Healthcare: Geographic Segmentation
6.6 Retail
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Retail: Geographic Segmentation
6.7 Hospitality & Transportation
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size (2016-2028F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Hospitality & Transportation: Geographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 P2P Payments Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Ansoff Matrix
7.1.5 P2P Payments Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 P2P Payments Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 ALIBABA
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 APPLE INC
7.4 CIRCLE INTERNATIONAL FINANCIAL LIMITED
7.5 GOOGLE LLC
7.6 ONE97 COMMUNICATIONS LIMITED (PAYTM)
7.7 PAYPAL HOLDINGS INC
7.8 SQUARE INC
7.9 WEPAY INC
7.10 WISE PAYMENTS LIMITED
7.11 ZELLE
7.12 VENMO LLC
7.13 OTHER MAJOR PLAYERS
Chapter 8: Global P2P Payments Market Analysis, Insights and Forecast, 2016-2028
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Transaction Method
8.2.1 Near Field Communication
8.2.2 Mobile Web Payments
8.2.3 SMS/Direct Carrier Billing
8.2.4 Others
8.3 Historic and Forecasted Market Size By Application
8.3.1 Media & Entertainment
8.3.2 Energy & Utilities
8.3.3 Healthcare
8.3.4 Retail
8.3.5 Hospitality & Transportation
Chapter 9: North America P2P Payments Market Analysis, Insights and Forecast, 2016-2028
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Transaction Method
9.4.1 Near Field Communication
9.4.2 Mobile Web Payments
9.4.3 SMS/Direct Carrier Billing
9.4.4 Others
9.5 Historic and Forecasted Market Size By Application
9.5.1 Media & Entertainment
9.5.2 Energy & Utilities
9.5.3 Healthcare
9.5.4 Retail
9.5.5 Hospitality & Transportation
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe P2P Payments Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Transaction Method
10.4.1 Near Field Communication
10.4.2 Mobile Web Payments
10.4.3 SMS/Direct Carrier Billing
10.4.4 Others
10.5 Historic and Forecasted Market Size By Application
10.5.1 Media & Entertainment
10.5.2 Energy & Utilities
10.5.3 Healthcare
10.5.4 Retail
10.5.5 Hospitality & Transportation
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific P2P Payments Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Transaction Method
11.4.1 Near Field Communication
11.4.2 Mobile Web Payments
11.4.3 SMS/Direct Carrier Billing
11.4.4 Others
11.5 Historic and Forecasted Market Size By Application
11.5.1 Media & Entertainment
11.5.2 Energy & Utilities
11.5.3 Healthcare
11.5.4 Retail
11.5.5 Hospitality & Transportation
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa P2P Payments Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Transaction Method
12.4.1 Near Field Communication
12.4.2 Mobile Web Payments
12.4.3 SMS/Direct Carrier Billing
12.4.4 Others
12.5 Historic and Forecasted Market Size By Application
12.5.1 Media & Entertainment
12.5.2 Energy & Utilities
12.5.3 Healthcare
12.5.4 Retail
12.5.5 Hospitality & Transportation
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America P2P Payments Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Transaction Method
13.4.1 Near Field Communication
13.4.2 Mobile Web Payments
13.4.3 SMS/Direct Carrier Billing
13.4.4 Others
13.5 Historic and Forecasted Market Size By Application
13.5.1 Media & Entertainment
13.5.2 Energy & Utilities
13.5.3 Healthcare
13.5.4 Retail
13.5.5 Hospitality & Transportation
