The GCC P2P Payment Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the Global GCC P2P Payment Market is projected to witness a compound annual growth rate (CAGR) of around 8.68% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.
Link to Download Report Free Sample – https://www.marknteladvisors.com/query/request-sample/gcc-p2p-payment-market.html
GCC P2P Payment Market Segmentation Analysis: 2024-2030
The GCC P2P Payment Market is segmented into:
By Transaction Mode
- Short Message Service (SMS)- Market Size & Forecast 2019-2030, (USD Million)
- Mobile Apps- Market Size & Forecast 2019-2030, (USD Million)
- Smartcard/NFC (Near field communication)- Market Size & Forecast 2019-2030, (USD Million)
- Others (Bank Transfers, Digital Wallets, etc.)- Market Size & Forecast 2019-2030, (USD Million)
By Location
- Remote Payment- Market Size & Forecast 2019-2030, (USD Million)
- Proximity Payment- Market Size & Forecast 2019-2030, (USD Million)
By End User
- Retail & E-Commerce- Market Size & Forecast 2019-2030, (USD Million)
- Travel & Hospitality- Market Size & Forecast 2019-2030, (USD Million)
- Transportation & Logistics- Market Size & Forecast 2019-2030, (USD Million)
- BFSI- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare- Market Size & Forecast 2019-2030, (USD Million)
- Others (IT & Telecom, Media & Entertainment, etc.)- Market Size & Forecast 2019-2030, (USD Million)
and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.
Browse the Full Report with in-depth analysis: https://www.marknteladvisors.com/research-library/gcc-p2p-payment-market.html
Global GCC P2P Payment Market Opportunity:
Emergence of Blockchain Technology is Gaining Momentum – Blockchain technology is emerging as a trend for GCC countries in the development of financial services. WadzPay, a leading Blockchain digital assets payment present in the MENA region, has been implementing digital asset solutions with specific emphasis in the UAE and Saudi Arabia. According to the Cryptocurrency report, Saudi Arabia leads the world in year-over-year crypto-transaction growth.
In Gulf countries, the growing adoption of blockchain technology in digital payment / P2P has been introduced in the financial market. In 2021, the Saudi Arabian Monetary Authority (SAMA) joined the RippleNet allied banking blockchain network to help domestic banks settle payments and transactions with regional banks to make secure monetary transfers faster & cheaper. These initiatives are promoting the growth of the GCC P2P Payments Market.
Geographical Coverage of the Global GCC P2P Payment Market
- Saudi Arabia
- The UAE
- Qatar
- Kuwait
- Oman
- Bahrain
UAE has captured a significant market share in the Global GCC P2P Payment Market.
Top Leading Key Players of Global GCC P2P Payment Market
- Paypal
- Apple Pay
- Venmo
- Cash App
- Google Pay
- Square Cash
- Zelle
- Noon Pay
- Mamo Pay
- Ziina Pay
- MoneyGram International, Inc.
- Beyon Money
- Others
Have Any Query? Ask Our Analyst @: https://www.marknteladvisors.com/query/talk-to-our-consultant/gcc-p2p-payment-market.html
Common Queries
- What is the current trajectory of cost and profit estimations in the GCC P2P Payment Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the GCC P2P Payment Industry?
- Which technological advancements are anticipated to shape the future of the GCC P2P Payment Market?
- Who are the noteworthy players highlighted in the GCC P2P Payment Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
Who we Are?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, Saudi Arabia, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Contact Information:
Call Us USA Office: +1 628 895 8081
Call Us India Office: +91 120 4278433
Email: sales@marknteladvisors.com
Address Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India