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The Peer-to-Peer (P2P) Payment market is a subset of the Mobile and Contactless Payments industry. It is a digital payment system that allows individuals to transfer money to each other without the need for a third-party financial institution. P2P payments are typically made through mobile applications, allowing users to quickly and securely send money to friends, family, and businesses. The technology also enables users to make payments with their contactless cards, allowing for a more convenient and secure payment experience.
P2P payments are becoming increasingly popular as they offer a more secure and convenient way to transfer money. They also provide users with more control over their finances, as they can easily track their spending and manage their budget.
Some of the companies in the P2P Payment market include Venmo, PayPal, Zelle, Apple Pay, Google Pay, and Square Cash. Show Less Read more