Person-to-Person Payments in the U.S.: The Case for Real Time

Real-time mobile P2P payments are helping digital payments go from millennials to mainstream, finds Aite Group’s latest report.

Boston, February 6, 2019 — Mobile person-to-person payments have become an increasingly important battleground for financial institutions, and tech giants are using mobile P2P payments to drive engagement with consumers and monetize other aspects of their businesses to drive revenue. Real-time payments, meanwhile, solve myriad problems for consumers and businesses alike, and they are helping to drive the adoption of mobile P2P payments in the U.S. Aite Group’s newest report, Person-to-Person Payments in the U.S.: The Case for Real Time, examines U.S. consumer awareness of and demand for real-time P2P payments.  

“The key to driving long term adoption of mobile P2P payment capabilities in the U.S is making digital payments work like cash by leveraging real time payments capabilities,” explains Talie Baker, senior analyst at Aite Group.

This new Impact Note explores U.S. consumer demand for real-time P2P payments. The report is based on two quantitative online studies: a Q4 2017 survey commissioned by Visa Inc. of 2,078 U.S. consumers age 18 or older who received funds disbursements from October 2016 to September 2017 and a Q2 2018 Aite Group study of 2,538 U.S. consumers age 18 or older who received funds disbursements from June 2017 to May 2018.

To request a press copy of this report or to speak with Talie Baker about this topic, please contact us at [email protected].

About Aite Group:
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.

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