P2P Money Transfers

in-scope

  • Online cross-border payments and remittance sending
  • Money transfers processed by online-pure-player (e.g. TransferWise)
  • Transactions value equals money transfers out of the selected region

out-of-scope

  • "Social payments" - payments via social networks
  • Domestic peer-to-peer payments and bill splitting services
  • Cross-border payments via traditional service providers (banks, post offices & Western Union, MoneyGram)
Market definition

Highlights

worldwide

  • Transaction Value in the "P2P Money Transfers" segment amounts to US$75,312m in 2017.
  • Transaction Value is expected to show an annual growth rate (CAGR 2017-2021) of 22.4 % resulting in the total amount of US$168,875m in 2021.
  • In the "P2P Money Transfers" segment, the number of users is expected to amount to 184.6m by 2021.
  • The average transaction value per user in the "P2P Money Transfers" segment amounts to US$419.21 in 2017.
  • From a global comparison perspective it is shown that the highest transaction value is reached in the United States (US$23,056m in 2017).

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