MarkNtel Advisors has just published a new research report titled "GCC P2P Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". This study provides an extensive analysis of market drivers, segmentation, growth opportunities, trends, and competitive landscape, aiming to provide insights into current and future market scenarios.

What insights and analysis does the report provide on the GCC P2P Payment market from 2024 to 2030?

The GCC P2P Payment Market is estimated to grow at a CAGR of around 8.68% during the forecast period, i.e., 2024-30.

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GCC P2P Payment Market by Segments

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)

A comprehensive report on the GCC P2P Payment Market is available now- https://www.marknteladvisors.com/research-library/gcc-p2p-payment-market.html

GCC P2P Payment Market Report Segment by Regions

• Saudi Arabia
• The UAE
• Qatar
• Kuwait
• Oman
• Bahrain

What are the current trends in the global GCC P2P Payment Market?

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.

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Who are the key players in the 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

Questions Addressed in this Study

1. What factors are driving the GCC P2P Payment Market growth?
2. How is the GCC P2P Payment Market expected to grow over the next five years?
3. What are the key insights into the current trends in the GCC P2P Payment Market?
4. What is the current size of the GCC P2P Payment Market, and how is it projected to change in the future?
5. What is the future outlook for the GCC P2P Payment Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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