Brazil P2P (Peer to Peer) Payments Market to Exhibit a Remarkable CAGR of 15.1% by 2026, Size, Share, Trends, Key Driver

Brazil P2P (Peer to Peer) Payments Market Overview and Insights:

According to MarkNtel Advisors Report, the Brazil P2P (Peer to Peer) Payments Market projected to grow at a CAGR of around 15.1% during the forecast period, i.e., 2021-26.

Brazil P2P (Peer to Peer) Payments Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Time Period Captured in the Report:

Historical Years: 2016-19

Base Years: 2020

Forecast Years: 2021-26

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Possible Restraint: Evolving Cyber Attacks High Risk to Customer Privacy Security

Digital payments face a significant roadblock due to cyberattacks. Historically, these attacks have posed the greatest threat to the electronics payment industry. The surging adoption of digital payment technologies has led to a significant surge in cybersecurity risks. Embracing payment technologies integrating them into businesses has also increased privacy risks, theft concerns, and regulatory compliance issues. Despite their security claims, none of the P2P payment platforms are entirely impenetrable. For instance, a person holding a bank account, who links it to any payment mode online, is putting his data at risk and may want to unlink it later. Consequently, these factors might hamper the growth of the Brazil P2P Market during the forecast period.

Who are the Key Players Operating in the Brazil P2P (Peer to Peer) Payments Industry?

The top companies of the Brazil P2P (Peer to Peer) Payments market ruling the industry are:

Boleto Bancario
Boleto Flash
PragBrasil PIX
PEC Flash
Samsung Pay
Google Pay
WhatsApp Pay

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What is Included in Brazil P2P (Peer to Peer) Payments Market Segmentation?

The report has segmented the market into the following categories:

-By Location

Remote Payment
Proximity Payment

Here, Remote Payment acquired a considerable share in the Brazil P2P Payments Market, primarily due to advancements in instant payment platforms various government initiatives for promoting contactless payments and encouraging consumers to opt for easier safer payment modes. Furthermore, the launch of P2P payments, the increasing number of instant transactions by consumers, and the extensive presence of leading market players are other crucial aspects projected to contribute to the overall market growth in the coming years.

-By Transaction Mode

Short Message Service (SMS)
Mobile Apps
Smartcard/NFC (Near field communication)

-By Type of Purchase

Airtime Transfer Top-Ups
Money Transfers Payments
Merchandise Coupons
Travel Ticketing

-By Application

Retail Payments
Travels and Hospitality Payments
Transportation and Logistics Payments
Others

Geographical Analysis:

-By Region

North
Northeast
South
Southeast
Central west

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