P2P Payment Market Report 2026

P2P Payment Market Overview

• P2P Payment market size has reached to $3.75 billion in 2025 • Expected to grow to $9.09 billion in 2030 at a compound annual growth rate (CAGR) of 19.4% • Growth Driver: Escalating Cyber Threats Fuel Growth In The P2P Payment Market • Market Trend: Innovative Security Layers in P2P Payments Protecting Users with Advanced Technology • Asia-Pacific was the largest region in 2025 and North America is the fastest growing region.

What Is Covered Under P2P Payment Market?

Peer-to-peer (P2P) payment is a mechanism through which users can transfer funds from their bank account to another individual's account via a digital medium, i.e., the internet or a mobile device. Payments are categorized based on transfer, i.e., to an account within the bank or outside the bank. The P2P payment is used to send and receive money from mobile devices through a linked bank account or card. The main types of transaction modes in P2P payment are mobile web payments, near-field communication, and SMS/direct carrier billing, and others. Mobile web payments refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile phone to pay for a wide range of services and digital or hard goods. The different types of payment include remote, proximity payments that are used in several applications such as media and entertainment, energy and utilities, healthcare, retail, hospitality, transportation, and others. The various end users include personal and business.

What Is The P2P Payment Market Growth Forecast?

The p2p payment market size is expected to see rapid growth in the next few years. It will grow to $9.09 billion in 2030 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to increasing cashless transactions, expansion of fintech ecosystems, adoption of biometric security, growth of cross-border remittances, regulatory support for digital payments. Major trends in the forecast period include mobile-first peer-to-peer payment platforms, real-time cross-border p2p transfers, biometric authentication for payments, integration with digital wallets, ai-based fraud detection systems.

Global P2P Payment Market Segmentation

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 Subsegments: 1) By Mobile Web Payments: In-app Payments, Mobile Browser Payments 2) By Near Field Communication (NFC): Contactless Card Payments, Mobile Wallet Payments 3) By SMS Or Direct Carrier Billing: SMS Payments, Carrier Billing Payments 4) By Other Transaction Modes: QR Code Payments, Bank Transfers

What Is The Driver Of The P2P Payment Market?

The rising cyber threats are expected to propel the growth of the P2P payment market going forward. Cyber threats refer to potential dangers or risks posed by malicious activities to damage data through a wide range of activities and tactics that target computer systems, networks, and digital information. P2P payment platforms involve the exchange of sensitive financial information between users which are prone to cyber threats in which cybercriminals exploit this information for identity theft, financial fraud, or other malicious activities. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the cybercrime costs worldwide are projected to exceed $10.5 trillion annually by 2025, marking a 10% year-over-year increase. Therefore, rising cyber threats are driving the growth of the P2P payment industry.

Key Players In The Global P2P Payment Market

Major companies operating in the p2p payment market are Apple Inc.; Alibaba Group; PayPal Holdings Inc.; Square Inc.; Block Inc.; SoFi Technologies Inc.; Paysafe Group plc; Circle Internet Financial Limited; Remitly Global Inc.; Payoneer Inc.; ClearXchange LLC; Netspend Corporation; Stripe Inc.; Fiserv Inc.; FIS Global Inc.; Green Dot Corporation; Upstart Holdings Inc.; Klarna AB; Affirm Holdings Inc.; Lightspeed POS Inc.; Afterpay Touch Group Ltd.; Jack Henry & Associates Inc.; Toast Inc.

Global P2P Payment Market Trends and Insights

Major companies operating in the P2P payment market are focused on introducing technological advancements such as the P2P security layer to enhance security through advanced technologies like encryption, biometric authentication, and fraud detection algorithms. These improvements aim to build user trust and ensure safe transactions. A P2P security layer comprises protocols and mechanisms that protect data and communications in peer-to-peer networks. It focuses on authentication, encryption, data integrity, and access control to safeguard users from security threats. For instance, in August 2024, Bitget, a China-based cryptocurrency exchange company, launched a shield that provides financial protection against fraud, enhancing user confidence in peer-to-peer trading. Its purpose is to create a safer trading environment while promoting best practices for security among users.

What Are Latest Mergers And Acquisitions In The P2P Payment Market?

In April 2023, Uni Cards, an India-based fintech company, acquired OHMY Technologies for an undisclosed amount. With this acquisition, Uni Cards aims to expand and diversify in the fintech industry, enhance its portfolio of financial services, and leverage existing infrastructure, technology, and customer base to accelerate its growth in the lending sector. OHMY Technologies is an India-based peer-to-peer lending platform.

Regional Insights

Asia-Pacific was the largest region in the P2P payment market in 2025. North America was the second largest region of the P2P payment market. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the P2P Payment Market?

The P2P payment market consists of revenues earned by entities by providing P2P payments to pay for services and split bills. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the P2P Payment Market Report 2026?

The p2p payment market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the p2p payment industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.