Rapid Development in P2P Payment Market by PayPal, Tencent, Square, ClearXchange, SnapCash, Dwolla, TransferWise, Currency Fair LTD, and One97 Communications

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.

Top Key Players:

·        PayPal,

·        Tencent,

·        Square,

·        Circle Internet Financial Limited,

·        clearXchange,

·        SnapCash,

·        Dwolla,

·        TransferWise,

·        Currency Fair LTD,

·        One97 Communications Ltd.

To provide a stronger and stable business outlook, the P2P Payment Market regional outlook has been presented by inspecting several industries across different global regions. Those global regions include North America, Latin America, Asia-pacific, Africa and Europe. Some of the prominent players operating in the different countries are holding the highest share of the global P2P Payment Market. Competitive landscape have been offered by analyzing the competition at the domestic and global level.

Key questions answered through this research report:

• What are the threats and challenges in front of the businesses?

• What is the global P2P Payment market size in the forecast period?

• Who are the highest competitors in the global market?

• Which factors are responsible for driving the global market?

P2P Payment Market Segmentation:

Market segment by Type, the product can be split into

·        NFC/Smartcard

·        SMS

·        Mobile Apps

Market segment by Application, split into

·        Retail Payments

·        Travels & Hospitality Payments

·        Transportation & Logistics Payments

·        Energy & Utilities Payments

·        Others

Analysis tools such as Porter’s five forces analysis and SWOT analysis have also been utilized for analyzing the market data. The major strategies adopted by the already established players for a better penetration in the P2P Payment Market also form a key section of this study. This market report offers a comprehensive analysis of the global market.  Furthermore, each section in this report includes expert insights that will help to address the problem areas experienced in supply chain issues. To make the report easy to understand, the study features graphics, charts, and infographics.

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