March 30, 2020

Mobile Peer-To-Peer (P2P) Money Transfer Market Is Driven By Increasing Adoption Of Smartphones And Online Payment Systems

According to a new market research report published by Credence Research “Global Mobile Peer to Peer (P2P) Money Transfer Market (Technology (NFC, Mobile Apps, Text Based); Application (Retail, Transportation & Logistics, Travel & Hospitality); Location (Remote Payments, Proximity Payments)) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027

The mobile peer-to-peer (P2P) money transfer market is set to grow with a CAGR of 17% during the forecast period.

Browse the full report at https://www.credenceresearch.com/report/mobile-p2p-money-transfer-market

Mobile Peer-To-Peer (P2P) Money Transfer Market

Market Insights:

The global mobile peer to peer (P2P) money transfer market is propelled by the growing adoption of the mobile payment solutions across the globe. As the adoption of internet services is increasing and customer are becoming more empowered, the retailers are embracing the mobile apps based payment solutions to deliver services to the customers on their choice of channel. The retailers are leveraging on the mobile payment solutions to provide omni-channel shopping experience to their customer and gain customer loyalty. Moreover, the retailers are collaborating with the mobile payment solutions providers to provide attractive discount and cash back offers to the customer to develop loyal customer base. Additionally, the supportive government initiatives across the globe to promote the adoption of the digital payments is further accelerating the adoption of mobile peer to peer money transfer solutions.

Retail sector is leading the application landscape with majority share in the mobile peer to peer money transfer market. The emergence of the e-commerce is the primary factor augmenting the demand of the mobile payment. As the adoption of the e-commerce platform is increasing, the way consumer pay is also evolving. Customers are looking for one platform for the shopping and payment platform. The retailers are also embracing the mobile payment solutions to provide better shopping and payment experience to the customers. Moreover, the travel 7 hospitality sector is also estimated to grow significantly over the forecast period.

North America is one of the major regions in the mobile peer to peer money transfer market. The increasing adoption of the mobile wallets in the region is driving the growth of the market. As the market dynamics are changing, the financial institutes and other retail companies are leveraging on the mobile payment solution to gain customer loyalty. The flurry of the mobile wallet solution launched by the retailer such a Wallmart, Startbucks, and Dunkin Donuts is further driving the demand for the mobile peer to peer money transfer market.

Some of the prominent vendors in the mobile P2P money transfer market are Square Inc., Circle Internet Financial Limited, Paypal, Tencent, ClearXchange, Dwolla Inc., SnapCash, One97 Communication Ltd., CurrencyFair Ltd., TransferWise Ltd., Alipay, Samsung Pay, Google Pay and Apple Pay.

Access Sample Copy of This Report @ https://www.credenceresearch.com/sample-request/59805

TOC:

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Mobile P2P Money Transfer Market
2.1.1 Global Mobile P2P Money Transfer Market, by Technology, 2018 (US$ Mn)
2.1.2 Global Mobile P2P Money Transfer Market, by Location, 2018 (US$ Mn)
2.1.3 Global Mobile P2P Money Transfer Market, by Application, 2018 (US$ Mn)
2.1.4 Global Mobile P2P Money Transfer Market, by Geography, 2018 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Driver 1
3.2.2 Market Restraint
3.2.2.1 Restraint 1
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key Mobile P2P Money Transfer Vendors, 2018…

Browse the full report at https://www.credenceresearch.com/report/mobile-p2p-money-transfer-market

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