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global P2P Payments Market |
|||
Base Year: |
2022 |
Forecast Period: |
2023-2030 |
Historical Data: |
2017 to 2022 |
Market Size in 2022: |
USD 2621.34 Bn. |
Forecast Period 2023-30 CAGR: |
17.8% |
Market Size in 2030: |
USD 9720.42 Bn. |
Segments Covered: |
By Transaction Method |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. P2P PAYMENTS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. P2P PAYMENTS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. P2P PAYMENTS MARKET COMPETITIVE RIVALRY
TABLE 005. P2P PAYMENTS MARKET THREAT OF NEW ENTRANTS
TABLE 006. P2P PAYMENTS MARKET THREAT OF SUBSTITUTES
TABLE 007. P2P PAYMENTS MARKET BY TRANSACTION METHOD
TABLE 008. NEAR FIELD COMMUNICATION MARKET OVERVIEW (2016-2028)
TABLE 009. MOBILE WEB PAYMENTS MARKET OVERVIEW (2016-2028)
TABLE 010. SMS/DIRECT CARRIER BILLING MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. P2P PAYMENTS MARKET BY APPLICATION
TABLE 013. MEDIA & ENTERTAINMENT MARKET OVERVIEW (2016-2028)
TABLE 014. ENERGY & UTILITIES MARKET OVERVIEW (2016-2028)
TABLE 015. HEALTHCARE MARKET OVERVIEW (2016-2028)
TABLE 016. RETAIL MARKET OVERVIEW (2016-2028)
TABLE 017. HOSPITALITY & TRANSPORTATION MARKET OVERVIEW (2016-2028)
TABLE 018. NORTH AMERICA P2P PAYMENTS MARKET, BY TRANSACTION METHOD (2016-2028)
TABLE 019. NORTH AMERICA P2P PAYMENTS MARKET, BY APPLICATION (2016-2028)
TABLE 020. N P2P PAYMENTS MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE P2P PAYMENTS MARKET, BY TRANSACTION METHOD (2016-2028)
TABLE 022. EUROPE P2P PAYMENTS MARKET, BY APPLICATION (2016-2028)
TABLE 023. P2P PAYMENTS MARKET, BY COUNTRY (2016-2028)
TABLE 024. ASIA PACIFIC P2P PAYMENTS MARKET, BY TRANSACTION METHOD (2016-2028)
TABLE 025. ASIA PACIFIC P2P PAYMENTS MARKET, BY APPLICATION (2016-2028)
TABLE 026. P2P PAYMENTS MARKET, BY COUNTRY (2016-2028)
TABLE 027. MIDDLE EAST & AFRICA P2P PAYMENTS MARKET, BY TRANSACTION METHOD (2016-2028)
TABLE 028. MIDDLE EAST & AFRICA P2P PAYMENTS MARKET, BY APPLICATION (2016-2028)
TABLE 029. P2P PAYMENTS MARKET, BY COUNTRY (2016-2028)
TABLE 030. SOUTH AMERICA P2P PAYMENTS MARKET, BY TRANSACTION METHOD (2016-2028)
TABLE 031. SOUTH AMERICA P2P PAYMENTS MARKET, BY APPLICATION (2016-2028)
TABLE 032. P2P PAYMENTS MARKET, BY COUNTRY (2016-2028)
TABLE 033. ALIBABA: SNAPSHOT
TABLE 034. ALIBABA: BUSINESS PERFORMANCE
TABLE 035. ALIBABA: PRODUCT PORTFOLIO
TABLE 036. ALIBABA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. APPLE INC: SNAPSHOT
TABLE 037. APPLE INC: BUSINESS PERFORMANCE
TABLE 038. APPLE INC: PRODUCT PORTFOLIO
TABLE 039. APPLE INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. CIRCLE INTERNATIONAL FINANCIAL LIMITED: SNAPSHOT
TABLE 040. CIRCLE INTERNATIONAL FINANCIAL LIMITED: BUSINESS PERFORMANCE
TABLE 041. CIRCLE INTERNATIONAL FINANCIAL LIMITED: PRODUCT PORTFOLIO
TABLE 042. CIRCLE INTERNATIONAL FINANCIAL LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. GOOGLE LLC: SNAPSHOT
TABLE 043. GOOGLE LLC: BUSINESS PERFORMANCE
TABLE 044. GOOGLE LLC: PRODUCT PORTFOLIO
TABLE 045. GOOGLE LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. ONE97 COMMUNICATIONS LIMITED (PAYTM): SNAPSHOT
TABLE 046. ONE97 COMMUNICATIONS LIMITED (PAYTM): BUSINESS PERFORMANCE
TABLE 047. ONE97 COMMUNICATIONS LIMITED (PAYTM): PRODUCT PORTFOLIO
TABLE 048. ONE97 COMMUNICATIONS LIMITED (PAYTM): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. PAYPAL HOLDINGS INC: SNAPSHOT
TABLE 049. PAYPAL HOLDINGS INC: BUSINESS PERFORMANCE
TABLE 050. PAYPAL HOLDINGS INC: PRODUCT PORTFOLIO
