GCC P2P Payment Market Overview: Latest Trends, Industry Size, Share and Growth Projection

“Markntel Advisors – Leading Market Research Company” has recently conducted a comprehensive examination of the GCC P2P Payment Market, encompassing the forecast period from 2024-30. Utilizing data from the historical period of 2019-22, with 2023 serving as the base year, our proficient team of analysts has devoted considerable time to gather and scrutinize the latest market information. The result is a thorough and current report that proves valuable for individuals making data-driven decisions, including business owners and analysts. Whether your objective is to explore new markets, introduce a new product, or maintain a competitive edge, our research report on the GCC P2P Payment Market offers well-researched facts and figures relevant to the industry.

GCC P2P Payment Market Driver

Prospering E-commerce Industry Driving the Rapid Development of Digital Payment in Gulf Countries – The surge in the e-commerce industry in GCC countries like the UAE, Saudi Arabia, Kuwait, Bahrain, etc., is fueling a significant transformation of the consumer experience and prompting the rise of digital payments. Several factors have contributed to the buoyant growth of the e-commerce sector in the region. These include the increasing popularity of social commerce & significant investments in infrastructure, such as efficient fulfillment centers, initiatives by the Dubai Free Zones Council, and strategic partnerships, like the collaboration between Noon.com and eBay.

This further underscores effort to capitalize on the expanding market landscape, setting the stage for a promising future for the e-commerce sector in the UAE and the wider GCC region. These factors led to the increasing demand for online shopping, which fueled a surge in the population of online buyers in the GCC, with the number of online shoppers projected to approach 60%. Further, aiding in thriving the Digital Payment Market across the GCC countries.

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GCC P2P Payment Market Segmentation Analysis:

The GCC P2P Payment Market displays a notable combination of robustness and fragmentation, featuring various segments each further subdivided into various sub-segments. Recognizing the significance of market segmentation is crucial for businesses aiming to tailor their strategies, products, and services to align with the specific needs and demands of their target customers. A thorough analysis of market segments and their associated sub-segments empowers businesses to pinpoint new growth opportunities, predict market trends, and devise impactful marketing and sales strategies.

The GCC P2P Payment Market is segmented as follows:

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)

By Country

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

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Leading GCC P2P Payment Market Player

The report delves into key market players and thoroughly examines their strategic approaches, trends, innovations, and manufacturing infrastructure to project their anticipated market presence over the next five years. The researched data has the capability to differentiate even novice entrants in the long term. Armed with pertinent data and actionable insights, our research report presents a comprehensive landscape of the market, empowering investors and stakeholders to establish a robust position in the GCC P2P Payment market. Highlighted in the research report are major players, including:

• Paypal
• Apple Pay
• Business Description
• Product Portfolio
• Strategic Alliances or Partnerships
• Recent Developments
• Financial Details
• Others
• Venmo
• Cash App
• Google Pay
• Square Cash
• Zelle
• Noon Pay
• Mamo Pay
• Ziina Pay
• MoneyGram International, Inc.
• Beyon Money
•  

accompanied by their respective net worth and valuation in USD.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Key Questions Answered in this GCC P2P Payment Market Analysis Report

• What is the current size of the GCC P2P Payment Market, and what factors contribute to its growth or contraction?
• How does the GCC P2P Payment Market share compare among key players, and what strategies are they employing to gain a competitive advantage?
• What latest trends are emerging in the GCC P2P Payment Market, and how are these trends expected to evolve in the foreseeable future?
• What is the demand outlook for the GCC P2P Payment Market, and how is it influenced by industry-specific factors and broader economic trends?
• What opportunities exist in the GCC P2P Payment Market for investors, and what are the latest investment trends and preferences in this sector?

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