The P2P payment market size is expected to see rapid growth in the next few years. It will grow to $6.4 billion in 2028 at a compound annual growth rate (CAGR) of 17.2%. The growth in the forecast period can be attributed to contactless and QR code payments, integration with messaging apps, open banking initiatives. Major trends in the forecast period include digital transformation, cryptocurrency integration, request for payment services, cross-border P2P payments, integration with social media platforms.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/p2p-payment-global-market-report
Segmentation & Regional Insights
The P2P payments market covered in this report is segmented –
1) By Transaction Mode: Mobile Web Payments, Near Field Communication, SMS or Direct Carrier Billing, Other Transaction Modes
2) By Payment Type: Remote, Proximity
3) By Application: Media and Entertainment, Energy and Utilities, Healthcare, Retail, Hospitality and Transportation, Other Applications
4) By End User: Personal, Business
Asia-Pacific was the largest region in the P2P payment market in 2023. North America was the second largest region of the P2P payment market. The regions covered in the p2p payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7678&type=smp
Major Driver Impacting Market Growth
The increase in acceptance of online banking, mobile banking, and e-commerce by consumers is expected to propel the P2P payment market’s growth going forward. Online banking enables users to complete all banking-related tasks, including money transfers, access to historical transactional data, cash withdrawals, deposits, etc., with a single click. Customers can execute financial transactions on a secure website or mobile application with online mobile banking or Internet banking. Due to advanced and convenient features, people adopting online banking and mobile banking is promoting P2P payments market. For instance, according to a recent global survey of 2,899 in April 2022 conducted by Finder Row Pty Ltd., an Australia-based proprietary company, 26% of respondents in India claim to have a digital bank account, and another 13% intend to open one within the next year, bringing the country’s overall percentage of those with one to 39%. By the end of 2027, the percentage is anticipated to increase even more, reaching 46%. Therefore, the increase in acceptance of online banking, mobile banking, and e-commerce by consumers is driving the demand for the P2P payment market growth.
Key Industry Players
Major companies operating in the P2P payment market report are Apple Inc., Alibaba Group, PayPal Holdings Inc., Fiserv Inc., Square Inc., Block Inc., Stripe Inc., Global Payments Inc., FIS Global Inc., Klarna AB, Shopify Inc., Worldpay Inc., Nexeo Payments Corp, Toast Inc., Jack Henry & Associates Inc., SoFi Technologies Inc., Paysafe Group plc, Adyen N.V., Green Dot Corporation, Affirm Holdings Inc., Circle Internet Financial Limited, Lightspeed POS Inc., Afterpay Touch Group Ltd., Remitly Global Inc., Payoneer Inc., Flywire Corporation, Upstart Holdings Inc., ClearXchange LLC, Netspend Corporation
The p2p payment market report table of contents includes:
1. Executive Summary
2. P2P Payment Market Characteristics
3. P2P Payment Market Trends And Strategies
4. P2P Payment Market – Macro Economic Scenario
5. Global P2P Payment Market Size and Growth
…………………….
32. Global P2P Payment Market Competitive Benchmarking
33. Global P2P Payment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The P2P Payment Market
35. P2P Payment Market Future Outlook and Potential Analysis
36. Appendix
Explore the trending research reports from TBRC:
https://goodprnews.com/word-processing-software-global-market-size/
https://goodprnews.com/limestone-global-market-size/
https://goodprnews.com/luxury-writing-instruments-and-stationery-global-market-size/
https://topprnews.com/word-processing-software-global-market-share/
https://topprnews.com/limestone-global-market-share/
https://topprnews.com/luxury-writing-instruments-and-stationery-global-market-share/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
