The global mobile PeeTPeer (P2P) money transfer market is expected to grow at a CAGR of around 16.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing number of smartphone users and the rising demand for PeeTPeer (P2P) money transfers in emerging economies.
Remote payment is expected to dominate the global mobile PeeTPeer (P2P) money transfer market during the forecast period, with a share of over 50%. Remote payments are used by individuals who are not physically present at a location and need to make payments or receive funds from another person or entity. Proximity payment is expected to grow at a CAGR of around 17% during the forecast period, owing to its convenience and ease-of-use features. Mobile PeeTPeer (P2P) money transfers are also gaining traction due their low transaction fees and instant fund transfers across borders.
- The increasing number of smartphone users and the growing popularity of social media are driving the growth of this market.
- The increasing number of migrant workers, who send money back home to their families, is also driving this market's growth.
- Mobile P2P money transfer services are available in many countries and regions such as Africa, Asia Pacific, Europe, Latin America and North America which will drive its growth in these regions during the forecast period.
- Mobile P2P money transfer services have been launched by various companies such as Western Union Co., MoneyGram International Inc, TransferWise Ltd, WorldRemit Ltd, Azimo Ltd, Xoom Corporation.
Industry Growth Insights published a new data on “Mobile Peer-To-Peer (P2P) Money Transfer Market”. The research report is titled “Mobile Peer-To-Peer (P2P) Money Transfer Market research by Types (Remote Payment, Proximity Payment, Mobile Peer-To-Peer (P2P) Money Transfe), By Applications (Retail, Travel & Hospitality, Transportation & Logistics, Others), By Players/Companies Paypal Inc., Tencent, Square Inc., Circle Internet Financial Limited, ClearXchange, SnapCash, Dwolla Inc., One97 Communication Ltd., TranferWise Ltd., CurrencyFair Ltd., Alipay, Google Inc., Apple Inc., Samsung Pay, Mobile Peer-To-Peer (P2P) Money Transfe”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mobile Peer-To-Peer (P2P) Money Transfer Market Research Report
By Type
Remote Payment, Proximity Payment, Mobile Peer-To-Peer (P2P) Money Transfe
By Application
Retail, Travel & Hospitality, Transportation & Logistics, Others
By Companies
Paypal Inc., Tencent, Square Inc., Circle Internet Financial Limited, ClearXchange, SnapCash, Dwolla Inc., One97 Communication Ltd., TranferWise Ltd., CurrencyFair Ltd., Alipay, Google Inc., Apple Inc., Samsung Pay, Mobile Peer-To-Peer (P2P) Money Transfe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
 Money Transfer Industry Outlook.svg)
Global Mobile Peer-To-Peer (P2P) Money Transfer Market Report Segments:
The global Mobile Peer-To-Peer (P2P) Money Transfer market is segmented on the basis of:
Types
Remote Payment, Proximity Payment, Mobile Peer-To-Peer (P2P) Money Transfe
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, Travel & Hospitality, Transportation & Logistics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Paypal Inc.
- Tencent
- Square Inc.
- Circle Internet Financial Limited
- ClearXchange
- SnapCash
- Dwolla Inc.
- One97 Communication Ltd.
- TranferWise Ltd.
- CurrencyFair Ltd.
- Alipay
- Google Inc.
- Apple Inc.
- Samsung Pay
- Mobile Peer-To-Peer (P2P) Money Transfe
 Money Transfer Market Overview.svg)
Highlights of The Mobile Peer-To-Peer (P2P) Money Transfer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Remote Payment
- Proximity Payment
- Mobile Peer-To-Peer (P2P) Money Transfe
- By Application:
- Retail
- Travel & Hospitality
- Transportation & Logistics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mobile Peer-To-Peer (P2P) Money Transfer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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 Money Transfer Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mobile peer-to-peer (P2P) money transfer is a process where people with mobile phones can send and receive money without having to go through a financial institution. This service allows people to send and receive funds from their friends and family without having to pay any fees.
Some of the major players in the mobile peer-to-peer (p2p) money transfer market are Paypal Inc., Tencent, Square Inc., Circle Internet Financial Limited, ClearXchange, SnapCash, Dwolla Inc., One97 Communication Ltd., TranferWise Ltd., CurrencyFair Ltd., Alipay, Google Inc., Apple Inc., Samsung Pay, Mobile Peer-To-Peer (P2P) Money Transfe.
