The P2P Payment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The market size of the P2P payment industry has seen substantial growth in the past few years. It is forecasted to increase from $3.32 billion in 2024 to $3.78 billion in 2025, with a 13.9% compound annual growth rate.
The global P2P payment market is forecasted to reach $7.77 billion by 2029, with a compound annual growth rate (CAGR) of 19.7%.
Download Your Free Sample of the 2025 P2P Payment Market Report and Uncover Key Trends Now!The key drivers in the p2p payment market are:
• Expansion of contactless and QR code payments
• Integration of P2P payment systems with messaging apps
• Implementation of open banking initiatives
• Increased use and integration of payment services with social media platforms
The P2P payment market covered in this report is segmented –
1) By Transaction Mode: Mobile Web Payments, Near Field Communication, SMS or Direct Carrier Billing, Other Transaction Modes
2) By Payment Type: Remote, Proximity
3) By Application: Media and Entertainment, Energy and Utilities, Healthcare, Retail, Hospitality and Transportation, Other Applications
4) By End User: Personal, Business
The key trends in the p2p payment market are:
• Digital transformation is a significant emerging trend.
• Integration of cryptocurrency is foreseeably shaping the future of the market.
• There is an increasing trend towards the use of request-for-payment services.
• Cross-border P2P payments and integration with social media platforms are increasingly influencing the market.
Major companies in the p2p payment market are:
• Apple Inc.
• Alibaba Group
• PayPal Holdings Inc.
• Fiserv Inc.
• Square Inc.
• Block Inc.
• Stripe Inc.
• Global Payments Inc.
• FIS Global Inc.
• Klarna AB
• Shopify Inc.
• Worldpay Inc.
• Nexeo Payments Corp
• Toast Inc.
• Jack Henry & Associates Inc.
• SoFi Technologies Inc.
• Paysafe Group plc
• Adyen N.V.
• Green Dot Corporation
• Affirm Holdings Inc.
• Circle Internet Financial Limited
• Lightspeed POS Inc.
• Afterpay Touch Group Ltd.
• Remitly Global Inc.
• Payoneer Inc.
• Flywire Corporation
• Upstart Holdings Inc.
• ClearXchange LLC
• Netspend Corporation
Asia-Pacific was the largest region in the P2P payment market in 2024