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Global P2P Payment Market Size study & Forecast, by Transaction Mode (Mobile Web Payments, Near Field Communication, SMS/Direct Carrier Billing), Payment Type (Remote and Proximity), End User (Personal and Business), and Application (Media & Entertainment, Energy & Utilities, Healthcare, Retail and Hospitality & Transportation) and Regional Analysis, 2022-2029

February 2023 | 200 pages | ID: GA12741234ADEN
Bizwit Research & Consulting LLP

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Global P2P Payment Market is valued at approximately USD 2215.98 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 17.3% over the forecast period 2022-2029. P2P Payment or Peer to Peer payment refers to a payment processing method that enables an individual to directly send money to another individual. Moreover, Funds are debited from the user's bank account and credited to the recipient's account. Different modes of transaction can be used for P2P payment such as mobile-based applications, NFC-enabled devices, POS (Point of Sale), and card swipe machines among others. The increasing adoption of digital payments and growing smartphone penetration as well as strategic recent initiatives from market players are key factors driving the market growth.

The increasing adoption of digital payment solutions in post covid era is contributing to the growth of the Global P2P Payment Market. For instance, according to Statista – as of 2022, the transaction value in the Digital Payments segment is estimated at USD 8.49 trillion, and the total transaction value is projected to show an annual growth rate of 12.31% between 2022 and 2027 to reach USD 15.17 trillion by 2027. Moreover, in India digital payments have reached over USD 2.92 billion. Also, the increasing growth of Mobile commerce and the rising expansion of the B2B e-commerce sector would create a lucrative growth prospectus for the market over the forecast period. However, the lack of high-speed internet connectivity in developing regions and rising concern over data security and privacy stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global P2P Payment Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and the increasing expansion of the banking and financial services sector in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising smartphone penetration, the presence of leading market players and increasing expansion of mobile commerce in the region.

Major market player included in this report are:
Alibaba Group Holding Limited
Apple Inc.
Circle International Financial Limited
Google LLC
One97 Communications Limited (Paytm)
PayPal Holdings Inc.
Square, Inc.
WePay Inc.
Wise Payments Limited
Zelle LLC
Recent Developments in the Market:
In April 2019, Amazon Inc. has announced the launch of person-to-person (P2P) payments via Amazon Pay for Android users in India. This new P2P service would enable the users to make payments from their bank account to local stores, and Amazon delivery associates at the comfort of their doorstep.

In October 2022, Jack Henry & Associates, Inc. rolled out its new person-to-person (P2P) payments solution. This new Open-loop, cloud-native, AI-driven solution is intended for financial institutions. Moreover, this new solution is Powered by the Payrailz® Digital Payments Platform, which was acquired by Jack Henry on September 1, 2022.

Global P2P Payment Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Transaction Mode, Payment Type, End User, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Transaction Mode
Mobile Web Payments
Near Field Communication
SMS/Direct Carrier Billing
By Payment Type
Remote
Proximity
By End User
Personal
Business
By Application
Media & Entertainment
Energy & Utilities
Healthcare
Retail
Hospitality & Transportation

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. P2P Payment Market, by Region, 2019-2029 (USD Billion)
  1.2.2. P2P Payment Market, by Transaction Mode, 2019-2029 (USD Billion)
  1.2.3. P2P Payment Market, by Payment Type, 2019-2029 (USD Billion)
  1.2.4. P2P Payment Market, by End User, 2019-2029 (USD Billion)
  1.2.5. P2P Payment Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL P2P PAYMENT MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL P2P PAYMENT MARKET DYNAMICS

3.1. P2P Payment Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Increasing adoption of digital payments
    3.1.1.2. Growing smartphone penetration
    3.1.1.3. Strategic initiatives from leading market players
  3.1.2. Market Challenges
    3.1.2.1. Lack of high-speed internet connectivity in developing regions
  3.1.3. Market Opportunities
    3.1.3.1. Increasing growth of Mobile commerce
    3.1.3.2. Rising expansion of B2B e-commerce sector

CHAPTER 4. GLOBAL P2P PAYMENT MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL P2P PAYMENT MARKET, BY TRANSACTION MODE

6.1. Market Snapshot
6.2. Global P2P Payment Market by Transaction Mode, Performance - Potential Analysis
6.3. Global P2P Payment Market Estimates & Forecasts by Transaction Mode 2019-2029 (USD Billion)
6.4. P2P Payment Market, Sub Segment Analysis
  6.4.1. Mobile Web Payments
  6.4.2. Near Field Communication
  6.4.3. SMS/Direct Carrier Billing

CHAPTER 7. GLOBAL P2P PAYMENT MARKET, BY PAYMENT TYPE

7.1. Market Snapshot
7.2. Global P2P Payment Market by Payment Type, Performance - Potential Analysis
7.3. Global P2P Payment Market Estimates & Forecasts by Payment Type 2019-2029 (USD Billion)
7.4. P2P Payment Market, Sub Segment Analysis
  7.4.1. Remote
  7.4.2. Proximity

CHAPTER 8. GLOBAL P2P PAYMENT MARKET, BY END USER

8.1. Market Snapshot
8.2. Global P2P Payment Market by End User, Performance - Potential Analysis
8.3. Global P2P Payment Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
8.4. P2P Payment Market, Sub Segment Analysis
  8.4.1. Personal
  8.4.2. Business

