Market Overview
The Global Person to person payment market was valued at 80Billion in 2023 and is expected to reach 150Billion by 2019, growing at a compound annual growth rate (CAGR) of 12.00% over the forecast period. This steady growth is driven by factors such as increasing demand, technological innovations, and rising investments across the industry. Furthermore, expanding applications in various sectors, coupled with an emphasis on sustainability and innovation, are anticipated to further propel market expansion. The projected growth reflects the industry's evolving landscape and emerging opportunities within the Person to person payment market.Person to person payment Market Size in (USD Billion) CAGR Growth Rate 12.00%
| Study Period | 2019-2031 |
| Market Size (2023): | 80Billion |
| Market Size (2031): | 150Billion |
| CAGR (2023 - 2031): | 12.00% |
| Fastest Growing Region | North America |
| Dominating Region | North America |
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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.
Regulatory Landscape
Regional Insights
The Person to person payment market exhibits significant regional variation, shaped by different economic conditions and consumer behaviours.- North America: High disposable incomes and a robust e-commerce sector are driving demand for premium and convenient products.
- Europe: Fragmented market where Western Europe emphasizes luxury and organic products, while Eastern Europe experiences rapid growth.
- Asia-Pacific: Urbanization and a growing middle class drive demand for both high-tech and affordable products, positioning the region as a fast-growing market.
- Latin America: Economic fluctuations make affordability a key factor, with Brazil and Mexico leading the way in market expansion.
- Middle East & Africa: Luxury products are prominent in the Gulf States, while Sub-Saharan Africa sees gradual market growth, influenced by local preferences.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
North America
Dominating Region
North America
Major Regulatory Bodies Worldwide
- U.S. Food and Drug Administration (FDA): Oversees the approval and regulation of pharmaceuticals, medical devices, and biologics in the U.S., setting high standards for product safety and efficacy.
- European Medicines Agency (EMA): Provides centralized drug approvals in the EU, ensuring uniform safety and efficacy standards across member states.
- Health Canada: and medical devices, maintaining high-quality standards in line with international regulations but adapted to national health needs.
- World Health Organization (WHO): While not a direct regulatory body, WHO sets international health standards that influence Global regulations and policies.
- The National Medical Products Administration (NMPA) regulates China's drug and medical device industry, increasingly aligning with Global standards to facilitate market access.
SWOT Analysis in the Healthcare Industry
- Strengths: internal advantages such as cutting-edge technology, a skilled workforce, and a strong brand presence (e.g., hospitals with specialized staff and modern equipment).
- Weaknesses: internal challenges, including outdated infrastructure, high operational costs, or inefficiencies in innovation.
- Opportunities: external growth drivers like new medical technologies, expanding markets, and favorable policies.
- Threats: external risks including intensified competition, regulatory changes, and economic fluctuations (e.g., new entrants with disruptive technologies).
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Market Segmentation
Segmentation by Type
- Mobile payment apps
- digital wallets
- QR-based systems
- bank transfer services
Segmentation by Application
- E-commerce
- financial services
- retail
- social networks
- freelancing platforms
Person to person payment Market Segmentation by Application
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Primary and Secondary Research
- Primary Research: The research involves direct data collection through methods like surveys, interviews, and clinical trials, providing real-time insights into patient needs, regulatory impacts, and market demand.
- Secondary Research: Analyzes existing data from sources like industry reports, academic journals, and market studies, offering a broad understanding of market trends and validating primary research findings. Combining both methods enables healthcare organizations to build data-driven strategies and make well-informed decisions.
Person to person payment Market Dynamics
Influencing Trend:- Cashless society
Market Growth Drivers:
- Growing Acceptance Of Online Banking
- Increasing No Of Digital Devices Like Smart-Phones
- Mobiles Etc
Challenges:
- Security
- Fraud Prevention
Opportunities:
- Growing Digital Driven Lifestyle
Market Estimation Process
Optimizing Market Strategy: Leveraging Bottom-Up, Top-Down Approaches & Data Triangulation- Bottom-Up Approach: Aggregates granular data, such as individual sales or product units, to calculate overall market size, providing detailed insights into specific segments.
- Top-Down Approach: begins with broader market estimates and breaks them into segments, relying on macroeconomic trends and industry data for strategic planning.
- Data Triangulation: Combines multiple data sources (e.g., surveys, reports, expert interviews) to validate findings, ensuring accuracy and reducing bias.