TABLE 051. PAYPAL HOLDINGS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. SQUARE INC: SNAPSHOT
TABLE 052. SQUARE INC: BUSINESS PERFORMANCE
TABLE 053. SQUARE INC: PRODUCT PORTFOLIO
TABLE 054. SQUARE INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. WEPAY INC: SNAPSHOT
TABLE 055. WEPAY INC: BUSINESS PERFORMANCE
TABLE 056. WEPAY INC: PRODUCT PORTFOLIO
TABLE 057. WEPAY INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. WISE PAYMENTS LIMITED: SNAPSHOT
TABLE 058. WISE PAYMENTS LIMITED: BUSINESS PERFORMANCE
TABLE 059. WISE PAYMENTS LIMITED: PRODUCT PORTFOLIO
TABLE 060. WISE PAYMENTS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. ZELLE: SNAPSHOT
TABLE 061. ZELLE: BUSINESS PERFORMANCE
TABLE 062. ZELLE: PRODUCT PORTFOLIO
TABLE 063. ZELLE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. VENMO LLC: SNAPSHOT
TABLE 064. VENMO LLC: BUSINESS PERFORMANCE
TABLE 065. VENMO LLC: PRODUCT PORTFOLIO
TABLE 066. VENMO LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 067. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 068. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 069. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. P2P PAYMENTS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. P2P PAYMENTS MARKET OVERVIEW BY TRANSACTION METHOD
FIGURE 012. NEAR FIELD COMMUNICATION MARKET OVERVIEW (2016-2028)
FIGURE 013. MOBILE WEB PAYMENTS MARKET OVERVIEW (2016-2028)
FIGURE 014. SMS/DIRECT CARRIER BILLING MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. P2P PAYMENTS MARKET OVERVIEW BY APPLICATION
FIGURE 017. MEDIA & ENTERTAINMENT MARKET OVERVIEW (2016-2028)
FIGURE 018. ENERGY & UTILITIES MARKET OVERVIEW (2016-2028)
FIGURE 019. HEALTHCARE MARKET OVERVIEW (2016-2028)
FIGURE 020. RETAIL MARKET OVERVIEW (2016-2028)
FIGURE 021. HOSPITALITY & TRANSPORTATION MARKET OVERVIEW (2016-2028)
FIGURE 022. NORTH AMERICA P2P PAYMENTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. EUROPE P2P PAYMENTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. ASIA PACIFIC P2P PAYMENTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. MIDDLE EAST & AFRICA P2P PAYMENTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. SOUTH AMERICA P2P PAYMENTS MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the P2P Payments Market research report is 2023-2030.
Alibaba, Apple Inc., Circle International Financial Limited, Google LLC, One97 Communications Limited (Paytm), PayPal Holdings Inc., Square, Inc., WePay Inc.,Wise Payments Limited ,Zelle,Venmo, LLC,and other major players.
The P2P Payments Market is segmented into Transaction Method, Application, and region. By Transaction Method, the market is categorized into Near Field Communication, Mobile Web Payments, SMS/Direct Carrier Billing, Others. By Nature, the market is categorized into XXX. By Application, the market is categorized into Media & Entertainment, Energy & Utilities, Healthcare, Retail, and Hospitality & Transportation. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
P2P payments, also known as peer-to-peer transactions, allow to send money directly to another person. P2P payment systems, commonly referred to as money transfer applications like Venmo, PayPal, and Cash App, enable users to send and receive money through a connected bank account or credit card from their mobile devices.
The Global P2P Payments Market size is expected to grow from USD 2621.34 billion in 2022 to USD 9720.42 billion by 2030, at a CAGR of 17.8% during the forecast period (2023-2030).