Press release
2023 P2P Payment Market Report: Major Key Players, Application, Growth And Analysis, Forecast To 2032
P2P Payment Market
The Business Research Company's P2P Payment Global Market Report 2023 identifies increase in acceptance of online banking, mobile banking, and e-commerce by consumers as the major driver for the P2P Payment market's growth in the forecast period. Online banking enables users to complete all banking-related tasks, including money transfers, access to historical transactional data, cash withdrawals, deposits, etc., with a single click. Customers can execute financial transactions on a secure website or mobile application with online mobile banking or Internet banking. Due to advanced and convenient features, people adopting online banking and mobile banking is promoting P2P payments market.
The global p2p payment market size grew from $2.62 billion in 2022 to $3.04 billion in 2023 at a compound annual growth rate (CAGR) of 16.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The p2p payment market size is expected to grow to $5.61 billion in 2027 at a CAGR of 16.5%.
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Major competitors in the P2P Payment market are Alibaba Group Holding Limited, Apple Inc., Circle Internet Financial Limited, ClearXchange, CurrencyFair Ltd., Dwolla Inc., Google LLC, One97 Communications Limited, PayPal Holdings Inc., SnapCash, Square Inc., TransferWise Ltd., WePay Inc., Wise Payments Limited, and Zelle
A key trend in the P2P Payment market includes Technological advancement . Companies operating in the P2P payment sector are focused on introducing P2P payment solutions to strengthen their market position
Read More On The Global P2P Payment Market Report Here:
https://www.thebusinessresearchcompany.com/report/p2p-payment-global-market-report
The P2P Payment market is segmented -
1) By Transaction Mode: Mobile Web Payments, Near Field Communication, SMS or Direct Carrier Billing, Other Transaction Modes
2) By Payment Type: Remote, Proximity
3) By Application: Media and Entertainment, Energy and Utilities, Healthcare, Retail, Hospitality and Transportation, Other Applications
4) By End User: Personal, Business
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the P2P Payment market.
The Business Research Company's "Global P2P Payment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The P2P Payment Market Include:
1. Executive Summary
2. P2P Payment Market Characteristics
3. P2P Payment Market Trends And Strategies
4. P2P Payment Market - Macro Economic Scenario
5. P2P Payment Market Size And Growth
........
26. Africa P2P Payment Market
27. P2P Payment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The P2P Payment Market
29. P2P Payment Market Future Outlook and Potential Analysis
30. Appendix
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