Payment Apps Are Quickly Changing How We Transfer Money To Each Other, And Around The World

Advertisement

Reasons For Lack Of Interest

BII

A new generation of apps is introducing millions of consumers to the idea of using their phones as payment tools.

Advertisement

This is especially true in the context of peer-to-peer payment transactions. These include money transfers between friends and family, international remittances, and even fees and wages paid to independent workers. Globally, the market is well over $1 trillion.

In a new report from BI Intelligence, we explain why mobile peer-to-peer (P2P) payment apps offer consumers significant advantages over cash and check transactions. They make transferring money faster, less expensive, and more precise. They also reduce the hassle of going to a money transfer agency, remembering a checkbook, or finding an ATM.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

We also profile 10 of the most exciting P2P payment apps and explain how they may serve as the bridge to wider use of smartphones to complete in-person "walletless transactions," at stores and restaurants.

Access the Full Report By Signing Up For A Free Trial Today >>

Advertisement

Here are some of the key takeaways from the report:

In full, the report:

For full access to all BI Intelligence's charts and data on the Payments Industry, sign up for a free trial.

U.S. P2P Mobile Payments

BII

Advertisement