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.
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Top Key Players Covered In this global report:
- Square, Inc.
- Circle Internet Financial Limited
- Ant Financial
- Dwolla, Inc.
- TransferWise Ltd.
- CurrencyFair LTD
- One97 Communications Ltd.
This research report helps the clients understand the various drivers and restraints impacting the market during the forecast period. Person-to-person payments (P2P) market report comprises of data that can be pretty indispensable when it is about dominating the market or making a mark in the market as a latest emergent.
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Segmentation by product type: breakdown data from 2014 to 2019 and forecast to 2024¬†¬†
- Remote Payments
- Proximity Payments
¬†Segmentation by application: breakdown data from 2014 to 2019 and forecast to 2024
- Travels and Hospitality
- Transportation and Logistics
- Energy and Utilities
Table of Content
1 Person-to-person Payment Market Overview
2 Global Person-to-person Payment Market Competition by Manufacturers
3 Global Person-to-person Payment Production Market Share by Regions
4 Global Person-to-person Payment Consumption by Regions
5 Global Person-to-person Payment Production, Revenue, Price Trend by Type
6 Global Person-to-person Payment Market Analysis by Applications
7 Company Profiles and Key Figures in Person-to-person Payment Business
8 Person-to-person Payment Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global Person-to-person Payment Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source
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