Insight of the Day: Younger Consumers Drive Surge in Peer-to-Peer Payments App Popularity

Peer-to-peer (P2P) payments have grown increasingly popular in the past several years. This is especially true for younger consumers, who prefer a digital-first payment experience. At least half of millennial and Generation Z consumers say they use P2P payments for both in-store and online purchases. Forty-nine percent of organizations say they support P2P payments for their customers.

https://www.pymnts.com/money-mobility/2024/younger-consumers-drive-surge-in-peer-to-peer-payments-app-popularity/