The mobile peer-to-peer (p2p) money transfer market is expected to register a CAGR of 16.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mobile Peer-To-Peer (P2P) Money Transfer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mobile Peer-To-Peer (P2P) Money Transfer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mobile Peer-To-Peer (P2P) Money Transfer Market - Supply Chain
4.5. Global Mobile Peer-To-Peer (P2P) Money Transfer Market Forecast
4.5.1. Mobile Peer-To-Peer (P2P) Money Transfer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mobile Peer-To-Peer (P2P) Money Transfer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mobile Peer-To-Peer (P2P) Money Transfer Market Absolute $ Opportunity
5. Global Mobile Peer-To-Peer (P2P) Money Transfer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Type
5.3.1. Remote Payment
5.3.2. Proximity Payment
5.3.3. Mobile Peer-To-Peer (P2P) Money Transfe
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mobile Peer-To-Peer (P2P) Money Transfer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Application
6.3.1. Retail
6.3.2. Travel & Hospitality
6.3.3. Transportation & Logistics
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mobile Peer-To-Peer (P2P) Money Transfer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mobile Peer-To-Peer (P2P) Money Transfer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mobile Peer-To-Peer (P2P) Money Transfer Demand Share Forecast, 2019-2026
9. North America Mobile Peer-To-Peer (P2P) Money Transfer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Application
9.4.1. Retail
9.4.2. Travel & Hospitality
9.4.3. Transportation & Logistics
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Type
9.7.1. Remote Payment
9.7.2. Proximity Payment
9.7.3. Mobile Peer-To-Peer (P2P) Money Transfe
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mobile Peer-To-Peer (P2P) Money Transfer Demand Share Forecast, 2019-2026
10. Latin America Mobile Peer-To-Peer (P2P) Money Transfer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Application
10.4.1. Retail
10.4.2. Travel & Hospitality
10.4.3. Transportation & Logistics
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Type
10.7.1. Remote Payment
10.7.2. Proximity Payment
10.7.3. Mobile Peer-To-Peer (P2P) Money Transfe
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mobile Peer-To-Peer (P2P) Money Transfer Demand Share Forecast, 2019-2026
11. Europe Mobile Peer-To-Peer (P2P) Money Transfer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Application
11.4.1. Retail
11.4.2. Travel & Hospitality
11.4.3. Transportation & Logistics
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast b Type
11.7.1. Remote Payment
11.7.2. Proximity Payment
11.7.3. Mobile Peer-To-Peer (P2P) Money Transfe
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mobile Peer-To-Peer (P2P) Money Transfer Demand Share, 2019-2026
12. Asia Pacific Mobile Peer-To-Peer (P2P) Money Transfer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Application
12.4.1. Retail
12.4.2. Travel & Hospitality
12.4.3. Transportation & Logistics
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Type
12.7.1. Remote Payment
12.7.2. Proximity Payment
12.7.3. Mobile Peer-To-Peer (P2P) Money Transfe
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mobile Peer-To-Peer (P2P) Money Transfer Demand Share, 2019-2026
13. Middle East & Africa Mobile Peer-To-Peer (P2P) Money Transfer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Application
13.4.1. Retail
13.4.2. Travel & Hospitality
13.4.3. Transportation & Logistics
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mobile Peer-To-Peer (P2P) Money Transfer Market Size and Volume Forecast by Type
13.7.1. Remote Payment
13.7.2. Proximity Payment
13.7.3. Mobile Peer-To-Peer (P2P) Money Transfe
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mobile Peer-To-Peer (P2P) Money Transfer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mobile Peer-To-Peer (P2P) Money Transfer Market: Market Share Analysis
14.2. Mobile Peer-To-Peer (P2P) Money Transfer Distributors and Customers
14.3. Mobile Peer-To-Peer (P2P) Money Transfer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Paypal Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tencent
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Square Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Circle Internet Financial Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ClearXchange
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SnapCash
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dwolla Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. One97 Communication Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TranferWise Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CurrencyFair Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Alipay
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Google Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Apple Inc.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Samsung Pay
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Mobile Peer-To-Peer (P2P) Money Transfe
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
