Market Research Report
P2P Payments: The Disruptive Potential - New tools and technologies are changing the face of domestic and international payments
|Published by||GlobalData||Product code||353347|
|Published||Content info||31 Pages
|P2P Payments: The Disruptive Potential - New tools and technologies are changing the face of domestic and international payments|
|Published: March 3, 2016||Content info: 31 Pages||
Recent advancements in technology and the increasing consumer reliance on the mobile channel are propelling P2P tools to the forefront of the payments conversation, and new start-ups and established players in other markets are looking to P2P in order to bolster their brands or gain access to new revenue streams. The P2P market is more accurately defined as various sub-markets, with the distinction between domestic and international P2P providers remaining sharp due to the challenges of moving money across borders.
This report examines the global P2P market, considering the traditional tools available to consumers in domestic, social P2P payment interactions as well as international money transfers and remittances. The domestic and remittance markets are considered separately in this brief as there are still large differences between the demands of each market and, as a result, the best strategies to adopt in each. Analyzes the major tools in use in domestic P2P and the reasons why these tools are popular.