CHAPTER 9. GLOBAL P2P PAYMENT MARKET, BY APPLICATION

9.1. Market Snapshot
9.2. Global P2P Payment Market by Application, Performance - Potential Analysis
9.3. Global P2P Payment Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
9.4. P2P Payment Market, Sub Segment Analysis
  9.4.1. Media & Entertainment
  9.4.2. Energy & Utilities
  9.4.3. Healthcare
  9.4.4. Retail
  9.4.5. Hospitality & Transportation

CHAPTER 10. GLOBAL P2P PAYMENT MARKET, REGIONAL ANALYSIS

10.1. P2P Payment Market, Regional Market Snapshot
10.2. North America P2P Payment Market
  10.2.1. U.S. P2P Payment Market
    10.2.1.1. Transaction Mode breakdown estimates & forecasts, 2019-2029
    10.2.1.2. Payment Type breakdown estimates & forecasts, 2019-2029
    10.2.1.3. End User breakdown estimates & forecasts, 2019-2029
    10.2.1.4. Application breakdown estimates & forecasts, 2019-2029
  10.2.2. Canada P2P Payment Market
10.3. Europe P2P Payment Market Snapshot
  10.3.1. U.K. P2P Payment Market
  10.3.2. Germany P2P Payment Market
  10.3.3. France P2P Payment Market
  10.3.4. Spain P2P Payment Market
  10.3.5. Italy P2P Payment Market
  10.3.6. Rest of Europe P2P Payment Market
10.4. Asia-Pacific P2P Payment Market Snapshot
  10.4.1. China P2P Payment Market
  10.4.2. India P2P Payment Market
  10.4.3. Japan P2P Payment Market
  10.4.4. Australia P2P Payment Market
  10.4.5. South Korea P2P Payment Market
  10.4.6. Rest of Asia Pacific P2P Payment Market
10.5. Latin America P2P Payment Market Snapshot
  10.5.1. Brazil P2P Payment Market
  10.5.2. Mexico P2P Payment Market
  10.5.3. Rest of Latin America P2P Payment Market
10.6. Rest of The World P2P Payment Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Top Market Strategies
11.2. Company Profiles
  11.2.1. Alibaba Group Holding Limited
    11.2.1.1. Key Information
    11.2.1.2. Overview
    11.2.1.3. Financial (Subject to Data Availability)
    11.2.1.4. Product Summary
    11.2.1.5. Recent Developments
  11.2.2. Apple Inc.
  11.2.3. Circle International Financial Limited
  11.2.4. Google LLC
  11.2.5. One97 Communications Limited (Paytm)
  11.2.6. PayPal Holdings Inc.
  11.2.7. Square, Inc.
  11.2.8. WePay Inc.
  11.2.9. Wise Payments Limited
  11.2.10. Zelle Inc.

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption


LIST OF TABLES

TABLE 1. Global P2P Payment Market, report scope
TABLE 2. Global P2P Payment Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global P2P Payment Market estimates & forecasts by Transaction Mode 2019-2029 (USD Billion)
TABLE 4. Global P2P Payment Market estimates & forecasts by Payment Type 2019-2029 (USD Billion)
TABLE 5. Global P2P Payment Market estimates & forecasts by End User 2019-2029 (USD Billion)
TABLE 6. Global P2P Payment Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 7. Global P2P Payment Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global P2P Payment Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global P2P Payment Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global P2P Payment Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global P2P Payment Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global P2P Payment Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global P2P Payment Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global P2P Payment Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global P2P Payment Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. Global P2P Payment Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 18. U.S. P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. U.S. P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 21. Canada P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. Canada P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 24. UK P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. UK P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 27. Germany P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. Germany P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 30. France P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. France P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 33. Italy P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Italy P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 36. Spain P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. Spain P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 39. RoE P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. RoE P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 42. China P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. China P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 45. India P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. India P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 48. Japan P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. Japan P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 51. South Korea P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. South Korea P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 54. Australia P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. Australia P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 57. RoAPAC P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. RoAPAC P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 60. Brazil P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Brazil P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 63. Mexico P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. Mexico P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 66. RoLA P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. RoLA P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row P2P Payment Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 69. Row P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. Row P2P Payment Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global P2P Payment Market
TABLE 72. List of primary sources, used in the study of global P2P Payment Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global P2P Payment Market, research methodology
FIG 2. Global P2P Payment Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global P2P Payment Market, key trends 2021
FIG 5. Global P2P Payment Market, growth prospects 2022-2029
FIG 6. Global P2P Payment Market, porters 5 force model
FIG 7. Global P2P Payment Market, pest analysis
FIG 8. Global P2P Payment Market, value chain analysis
FIG 9. Global P2P Payment Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global P2P Payment Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global P2P Payment Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global P2P Payment Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global P2P Payment Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global P2P Payment Market, regional snapshot 2019 & 2029
FIG 15. North America P2P Payment Market 2019 & 2029 (USD Billion)
FIG 16. Europe P2P Payment Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific P2P Payment Market 2019 & 2029 (USD Billion)
FIG 18. Latin America P2P Payment Market 2019 & 2029 (USD Billion)
FIG 19. Global P2P Payment Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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