Person to person Payment Market Next Big Thing | Major Giants PayPal, Tencent, Phonepe, MobiKwik

HTF Market Intelligence released a new research report of 150 pages on title 'Global Person to person Payment Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe, Asia-Pacific etc and important players 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) and MobiKwik (India).

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Summary
Person to person payment Market Scope

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.

The market study is being classified by Type (NFC/Smartcard, SMS and Mobile Apps), by Application (Money transfers & Payments and Easy payments) and major geographies with country level break-up.

The growing digitization and E-commerce culture in the world result in increasing demand for such payment services. The various features in various apps attracting the ground consumer to highly purchase the app. The top firms providing the services have strong competition to rule over the market acquire maximum profit in the business. In addition, the increasing mergers and acquisitions factors changing the market equation.

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) and MobiKwik (India) are some of the key players profiled in the study.

Segmentation Overview

Htf Mi has segmented the market of Global Person to person payment market by Type, Application and Region.

On the basis of geography, the market of Person to person payment has been segmented into .

Market Leaders and their expansionary development strategies

On 7th February 2020, Square announced it has acquired Canadian company Dessa for its development of business. It will help in machine learning abilities for the company.
On 1st November 2019, Square completed the sale of Caviar to DoorDash.

Market Trend

Growing E-Commerce Application In P2P Technology

Market Drivers

Growing Acceptance Of Online Banking
Increasing No Of Digital Devices Like Smart-Phones, Mobiles Etc

Opportunities

Growing Digital Driven Lifestyle
Growing Online Shopping And Banking Applications

Restraints

Privacy On Stake

Challenges

Increase In Cyber-Attacks

Key Target Audience

Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Suppliers and Distributors, Government Regulatory, Research Organizations and End-Use Industries

Customization available in this Study:

The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase

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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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