P2P Payment Market Report Scope & Overview:

The P2P Payment Market was valued at USD 103.12 billion in 2022 and is predicted to increase at a CAGR of 15.6% from 2023 to 2030, reaching USD 328.87 billion.

P2P payment refers to the transfer of funds from one person's bank account to another. Furthermore, a P2P transaction is begun and completed by two persons transferring funds with banks via the internet. Furthermore, P2P payment solutions enable users to request a certain amount of money to a specific person among their connections. Furthermore, due to increased smartphone use and m-commerce acceptance, the bulk of P2P end users are millennials.

P2P Payment Market Revenue Analysis

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Increased consumer acceptance of online banking, mobile banking, and e-commerce, as well as increased smartphone penetration among the younger generation, are driving the P2P payment business forward. Furthermore, the rise of the m-commerce business in emerging nations has a beneficial influence on market growth. However, market development is projected to be hampered by reasons such as an increase in data breaches and security difficulties in P2P payments. On the other hand, rising demand for quick and painless transaction services, as well as increased use of NFC, RFID, and host card emulation technologies in P2P payments, are likely to provide lucrative potential for market expansion throughout the projection period.



  • Low operating cost

  • More transparency


  • There are no international standards for cross-border payments.

  • Service providers are at danger since they give loan guarantees without any collateral, putting them at risk of losing money.


  • Globally, the unbanked population is rapidly declining.

  • A growing number of individuals have access to financial services.


  • Evolving cyber-attacks on electronic payments

  • Developing countries' inadequate infrastructure


Many banks and financial institutions are giving their consumers with new digital tools and approaches, like mobile payment and peer-to-peer payments, during the COVID-19 epidemic, when companies are dealing with operational issues. Furthermore, the global proliferation of smartphones gives development potential for the P2P payment business.

Furthermore, numerous banks and fintech companies are using peer-to-peer payments to reduce losses incurred as a result of the epidemic and increase market share. Furthermore, the rising number of COVID-19 patients throughout the world has prompted many people to use P2P payment methods to send money to family members in a medical emergency, boosting the P2P payment market's development.


Market, By Transaction Mode:

The greatest share is made up of mobile online payments. This rise can be attributed to rising worldwide disposable income as well as the advent of low-cost smartphone manufacturers in the Asia area. Furthermore, the broad usage of smartphones has come from the increased use of online services. The kind of purchase section includes airtime transfer and top-ups, merchandise and coupons, and travel and ticketing.

Market, By Application:

The greatest segment is retail payments. It's made up of an online marketplace. Online marketplaces are a type of network that connects individual merchants with potential purchasers. Seller advertising, buyer and seller ratings based on prior transactions, payment processing, and escrow services are all things that online marketplace may provide. Payments for travel and hospitality, transportation and logistics, energy and utilities, and other services.


By Transaction Mode:

By Payment Type:

  • Remote

  • Proximity

By End User:

  • Personal

    • 18 to 30 Year

    • 31 to 54 Year

    • 55 to 73 Year

  • Business

By Application:

  • Media & Entertainment

  • Energy & Utilities

  • Healthcare

  • Retail

  • Hospitality & Transportation

  • Others

P2P Payment Market Segmentation Analysis

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In 2021, Asia Pacific owned the greatest proportion of the global P2P payment market. Asia Pacific will continue to lead the world in peer-to-peer payments. China and Indonesia lead Asia Pacific. The availability of innovative FinTech facilities in China is the most crucial driving element for the prospective P2P lending business. In addition, the China P2P lending business has attracted investors due to a lack of alternative investment opportunities and better returns from P2P lending.


  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players operating in the P2P payment industry are, Apple Inc., Circle International Financial Limited, Google LLC, One97 Communications Limited (Paytm), PayPal Holdings Inc., Square, Inc., WePay Inc., Wise Payments Limited, Zelle & Other Players

Apple Inc - Company Financial Analysis

Company Landscape Analysis

P2P Payment Market Report Scope:
Report Attributes Details
Market Size in 2022  USD 103.12 Bn
Market Size by 2030  USD 328.87 Bn
CAGR   CAGR of 15.6% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Transaction Mode (Mobile Web Payments, Near Field Communication, SMS/Direct Carrier Billing and Others)
• by Payment Type (Remote and Proximity)
• by End User (Personal and Business)
• by Application (Media & Entertainment, Energy & Utilities, Healthcare, Retail and Hospitality & Transportation)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles, Apple Inc., Circle International Financial Limited, Google LLC, One97 Communications Limited (Paytm), PayPal Holdings Inc., Square, Inc., WePay Inc., Wise Payments Limited and Zelle
Key Drivers • Low operating cost
• More transparency
Market Opportunities • Globally, the unbanked population is rapidly declining.
• A growing number of individuals have access to financial services.

Frequently Asked Questions

Ans: The growth rate of the P2P Payment Market is 15.6% over the forecast period 2023-2030.

Ans: The market size of the P2P Payment Market is expected to reach USD 328.87 billion by 2030.

Ans: The Covid-19 pandemic impacted the P2P Payment Market significantly. The detailed analysis is included in the final report.

Ans: The key players of the P2P Payment Market are, Apple Inc., Circle International Financial Limited, Google LLC, One97 Communications Limited (Paytm), PayPal Holdings Inc., Square, Inc., WePay Inc., Wise Payments Limited, and Zelle.

Ans: Asia-Pacific region dominated the P2P Payment Market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis


6. Porter’s 5 forces model


7. PEST Analysis

8. Global P2P Payment Market Segmentation, by Transaction Mode

8.1 Mobile Web Payments

8.2 Near Field Communication

8.3 SMS/Direct Carrier Billing

8.4 Others    

9. Global P2P Payment Market, by Payment Type

9.1 Remote

9.2 Proximity

10. Global P2P Payment Market, by End User

10.1 Personal

10.1.1 18 to 30 Year

10.1.2 31 to 54 Year

10.1.3 55 to 73 Year

10.2 Business

11. Global P2P Payment Market, by Application

11.1 Media & Entertainment

11.2 Energy & Utilities

1.3 Healthcare

11.4 Retail

11.5 Hospitality & Transportation

11.6 Others

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 the USA

12.2.2  Canada

12.2.3  Mexico

12.3 Europe

12.3.1  Germany

12.3.2  the UK

12.3.3  France

12.3.4  Italy

12.3.5  Spain

12.3.6  The Netherlands

12.3.7  Rest of Europe

12.4 Asia-Pacific

12.4.1  Japan

12.4.2  South Korea

12.4.3  China

12.4.4  India

12.4.5  Australia

12.4.6  Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1  Israel

12.5.2  UAE

12.5.3  South Africa

12.5.4  Rest

12.6 Latin America

12.6.1  Brazil

12.6.2  Argentina

12.6.3  Rest of Latin America

13. Company Profiles   


13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Apple Inc.

13.3 Circle International Financial Limited

13.4 Google LLC

13.5 One97 Communications Limited (Paytm)

13.6 PayPal Holdings Inc

13.7 Square, Inc.

13.8 WePay Inc

13.9 Wise Payments Limited

13.10 Zelle

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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