Vantage Market Research |
P2P Payment Market to Reach Valuation of USD 5.2 Trillion by 2028 – Significant Adoption of Consumer Credit Payment Drives the Market
In terms of revenue, the Global P2P Payment Market is expected to reach USD 5.2 Trillion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 19.5% from 2022 to 2028.
P2P Payment Markets involve transferring money from one person's bank account to another. Additionally, a P2P transaction is started and finished by two persons transferring money with banks over the internet. P2P Payment Market growth is boosted by customers' growing acceptance of online banking, mobile banking, and E-Commerce and the younger generations' growing use of smartphones. Additionally, the expansion of the e-commerce sector in emerging nations has a favorable effect on market expansion. But concerns like increased data breaches and security issues with P2P Payment Markets are anticipated to restrain industry expansion.
Key Highlights from Report:
Market Dynamics:
P2P Payment Market platforms seek to increase business growth by reducing the costs of hiring staff, managing branches, and maintaining physical branches to reduce operational costs. Peer-to-peer payment networks provide debtors with an efficient structure to secure payback, which lowers the market risk for investors. Investors can lower various market risks, including interest rates, unemployment rates, and price risk, with the help of a person-to-person payment service, which favors international trade expansion.
The Asia Pacific region is predicted to fundamentally increase during the anticipated period. The market is growing because of an increase in cancer cases and public knowledge of nuclear medicine. Radiopharmaceuticals are drug formulations containing radioactive isotopes used for medicinal and diagnostic purposes. They are small, straightforward chemicals with a radioactive component used to treat cancer and cardiac and neurological diseases. For oncology and cancer treatment, therapeutic radiopharmaceuticals are replacing traditional chemotherapy methods because they are more practical, which creates new opportunities in the radiopharmaceutical market.
The Global P2P Payment Market is Segmented as follows:
A list of the Key Players of the Global P2P Payment Market is:
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The Global P2P Payment Market Scope can be Tabulated as below:
Parameter
Details
Market Size Provided for Years
2016-2028
Base Year
2021
Historic Years
2016-2020
Forecast Years
2022-2028
Segments Covered
Region & Counties Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
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P2P Payment Market to Reach Valuation of USD 5.2 Trillion by 2028 – Significant Adoption of Consumer Credit Payment Drives the Market
15 Sep 2022
Min Read
Historical Data | Base Year
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P2P Payment Market to Reach Valuation of USD 5.2 Trillion by 2028 – Significant Adoption of Consumer Credit Payment Drives the Market
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