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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 Online P2P Money Transfers.