Market Highlights:
Person to person transaction (P2P) also known as peer to peer transaction refers to electronic money transfer technology which allows customer to transfer funds from their bank account or credit card to another individual account. P2P payment is considered to be more convenient for both sender and the receiver. Through the P2P payment application, each individual account is linked to one or more of the user’s banks account. P2P payments offers consumer more convince, accessibility and have made the transferring more easier, faster and less expensive. With the mobile phone readily available, user can send and receive pavements at any time in any place. These transaction are easy to set up and maintain as each computer manages itself. Every user is the administrator of his machine and can control their shared sources. Moreover, the overall cost of building and maintaining this type of network is comparatively less. The market study is being classified by Type (Airtime transfer & Top-Ups, Money transfers & Payments, Merchandise & Coupons and Travel & Ticketing), by Application (Retail Payments, Travels & Hospitality Payments, Transportation & Logistics Payments, Energy & Utilities Payments and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the P2P Payments are PayPal Holding Inc. (United States), Tencent (China), Square Inc. (United States), Circle Internet Financial Inc (United States), Early Warning Services, LLC (United States), Dwolla Inc. (United States), TransferWise Ltd (United Kingdom), CurrencyFair LTD (Australia), Razorpay (India), Google Inc. (United States), PopMoney (United States) and Facebook Inc. (United States).

The Transaction Mode, such as NFC/Smartcard, is boosting the P2P Payments market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Location, such as Remote payments, is boosting the P2P Payments market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

Major Market Development Highlights
In July 2018, PayPal Holdings, Inc. acquired TIO Networks Corp. TOI Network, a leading multi-channel bill payment processor which offers convenient solutions for expedited bill payments services to financially undeserved consumers. PayPal and TIO are well-positioned to make paying a bill as fast and simple as making a payment with PayPal. Through this acquisition, PayPal will expand its global scale of operations, complement its product portfolio, and accelerate its entry into the bill pay market
In December 2018, Kik a freeware instant messaging mobile app from the Canadian company announced Launch of Peer-to-Peer Transactions Feature.

Key Questions Answered in the Report
What will the P2P Payments Market size and the growth rate be in Future?
What are the key factors driving the P2P Payments Market?
What are the key market trends and macro-economic impacting the growth of the P2P Payments Market?
What are the challenges to market growth?
Who are the key vendors in the P2P Payments Market?
What are the market opportunities and threats faced by the vendors in the P2P Payments Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the P2P Payments Market?

Refer complete Table of Content of P2P Payments Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global P2P Payments market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in P2P Payments market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes P2P Payments Manufacturers, P2P Payments Distributors/Traders/Wholesalers, P2P Payments Subcomponent Manufacturers, Industry Association and Downstream Vendors.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.