Digital Media Outlook: value of fintech P2P transactions Spain 2024

This statistic illustrates the transaction value of online peer-to-peer money transfers in Spain in 2016, and provides a forecast thereof until 2024. In 2016, the transaction value amounted to 24 million U.S. dollars and is forecast to reach 125 million U.S. dollars by 2024. An overview of all Digital Markets can be found here.
Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the “Digital Economy”, including various digital goods and services. Alongside revenue forecasts for 50 countries worldwide, Statista offers additional insights into consumer trends and demographic structure of digital consumer markets.

Annual value of transactions carried out in the online peer-to-peer money transfer segments in Spain from 2016 to 2024 (in million dollars)

Characteristic	Value in million USD
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

Release date

2020

More information

Region

Spain

Survey time period

2017

Supplementary notes

* Forecast.
Online Peer-to-Peer (P2P) Money Transfers are defined as money transfers made over the internet between private individuals. Cross-border payments and remittances are the most relevant segments for the FinTech market. Classic providers in this segment are credit institutions (banks), post offices and specialized money transfer services such as Western Union and Moneygram. Whereas traditional models of cross-border monetary transfer such as currency exchange, stationary stores and inter-bank transfers result in comparatively high time and monetary expense for users , "online-pure players” such as Transferwise, WorldRemit and Currency Cloud optimize the use of digital infrastructures to achieve time and cost savings. Remittances often occur on a regular basis and the majority of remittance users are migrants and people with private contacts in other countries. However, a segmentation of the user base of the respective types of providers is not possible based on data that is currently available. Private P2P transactions for micro- and small amounts that are transferred domestically are not included in the definition of P2P Money Transfers.

Further information on methodology can be found here.

Further information on methodology can be found here.Forecast adjusted for expected impact of COVID-19

Open this statistic in...

Spanish

Citation formats