Scope of the Study
Person to Person payments are popularly known as P2P Technology or Peer-to-Peer payment which allows the customers to pay funds, bills from their bank account to credit card to another individual (Mall, retailer, bills, tours, tickets, etc) by using mobile phone using internet service by easily installing the specific app of that company. It is an online technology that helps in secure payments. It has made easy payments for various platforms. As there is high adoption of digitization in the world the growing use of E-commerce resulting in demand for online payment services.
The market study is being classified by Type (NFC/Smartcard, SMS and Mobile Apps), by Application (Money transfers & Payments and Easy payments) and major geographies with country level break-up.
PayPal Pte. Ltd (United States), Tencent (China), Square, Inc (United States), Circle Internet Financial Limited (Ireland), ClearXchange (United States), Stripe (Germany), TransferWise Ltd (United Kingdom), CurrencyFair LTD (Ireland), One97 Communications Ltd (India), Phonepe(India) and MobiKwik (India) are some of the key players profiled in the study.
The growing digitization and E-commerce culture in the world result in increasing demand for such payment services. The various features in various apps attracting the ground consumer to highly purchase the app. The top firms providing the services have strong competition to rule over the market acquire maximum profit in the business. In addition, the increasing mergers and acquisitions factors changing the market equation.
AdvanceMarketAnalytics has segmented the market of Global Person to person payment market by Type, Application and Region.
On the basis of geography, the market of Person to person payment has been segmented into . Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Acceptance Of Online Banking
- Increasing No Of Digital Devices Like Smart-Phones, Mobiles Etc
- Growing E-Commerce Application In P2P Technology
- Growing Digital Driven Lifestyle
- Growing Online Shopping And Banking Applications
- Increase In Cyber-Attacks
Market Leaders and their expansionary development strategiesOn 7th February 2020, Square announced it has acquired Canadian company Dessa for its development of business. It will help in machine learning abilities for the company.
On 1st November 2019, Square completed the sale of Caviar to DoorDash.
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Suppliers and Distributors, Government Regulatory, Research Organizations and End-Use Industries
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase