The peer-to-peer payments industry is poised to explode over the next several years as consumers and businesses discover the benefits of employing new technologies for the transfer of money.
The global volume of peer-to-peer (P2P) payment transactions is more than $1 trillion. Although mobile transactions currently represent a small portion of total transactions, by 2018 it’s expected that peer-to-peer mobile transactions may reach $86 billion in the U.S. alone – creating important opportunities for technology firms on the leading edge of the P2P movement.
But despite the industry’s growth potential, cashing in on the P2P trend isn’t a slam dunk. To stay ahead of the curve, peer-to-peer payments technology providers need to implement robust marketing strategies to establish credibility with buyers, influencers and possibly even acquirers.
If you’re creating a marketing strategy for your peer-to-peer payments technology firm, you should know that the strategies and tactics that worked for competitors may not deliver the same results for your organization. Why? Because you might have different priorities than your competitors and it’s critical to align your marketing strategy with the goals you have defined for your company.
Likewise, you’ll need to align your marketing strategy with your brand’s target audiences and customer base. By carefully defining the roles, priorities and concerns of the people you want to reach, you can tailor your marketing strategy to connect with the tech sector audiences that can help your brand take advantage of the growth that’s happening in the P2P payments marketplace.
The push for measurable P2P marketing outcomes begins with a comprehensive marketing strategy – a roadmap that includes a handful of must-have marketing elements.
At Walker Sands, we understand the challenges peer-to-peer payments technology firms are up against. As a leader in marketing and PR for B2B technology brands, we have the experience and expertise to create and execute a world-class marketing strategy for your brand.
If you’re ready to get serious about marketing your business in the P2P payments space, contact us today and let’s start the conversation.