Report Important Highlights
| Report Features | Details |
| Base Year | 2023 |
| Based Year Market Size 2023 | 80Billion |
| Historical Period | 2019 to 2023 |
| CAGR 2023 to 2031 | 12.00% |
| Forecast Period | 2025 to 2031 |
| Forecasted Period Market Size 2031 | 150Billion |
| Scope of the Report | Mobile payment apps, digital wallets, QR-based systems, bank transfer services, E-commerce, financial services, retail, social networks, freelancing platforms |
| Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
| Companies Covered | 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) |
| Customization Scope | 15% Free Customization |
| Delivery Format | PDF and Excel through Email |
Regulatory Framework of Market
1. The regulatory framework governing market research reports ensures transparency, accuracy, and adherence to ethical standards throughout data collection and reporting. Compliance with relevant legal and industry guidelines is essential for maintaining credibility and avoiding legal repercussions.2. Data Privacy and Protection: Laws such as the General Data Protection Regulation (GDPR) in the EU and the California Consumer Privacy Act (CCPA) in the US impose strict requirements for handling personal data. Market research firms must ensure that data collection methods adhere to privacy regulations, including securing consent and safeguarding data.
3. Fair Competition: Regulatory agencies like the Federal Trade Commission (FTC) in the US and the Competition and Markets Authority (CMA) in the UK uphold fair competition. Market research reports must be free of bias or misleading content that could distort competition or influence consumer decisions unfairly.
4. Intellectual Property Compliance: Adhering to copyright laws ensures that proprietary data and third-party insights used in research reports are legally sourced and properly cited, protecting against intellectual property infringement.
5. Ethical Standards: Professional bodies like the Market Research Society (MRS) and the American Association for Public Opinion Research (AAPOR) establish ethical guidelines that promote responsible, transparent research practices, ensuring that respondents’ rights are protected and findings are presented objectively.
Research Methodology
The top-down and bottom-up approaches estimate and validate the size of the Global Person to person payment market. To reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed, such as NAICS, ICB, and SIC, to penetrate deep into critical geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in the Harbor Management Software market. To make a priority list, companies are sorted based on revenue generated in the latest reporting, using paid sources. Finally, the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting a prior appointment. This helps us gather the data for the player's revenue, OPEX, profit margins, product or service growth, etc. Almost 80% of data is collected through primary sources and further validation is done through various secondary sources that include Regulators, World Bank, Associations, Company Websites, SEC filings, white papers, OTC BB, Annual reports, press releases, etc.Person to person payment - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Person to person payment Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Person to person payment Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Person to person payment Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Growing Acceptance Of Online Banking
- 3.1.2 Increasing No Of Digital Devices Like Smart-Phones
- 3.1.3 Mobiles Etc
-
3.2 Available Opportunities
- 3.2.1 Growing Digital Driven Lifestyle
- 3.2.2 Growing Online Shopping And Banking Applications
-
3.3 Influencing Trends
- 3.3.1 Cashless society
- 3.3.2 peer-to-peer economy
-
3.4 Challenges
- 3.4.1 Security
- 3.4.2 fraud prevention
- 3.4.3 regulatory issues
- 3.5 Regional Dynamics
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Sectional Purchase
Chapter 4 : Global Person to person payment Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Person to person payment Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Person to person payment : Competition Benchmarking & Performance Evaluation
- 5.1 Global Person to person payment Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Person to person payment Revenue 2023
- 5.3 BCG Matrix
- 5.3 Market Entropy
- 5.4 FPNV Positioning Matrix
- 5.5 Heat Map Analysis
Chapter 6: Global Person to person payment Market: Company Profiles
- 6.1 PayPal Pte. Ltd (United States)
