Press Release

Fatpos Global

Global P2P Payment Market Size, Share and Forecast 2020-2030.

June 8th, 2021 11:53 AM

Global P2P Payment Market to surpass USD 1927.23 million by 2030 from USD 5491.60 million in 2020 at a CAGR of 12.10% in the coming years, i.e., 2021-30. The growing demand for non-cash payments and the number of mobile and computer owners are the key drivers of market growth. In addition, growing public support will provide ample business growth opportunities. P2P payments are providing consumers with greater conviction, accessibility and have simplified, faster and cheaper transfers. Users can send and receive payments anywhere with the cell phone. This transaction is easy for each computer to configure and retain. Each user is his/her system administrator and can manage his/her shared sources. Moreover, there are relatively lower total costs to create and operate this form of network.

The online solution enables users to transfer funds from the bank account or credit card to another person’s account via Internet, is person-to-person payments (P2P). The effective PayPal approach involves clients establishing a secure connection between accounts and a reliable party client to designate their bank account or credit card details for money transfer and acceptance. An alternative solution is to provide the number of funds to be transmitted with customers using an online interface or mobile application.

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  • Market size & share analysis
  • Top market players with sales, revenue, and business strategies analysis
  • Market growth drivers and restraints
  • Market opportunities & challenges
  • Research methodology

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Global P2P Payment Market: Key Players

  • One97 Communications Ltd.
  • ClearXchange
  • CurrencyFair Ltd.
  • PayPal Pte Ltd
  • TransferWise Ltd.
  • Circle Internet Financial Limited
  • SnapCash
  • Dwolla Inc.
  • Square Inc.
  • Tencent
  • Other Prominent Players

Global P2P Payment Market: Segments

NFC/smartcard segment to grow with the highest CAGR during 2020-30

Global P2P Payment Market is segmented by Transaction mode into NFC/Smartcard, SMS, and Mobile Apps. High demand in the NFC/smartcard category would probably help customers serve better by offering them a simple and hassle-free payment process.

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Global P2P Payment Market Dynamics

Drivers

Lower operational cost

P2P payment platform aims to minimize operating costs by lowering the costs of physical branches, hiring, and branch management, thus increasing business growth. Peer to peer payment network offers an effective framework to ensure repayment mechanism for borrowers, which reduces the investor’s market risk. With the aid of a person-to-person payment service, investors can reduce various types of market risks such as interest rate, unemployment levels, and risk of property prices, which further positively impact global business development.

Restraint

Risk Involved

Most people prefer to choose banks over person-to-person payment services as they may pose potential risks and this is an important factor expected to hinder global person-to-person payment market revenue growth. Consequently, service providers are at risk as they provide guarantees against the debt without any collateral, which can result in a loss to providers. That’s another aspect that might negatively affect global person-to-person lending market growth.

Browse detail report with in-depth TOC@ https://www.fatposglobal.com/reports/global-p2p-payment-market/646

Global P2P Payment Market report also contains analysis on:

  • By Transaction mode
    • NFC/Smartcard
    • SMS
    • Mobile Apps
  • By End-User
    • Consumer Credit payment
    • Real Estate payments
    • Student payment
    • Small Business payment

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About us

Fatpos Global stands for “Failures Are The Pillar of Success”. We are a rapidly-growing global management consulting, advisory, and market research services provider that aims to aid businesses with bold decisions that help them embrace change for their sustainable growth. With the help of our experts and industry veterans and their years of expertise across different industry verticals, we aid businesses with solutions that help in their efficient decision making and Developing executable strategies. With a vibrant ecosystem of robust digital innovation and a vision for the delivery of management consulting, advisory, and market research services and solutions in better, faster, and transformational growth strategies, we thrive to enable our extraordinary thought leadership processes into our services with the equitable analytical tools and experiences that help us make our clients achieve their goals turn into a reality

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