Brazil P2P (Peer to Peer) Payments Market Report 2021-2026: Growth Trends, Demand Insights, and Competitive Landscape

Brazil P2P (Peer to Peer) Payments Market

MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Brazil P2P (Peer to Peer) Payments Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Brazil P2P (Peer to Peer) Payments Market: 2021-2026

The Brazil P2P (Peer to Peer) Payments market is projected to grow at a CAGR of 15.1% during the forecast period, 2021-26.

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Key Driver: Several Government Initiatives for Promoting Contactless Payments

Payments made through digital or contactless mediums essentially contribute to a country’s economic development. It helps boost productivity, increases tax revenue, improves transparency, provides new opportunities for end-users, and expands financial inclusions. Recently Brazil has witnessed numerous initiatives implemented by the government to facilitate digital payments. For instance: “The launch of ‘PIX’ by the Brazil Central Bank to speed up & simplify transactions.”

Furthermore, these initiatives facilitate digitalization & raise awareness about the advantages of using new technologies, such as peer-to-peer (P2P) payments. In the context of the pandemic and to undertake enhanced measures of safe distancing, the Brazilian government has encouraged individuals & businesses to use digital financial services & e-payments and minimize physical visits to premises or outlets.

Brazil P2P (Peer to Peer) Payments Market Segmentation:

The Brazil P2P (Peer to Peer) Payments market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

By Transaction Mode

-Short Message Service (SMS)

-Mobile Apps

-Smartcard/NFC (Near field communication)

  • Smartcard/NFC transactions dominated the P2P (Peer to Peer) Payment Market in Brazil with the largest share, and the same is expected over the forecast years.

By Location

-Remote Payment

-Proximity Payment

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 into the Brazil P2P (Peer to Peer) Payments Market:

  • North
  • Northeast
  • South
  • Southeast
  • Central west

Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/brazil-p2p-payments-market.html                                                           

Competitive Landscape and Brazil P2P (Peer to Peer) Payments Market Share Analysis:

The competitive landscape of the Brazil P2P (Peer to Peer) Payments market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

The report features major players including:

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

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

  • What factors are driving the Brazil P2P (Peer to Peer) Payments Market growth?
  • How is the Brazil P2P (Peer to Peer) Payments Market expected to grow over the next five years?
  • What are the key insights into the current trends in the Brazil P2P (Peer to Peer) Payments Market?
  • What is the current size of the Brazil P2P (Peer to Peer) Payments Market, and how is it projected to change in the future?
  • What is the future outlook for the Brazil P2P (Peer to Peer) Payments Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

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 14.8 diverse industrial verticals.

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