- 6.1.1 PayPal Pte. Ltd (United States) Company Overview
- 6.1.2 PayPal Pte. Ltd (United States) Product/Service Portfolio & Specifications
- 6.1.3 PayPal Pte. Ltd (United States) Key Financial Metrics
- 6.1.4 PayPal Pte. Ltd (United States) SWOT Analysis
- 6.1.5 PayPal Pte. Ltd (United States) Development Activities
- 6.2 Tencent (China)
- 6.3 Square
- 6.4 Inc (United States)
- 6.5 Circle Internet Financial Limited (Ireland)
- 6.6 ClearXchange (United States)
- 6.7 Stripe (Germany)
- 6.8 TransferWise Ltd (United Kingdom)
- 6.9 CurrencyFair LTD (Ireland)
- 6.10 One97 Communications Ltd (India)
- 6.11 Phonepe(India)
- 6.12 MobiKwik (India)
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Sectional Purchase
Chapter 7 : Global Person to person payment by Type & Application (2019-2031)
-
7.1 Global Person to person payment Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Mobile Payment Apps
- 7.1.2 Digital Wallets
- 7.1.3 QR-based Systems
- 7.1.4 Bank Transfer Services
- 7.1.5 P2P Lending Platforms
-
7.2 Global Person to person payment Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 E-commerce
- 7.2.2 Financial Services
- 7.2.3 Retail
- 7.2.4 Social Networks
- 7.2.5 Freelancing Platforms
- 7.3 Global Person to person payment Market Revenue Analysis (USD Million) by Type (2023-2031)
- 7.4 Global Person to person payment Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America Person to person payment Market Breakdown by Country, Type & Application
- 8.1 North America Person to person payment Market by Country (USD Million) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Person to person payment Market by Type (USD Million) [2019-2023]
- 8.2.1 Mobile Payment Apps
- 8.2.2 Digital Wallets
- 8.2.3 QR-based Systems
- 8.2.4 Bank Transfer Services
- 8.2.5 P2P Lending Platforms
-
8.3 North America Person to person payment Market by Application (USD Million) [2019-2023]
- 8.3.1 E-commerce
- 8.3.2 Financial Services
- 8.3.3 Retail
- 8.3.4 Social Networks
- 8.3.5 Freelancing Platforms
- 8.4 North America Person to person payment Market by Country (USD Million) [2024-2031]
- 8.5 North America Person to person payment Market by Type (USD Million) [2024-2031]
- 8.6 North America Person to person payment Market by Application (USD Million) [2024-2031]
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Sectional Purchase
Chapter 9 : LATAM Person to person payment Market Breakdown by Country, Type & Application
- 9.1 LATAM Person to person payment Market by Country (USD Million) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Person to person payment Market by Type (USD Million) [2019-2023]
- 9.2.1 Mobile Payment Apps
- 9.2.2 Digital Wallets
- 9.2.3 QR-based Systems
- 9.2.4 Bank Transfer Services
- 9.2.5 P2P Lending Platforms
-
9.3 LATAM Person to person payment Market by Application (USD Million) [2019-2023]
- 9.3.1 E-commerce
- 9.3.2 Financial Services
- 9.3.3 Retail
- 9.3.4 Social Networks
- 9.3.5 Freelancing Platforms
- 9.4 LATAM Person to person payment Market by Country (USD Million) [2024-2031]
- 9.5 LATAM Person to person payment Market by Type (USD Million) [2024-2031]
- 9.6 LATAM Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 10 : West Europe Person to person payment Market Breakdown by Country, Type & Application
- 10.1 West Europe Person to person payment Market by Country (USD Million) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Person to person payment Market by Type (USD Million) [2019-2023]
- 10.2.1 Mobile Payment Apps
- 10.2.2 Digital Wallets
- 10.2.3 QR-based Systems
- 10.2.4 Bank Transfer Services
- 10.2.5 P2P Lending Platforms
-
10.3 West Europe Person to person payment Market by Application (USD Million) [2019-2023]
- 10.3.1 E-commerce
- 10.3.2 Financial Services
- 10.3.3 Retail
- 10.3.4 Social Networks
- 10.3.5 Freelancing Platforms
- 10.4 West Europe Person to person payment Market by Country (USD Million) [2024-2031]
- 10.5 West Europe Person to person payment Market by Type (USD Million) [2024-2031]
- 10.6 West Europe Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 11 : Central & Eastern Europe Person to person payment Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Person to person payment Market by Country (USD Million) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Person to person payment Market by Type (USD Million) [2019-2023]
- 11.2.1 Mobile Payment Apps
- 11.2.2 Digital Wallets
- 11.2.3 QR-based Systems
- 11.2.4 Bank Transfer Services
- 11.2.5 P2P Lending Platforms
-
11.3 Central & Eastern Europe Person to person payment Market by Application (USD Million) [2019-2023]
