Global P2P Payment Market Segments: by End User (Real Estate Payments, Consumer Credit Payment, Student Payment, and Small Business Payment); by Transaction Mode (NFC/Smartcard, SMS, and Mobile Apps) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
Online solution enables users to transfer funds from the bank account or credit card to another person's account via Internet, is person to person payments (P2P). The effective PayPal approach involves clients establishing a secure connection between accounts and a reliable party client to designate their bank account or credit card details for money transfer and acceptance. An alternative solution is to provide the number of funds to be transmitted with customers using an online interface or mobile application.
Market Highlights
Global P2P Payment Market is expected to project a notable CAGR of 12.10% in 2030.
Global P2P Payment Market to surpass USD 1927.23 million by 2030 from USD 5491.60 million in 2020 at a CAGR of 12.10% in the coming years, i.e., 2021-30. The growing demand for non-cash payments and the number of mobile and computer owners are the key drivers of market growth. In addition, growing public support will provide ample business growth opportunities. P2P payments are providing consumers with greater conviction, accessibility and have simplified, faster and cheaper transfers. Users can send and receive payments anywhere with the cell phone. This transaction is easy for each computer to configure and retain. Each user is his/her system administrator and can manage his/her shared sources. Moreover, there are relatively lower total costs to create and operate this form of network.
Global P2P Payment Market: Segments
NFC/smartcard segment to grow with the highest CAGR during 2020-30
Global P2P Payment Market is segmented by Transaction mode into NFC/Smartcard, SMS, and Mobile Apps. A high demand in the NFC/smartcard category would probably help customers serve better by offering them a simple and hassle-free payment process.
Small business loan is anticipated to register of the volume share and is expected to grow at the highest CAGR.
Global Peer to Peer payment Market is segmented by end-user into Real Estate payments, Consumer Credit payment, Student payment, and Small Business payment.
This growth is attributed to a spike in the number of small enterprises in nations such as India and Singapore. Nevertheless, during the forecast period, the consumer credit payment segment is expected to rise at the highest pace, due to the significant adoption of consumer credit payment between individuals and businesses to provide financial flexibility, thus providing the peer with a valuable opportunity to compare industry developments in lending.
Global P2P Payment Market Dynamics
Drivers
Lower operational cost
P2P payment platform aims to minimize operating costs by lowering the costs of physical branches, hiring, and branch management, thus increasing business growth. Peer to peer payment network offers an effective framework to ensure repayment mechanism for borrowers, which reduces the investor's market risk. With the aid of a person-to-person payment service, investors can reduce various types of market risks such as interest rate, unemployment levels, and risk of property prices, which further positively impact global business development.
Greater transparency
P2P network payment operates via Internet-based services. The data is publicly accessible and the online providers require access to their websites, giving customers a better image of the accessible loans and types of payment P2P network has a creative advantage over conventional banking structures, owing to the fact that it offers greater market transparency. A prospective borrower submits an application to the platform for approval before a loan is placed on the platform’s website, with all of the risks and interest rates explicitly outlined along with the repayment period.
Restraint
Risk Involved
Most people prefer to choose banks over person-to-person payment services as they may pose potential risks and this is an important factor expected to hinder global person-to-person payment market revenue growth. Consequently, service providers are at risk as they provide guarantees against the debt without any collateral, which can result in a loss to providers. That's another aspect that might negatively affect global person-to-person lending market growth.
Global P2P Payment Market: Key Players
One97 Communications Ltd.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis.
ClearXchange
CurrencyFair Ltd.
PayPal Pte Ltd
TransferWise Ltd.
Circle Internet Financial Limited
SnapCash
Dwolla Inc.
Square Inc.
Tencent
Other Prominent Players
Global P2P Payment Market: Regions
Global P2P Payment Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Global P2P Payment Market in Asia Pacific held the largest market share of XX.X% in the year 2020. Asia Pacific will continue to dominate the global P2P Payment. Asia Pacific is led by China and Indonesia. The most important driving factor for the promising China's P2P lending market is the country's accessibility of advanced FinTech facilities. In addition, limited alternative investment options and higher returns from P2P lending have been attracting investors in the China P2P lending market.
Global P2P Payment Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global P2P Payment Market report also contains analysis on:
By Transaction mode
NFC/Smartcard
SMS
Mobile Apps
By End-User
Consumer Credit payment
Real Estate payments
Student payment
Small Business payment
P2P Payment Market Dynamics
P2P Payment Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Contents
1. Executive Summary
2. Global P2P Payment Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global P2P Payment Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global P2P Payment Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global P2P Payment Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By end user: Market Share (2020-2030F)
1. Real Estate payments, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Consumer Credit payment, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Student payment By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Small Business payment By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Transaction mode: Market Share (2020-2030F)
1. NFC/Smartcard, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. SMS, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Mobile Apps, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. One97 Communications Ltd.
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. clearXchange
3. CurrencyFair Ltd.
4. PayPal Pte Ltd
5. TransferWise Ltd.
6. Circle Internet Financial Limited
7. SnapCash
8. Dwolla Inc.
9. Square Inc.
10. Tencent
11. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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