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, · D...