- 11.3.1 E-commerce
- 11.3.2 Financial Services
- 11.3.3 Retail
- 11.3.4 Social Networks
- 11.3.5 Freelancing Platforms
- 11.4 Central & Eastern Europe Person to person payment Market by Country (USD Million) [2024-2031]
- 11.5 Central & Eastern Europe Person to person payment Market by Type (USD Million) [2024-2031]
- 11.6 Central & Eastern Europe Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 12 : Northern Europe Person to person payment Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Person to person payment Market by Country (USD Million) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Person to person payment Market by Type (USD Million) [2019-2023]
- 12.2.1 Mobile Payment Apps
- 12.2.2 Digital Wallets
- 12.2.3 QR-based Systems
- 12.2.4 Bank Transfer Services
- 12.2.5 P2P Lending Platforms
-
12.3 Northern Europe Person to person payment Market by Application (USD Million) [2019-2023]
- 12.3.1 E-commerce
- 12.3.2 Financial Services
- 12.3.3 Retail
- 12.3.4 Social Networks
- 12.3.5 Freelancing Platforms
- 12.4 Northern Europe Person to person payment Market by Country (USD Million) [2024-2031]
- 12.5 Northern Europe Person to person payment Market by Type (USD Million) [2024-2031]
- 12.6 Northern Europe Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 13 : Southern Europe Person to person payment Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Person to person payment Market by Country (USD Million) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Person to person payment Market by Type (USD Million) [2019-2023]
- 13.2.1 Mobile Payment Apps
- 13.2.2 Digital Wallets
- 13.2.3 QR-based Systems
- 13.2.4 Bank Transfer Services
- 13.2.5 P2P Lending Platforms
-
13.3 Southern Europe Person to person payment Market by Application (USD Million) [2019-2023]
- 13.3.1 E-commerce
- 13.3.2 Financial Services
- 13.3.3 Retail
- 13.3.4 Social Networks
- 13.3.5 Freelancing Platforms
- 13.4 Southern Europe Person to person payment Market by Country (USD Million) [2024-2031]
- 13.5 Southern Europe Person to person payment Market by Type (USD Million) [2024-2031]
- 13.6 Southern Europe Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 14 : East Asia Person to person payment Market Breakdown by Country, Type & Application
- 14.1 East Asia Person to person payment Market by Country (USD Million) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Person to person payment Market by Type (USD Million) [2019-2023]
- 14.2.1 Mobile Payment Apps
- 14.2.2 Digital Wallets
- 14.2.3 QR-based Systems
- 14.2.4 Bank Transfer Services
- 14.2.5 P2P Lending Platforms
-
14.3 East Asia Person to person payment Market by Application (USD Million) [2019-2023]
- 14.3.1 E-commerce
- 14.3.2 Financial Services
- 14.3.3 Retail
- 14.3.4 Social Networks
- 14.3.5 Freelancing Platforms
- 14.4 East Asia Person to person payment Market by Country (USD Million) [2024-2031]
- 14.5 East Asia Person to person payment Market by Type (USD Million) [2024-2031]
- 14.6 East Asia Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 15 : Southeast Asia Person to person payment Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Person to person payment Market by Country (USD Million) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Person to person payment Market by Type (USD Million) [2019-2023]
- 15.2.1 Mobile Payment Apps
- 15.2.2 Digital Wallets
- 15.2.3 QR-based Systems
- 15.2.4 Bank Transfer Services
- 15.2.5 P2P Lending Platforms
-
15.3 Southeast Asia Person to person payment Market by Application (USD Million) [2019-2023]
- 15.3.1 E-commerce
- 15.3.2 Financial Services
- 15.3.3 Retail
- 15.3.4 Social Networks
- 15.3.5 Freelancing Platforms
- 15.4 Southeast Asia Person to person payment Market by Country (USD Million) [2024-2031]
- 15.5 Southeast Asia Person to person payment Market by Type (USD Million) [2024-2031]
- 15.6 Southeast Asia Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 16 : South Asia Person to person payment Market Breakdown by Country, Type & Application
- 16.1 South Asia Person to person payment Market by Country (USD Million) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Person to person payment Market by Type (USD Million) [2019-2023]
- 16.2.1 Mobile Payment Apps
- 16.2.2 Digital Wallets
- 16.2.3 QR-based Systems
- 16.2.4 Bank Transfer Services
- 16.2.5 P2P Lending Platforms
-
16.3 South Asia Person to person payment Market by Application (USD Million) [2019-2023]
- 16.3.1 E-commerce
- 16.3.2 Financial Services
- 16.3.3 Retail
- 16.3.4 Social Networks
- 16.3.5 Freelancing Platforms
