P2P Payment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-2547 | Report Format : | Status : Upcoming |

Abstract

Global P2P Payment Market: Overview

“Person to person” (P2P) payment is the online tech that permits users to transact money from their credit card or bank account to account for another person through the Internet. It is founded on the triumphant Paypal method where a user with a trusted 3rd-party vendor establish the protected connection of accounts, assigning their credit card or bank account data for accepting and transferring funds. A different method is where the user employs a mobile application or online interface to allocate the amount of money to be transacted. The key micro and macroeconomic factors impacting the P2P payment market are likewise talked about in this section. Aside from this, they give an account of worldwide P2P payment market advertise likewise discusses components, for example, key open doors, drivers, limitation and patterns that are affecting or likely impact the market in the prospective years.

Global P2P Payment Market: Growth Factors

The elevated approval of mobile banking, online banking, as well as e-commerce by users makes way for better employment of P2P payments. As tablets and smartphones turn out to be more and more popular mean of daily applications, well-liked cash payment apps such as Google Wallet and Venmo assist users to employ of P2P payments. The global P2P payment market is anticipated to witness development due to rise in employment of banking applications and online shopping. Increase use of mobile payments in industrial as well as commercial sectors is the main reason that has boosted the growth of the P2P payment global market. Additionally, growing digitalization is also driving the growth of the global P2P payment market. Moving on, increased use of smartphones is also playing an important role in the growth of the global P2P payment market. On the other hand, the rise in identity thefts and cyber attacks are limiting the development of the market.

Global P2P Payment Market: Segmentation

The P2P payment market is divided on the basis of the type of purchase, transaction mode, application, location, and geography. Based on the transaction mode, the P2P payment market is classified into SMS, smart card/NFC, and mobile apps. Based on the location, it is segregated into proximity payments and remote payments. On the basis of the type of purchase, the P2P payment market is categorized by payments & money transfers, top-ups & airtime transfer, travel & ticketing, and coupons & merchandise. Based on applications, it is segmented into hospitality & travels payments, retail payments, utilities & energy payments, logistics & transportation payments, and others. On the basis of geography, the P2P payment market is divided all over Europe, North America, LAMEA, and Asia-Pacific.

Global P2P Payment Market: Regional Analysis

Regionally, the global P2P payment market is mainly bifurcated as Asia Pacific, North America, and Rest of the World. Government norms and current situations in India is one of the main factors that are towering the global market. Increase use of payments in industrial as well as commercial has boosted the global P2P payment market in North America. The rest of the world will also show a high growth in the global market.

Global P2P Payment Market: Competitive Players

Major companies working in the global P2P payment market comprise Tencent, PayPal Pte. Ltd., Circle Internet Financial Limited, Square, Inc., SnapCash, clearXchange, TransferWise Ltd., Dwolla, Inc., One97 Communications Ltd., and CurrencyFair LTD.

Global P2P Payment Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Augmented and Virtual Reality Market by Device (Head-Mounted Display (HMD), Handheld Device, Head-Up Display (HUD), Projector and Display Wall, Gesture-Tracking Device, and Others), by Offering (Hardware and Software), by Application (Consumer, Commercial, Enterprise, and Others), and by Vertical (Entertainment & Media, Gaming, Healthcare, Aerospace & Defense, Manufacturing, Retail, Education, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Feb-2019 | Price : $ 4899.00 | Pages: 165 | Report Code: ZMR-3838 | Report Format:

The report covers a forecast and an analysis of the augmented and virtual reality market on a global and regional level. The study provides historical data from 2016 and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the a...Read More

Performance Management Software Market By Deployment Mode (Cloud-Based and On-Premises), By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), and By Vertical (Media and Entertainment, BFSI, IT and Telecommunications, Healthcare, Manufacturing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026

Feb-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3830 | Report Format:

The report covers a forecast and an analysis of the performance management software market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million). The study includes drivers and restraints of the p...Read More

Enterprise Spam Filter Market by Deployment Mode (Cloud-Based and On-Premises), by Organizational Size (Small and Medium Enterprises and Large Enterprises), and by End-User (Information Technology and Telecommunication, Education, Government, BFSI, Healthcare, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018-2026

Feb-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3826 | Report Format:

The report covers a forecast and an analysis of the enterprise spam filter market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million). The study includes drivers and restraints of the ent...Read More

Computational Creativity Market by Deployment (On-Premises and Cloud-Based), by Operating System (Linux, macOS, and Microsoft Windows), and by Application (Marketing & Web Designing, Product Designing, Music Composition, Photography & Videography, and Automated Story Generation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026

Feb-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3825 | Report Format:

The report covers a forecast and an analysis of the computational creativity market on a global and regional level. The study provides historical data for 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million). The study includes drivers and restraints of the computational cre...Read More

Space Robotics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3823 | Report Format:

Global Space Robotics Market: Overview Space roboticsis the development of general purpose machines that are capable of surviving (for a time, at least) the rigors of thespaceenvironment, and performing exploration, assembly, construction, maintenance, servicing or other tasks that may or may no...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.