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GCC P2P Payment Market: Envisions Steady Growth with 8.68% CAGR Projection by 2030.

GCC P2P Payment Market: Envisions Steady Growth with 8.68% CAGR Projection by 2030.

In-Depth Analysis of the GCC P2P Payment Market: 2024-2030 Forecasts

Latest Market Study report by MarkNtel Advisors: Market Research Company, “GCC P2P Payment Market By Transaction Mode (Short Message Service (SMS), Mobile Apps, Smartcard/NFC (Near field communication), Others (Bank Transfers, Digital Wallets, etc.)) and other forecast 2024-30”.

This report offers a detailed examination of pivotal aspects including market Size, growth factor, drivers of expansion, encompassed segments, and the pivotal role played by industry leaders.

Insight into the GCC P2P Payment Market

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

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Report Coverage & Detailed Breakdown

  • Forecast Period: 2024 to 2030.
  • Base Year: 2023
  • CAGR: 8.68%

Segmentation Analysis: GCC P2P Payment Market

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)

Smartcard/NFC transactions have emerged as the dominant force in the P2P (Peer-to-peer)/Digital Payment Market in the GCC region, holding the largest share, and this trend is expected to continue in the coming years as well.

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)

View Full Report [Including Description + TOC] – https://www.marknteladvisors.com/research-library/gcc-p2p-payment-market.html

Regional/ Countries Insight:

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

The UAE is projected to lead the GCC P2P Payment Market during the forecast period as the country’s government has launched new regulations that encourage the entry of the payment ecosystem in the country.

GCC P2P Payment Market Players Analysis

Thorough analysis spotlighting key players in the GCC P2P Payment market, elucidating their strategies and competitive positioning.

  • Paypal
  • Apple Pay
  • Venmo
  • Cash App
  • Google Pay
  • Square Cash
  • Zelle
  • Noon Pay
  • Mamo Pay
  • Ziina Pay
  • MoneyGram International, Inc.
  • Beyon Money
  • Others

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Key Stakeholder Benefits

  • Informed Decision-Making: Empowering stakeholders with comprehensive market insights for strategic decision-making.
  • Strategic Planning: Equipping stakeholders with strategic reports to navigate market entry, product development, and competitive strategies.
  • Market Sizing & Forecasting: Providing accurate data for informed investment decisions and resource allocation.
  • Competitive Benchmarking: Facilitating performance assessment against industry peers and capitalizing on strengths.
  • Identifying Investment Opportunities: Enabling stakeholders to spot lucrative investment prospects and maintain a competitive edge.

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About Us

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, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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