Press release
P2P Payment Market:key drivers, restraints, opportunities, current trends and future estimations 2025
Person-to-person payments (P2P) is the online technology that allows customers to transfer funds from their bank account or credit card to another individual's account via the Internet. It is based on the successful PayPal approach where customers establish secure connection of accounts with a trusted third-party vendor, designating their bank account or credit card information for transferring and accepting funds. An alternative approach is where customers use an online interface or mobile application to assign the amount of funds to be transferred.
The increased acceptance of online banking, mobile banking, and e-commerce by consumers makes way for greater use of person-to-person payments. As smartphones and tablets become an increasingly popular mode of everyday applications, popular cash payment applications such as Venmo and Google Wallet help customers use of P2P payments. The P2P market is expected to experience growth owing to increase in usage of online shopping and banking applications. However, increase in cyberattacks and identity thefts are limit the growth of the market.
Access full report @ https://www.alliedmarketresearch.com/P2P-payment-market
The key Players
• PayPal Pte. Ltd.
• Tencent.
• Square, Inc.
• Circle Internet Financial Limited
• clearXchange.
• SnapCash
• Dwolla, Inc.
• TransferWise Ltd.
• CurrencyFair LTD
• One97 Communications Ltd.
The person-to-person payments market is segmented based on transaction mode, type of purchase, location, application, and geography. On the basis of transaction mode, the market is divided into NFC/smartcard, SMS, and mobile apps. On the basis of location, it is bifurcated into remote payments and proximity payments. By type of purchase, the market is classified by airtime transfer & top-ups, money transfers & payments, merchandise & coupons, and travel & ticketing. By applications, it is categorized into retail payments, travels & hospitality payments, transportation & logistics payments, energy & utilities payments, and others. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-toc-and-sample/2568
Key Benefits
• The study provides an in-depth analysis of the person-to-person payments market with current and future trends to elucidate the imminent investment pockets in the market.
• The report provides information about the key drivers, restraints, and opportunities.
• Quantitative analysis of the current trends and future estimations from 2017 to 2023 are provided to showcase the financial competence of the market.
• Porter’s Five Forces model analysis of the industry illustrates the potency of the buyers and suppliers participating in the market.
About us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
Contact:
David Correa
5933 NE Win Sivers Drive,
#205, Portland, OR 97220,
United States.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
The increased acceptance of online banking, mobile banking, and e-commerce by consumers makes way for greater use of person-to-person payments. As smartphones and tablets become an increasingly popular mode of everyday applications, popular cash payment applications such as Venmo and Google Wallet help customers use of P2P payments. The P2P market is expected to experience growth owing to increase in usage of online shopping and banking applications. However, increase in cyberattacks and identity thefts are limit the growth of the market.
Access full report @ https://www.alliedmarketresearch.com/P2P-payment-market
The key Players
• PayPal Pte. Ltd.
• Tencent.
• Square, Inc.
• Circle Internet Financial Limited
• clearXchange.
• SnapCash
• Dwolla, Inc.
• TransferWise Ltd.
• CurrencyFair LTD
• One97 Communications Ltd.
The person-to-person payments market is segmented based on transaction mode, type of purchase, location, application, and geography. On the basis of transaction mode, the market is divided into NFC/smartcard, SMS, and mobile apps. On the basis of location, it is bifurcated into remote payments and proximity payments. By type of purchase, the market is classified by airtime transfer & top-ups, money transfers & payments, merchandise & coupons, and travel & ticketing. By applications, it is categorized into retail payments, travels & hospitality payments, transportation & logistics payments, energy & utilities payments, and others. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-toc-and-sample/2568
Key Benefits
• The study provides an in-depth analysis of the person-to-person payments market with current and future trends to elucidate the imminent investment pockets in the market.
• The report provides information about the key drivers, restraints, and opportunities.
• Quantitative analysis of the current trends and future estimations from 2017 to 2023 are provided to showcase the financial competence of the market.
• Porter’s Five Forces model analysis of the industry illustrates the potency of the buyers and suppliers participating in the market.
About us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
Contact:
David Correa
5933 NE Win Sivers Drive,
#205, Portland, OR 97220,
United States.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
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