- 16.4 South Asia Person to person payment Market by Country (USD Million) [2024-2031]
- 16.5 South Asia Person to person payment Market by Type (USD Million) [2024-2031]
- 16.6 South Asia Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 17 : Central Asia Person to person payment Market Breakdown by Country, Type & Application
- 17.1 Central Asia Person to person payment Market by Country (USD Million) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Person to person payment Market by Type (USD Million) [2019-2023]
- 17.2.1 Mobile Payment Apps
- 17.2.2 Digital Wallets
- 17.2.3 QR-based Systems
- 17.2.4 Bank Transfer Services
- 17.2.5 P2P Lending Platforms
-
17.3 Central Asia Person to person payment Market by Application (USD Million) [2019-2023]
- 17.3.1 E-commerce
- 17.3.2 Financial Services
- 17.3.3 Retail
- 17.3.4 Social Networks
- 17.3.5 Freelancing Platforms
- 17.4 Central Asia Person to person payment Market by Country (USD Million) [2024-2031]
- 17.5 Central Asia Person to person payment Market by Type (USD Million) [2024-2031]
- 17.6 Central Asia Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 18 : Oceania Person to person payment Market Breakdown by Country, Type & Application
- 18.1 Oceania Person to person payment Market by Country (USD Million) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Person to person payment Market by Type (USD Million) [2019-2023]
- 18.2.1 Mobile Payment Apps
- 18.2.2 Digital Wallets
- 18.2.3 QR-based Systems
- 18.2.4 Bank Transfer Services
- 18.2.5 P2P Lending Platforms
-
18.3 Oceania Person to person payment Market by Application (USD Million) [2019-2023]
- 18.3.1 E-commerce
- 18.3.2 Financial Services
- 18.3.3 Retail
- 18.3.4 Social Networks
- 18.3.5 Freelancing Platforms
- 18.4 Oceania Person to person payment Market by Country (USD Million) [2024-2031]
- 18.5 Oceania Person to person payment Market by Type (USD Million) [2024-2031]
- 18.6 Oceania Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 19 : MEA Person to person payment Market Breakdown by Country, Type & Application
- 19.1 MEA Person to person payment Market by Country (USD Million) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Person to person payment Market by Type (USD Million) [2019-2023]
- 19.2.1 Mobile Payment Apps
- 19.2.2 Digital Wallets
- 19.2.3 QR-based Systems
- 19.2.4 Bank Transfer Services
- 19.2.5 P2P Lending Platforms
-
19.3 MEA Person to person payment Market by Application (USD Million) [2019-2023]
- 19.3.1 E-commerce
- 19.3.2 Financial Services
- 19.3.3 Retail
- 19.3.4 Social Networks
- 19.3.5 Freelancing Platforms
- 19.4 MEA Person to person payment Market by Country (USD Million) [2024-2031]
- 19.5 MEA Person to person payment Market by Type (USD Million) [2024-2031]
- 19.6 MEA Person to person payment Market by Application (USD Million) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Global Person to person payment market size surpassed 80Billion in 2023 and will expand at a CAGR of 12.00% between 2023 and 2031.
The Person to person payment Market is predicted to grow at a CAGR of 12.00%.
Cashless Society, Peer-to-peer Economy are seen to make big Impact on Person to person payment Market Growth.
The leaders in the Global Person to person payment Market such as 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), MobiKwik (India) are targeting innovative and differentiated growth drivers some of them are Growing Acceptance Of Online Banking,,
Increasing No Of Digital Devices Like Smart-Phones, Mobiles Etc ,,
Business transformation in Person to person payment Market has taken hold due to the confluence of several important triggers, some of them are Security, Fraud Prevention, Regulatory Issues.
The market opportunity is clear from the flow of investment into Global Person to person payment Market, some of them are Growing Digital Driven Lifestyle ,,
Growing Online Shopping And Banking Applications.
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), MobiKwik (India) are the major operating companies profiled in Person to person payment market study.
The Global Person to person payment Market Study is Broken down by applications such as E-commerce, financial services, retail, social networks, freelancing platforms.
The Global Person to person payment Market Study is segmented by Mobile payment apps, digital wallets, QR-based systems, bank transfer services, P2P lending platforms.
The Global Person to person payment Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - 2023; Base year: 2023; Forecast period: 2025 to 2031
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.
