2020 P2P Payment Market Growth Scenario with COVID-19 Impact by Early Warning Services, LLC, Fiserv Inc., Google LLC, One97 Communications Limited, PayPal Holdings

P2P payment (Person-to-Person Payment) is the online technology that allows customers to transfer funds from bank account or credit card to another individual's account to another through the Internet. Growing digitalization and an increase in the usage of online shopping and banking applications are significantly contributing to the growth of the P2P payment market.

P2P Payment Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Transaction Mode (NFC/Smartcard, SMS, Mobile Apps); Location (Remote Payments, Proximity Payments); Type of Purchase (Airtime Transfer and Top-Ups, Money Transfers and Payments, Merchandise and Coupons, Travel and Ticketing); Application (Retail Payments, Travels and Hospitality Payments, Transportation and Logistics Payments, Energy and Utilities Payments, Others) and Geography

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MARKET PLAYERS

The reports cover key developments in the P2P payment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from P2P payment market are anticipated to lucrative growth opportunities in the future with the rising demand for P2P payment in the global market. Below mentioned is the list of few companies engaged in the P2P payment market.

The report also includes the profiles of key P2P payment companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- Circle Internet Financial Limited
- CurrencyFair Ltd
- Dwolla, Inc.
- Early Warning Services, LLC
- Fiserv Inc.
- Google LLC
- One97 Communications Limited
- PayPal Holdings, Inc.
- Square, Inc.
- TransferWise Ltd

MARKET DYNAMICS

The increasing acceptance of online banking, mobile banking, and e-commerce are the major driver of the P2P payment market. However, increasing cyberattacks is the key hindering factor for the growth of the P2P payment market growth. Further, growing penetration with smartphones and tablets coupled with the rising popularity of cash payment applications such as Venmo and Google Wallet are also influencing the growth of the P2P payment market.

MARKET SCOPE

The Global P2P payment Market Analysis to 2027 is a specialized and in-depth study of the P2P payment industry with a special focus on the global market trend analysis. The report aims to provide an overview P2P payment market with detailed market segmentation as transaction mode, location, type of purchase, application, and geography. The global P2P payment market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading P2P payment market players and offers key trends and opportunities in the P2P payment market.

MARKET SEGMENTATION

The global P2P payment market is segmented on the basis of transaction mode, location, type of purchase, application. On the basis of transaction mode the market is segmented as NFC/smartcard, SMS, mobile apps. On the basis of location the market is segmented as remote payments, proximity payments. On the basis of type of purchase the market is segmented as airtime transfer and top-ups, money transfers and payments, merchandise and coupons, travel and ticketing. On the basis of application the market is segmented as retail payments, travels and hospitality payments, transportation and logistics payments, energy and utilities payments, others.

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