The total volume of account-to-account money transfers reached$938 billion in 2015, and it turns out consumers are morecomfortable with online transfers via desktop or laptop thanmobile transactions.
Those are two of the results revealed in the report “P2PPayments in 2015” from the Pleasanton, Calif.-based JavelinStrategy & Research. The report also described how the marketcontinues to grow and evolve as new technologies, vendors andcapabilities provide consumers with a range of payment options.
Javelin examined the overall P2P market, including the variouschannel segments driving market growth and sizing. The report alsoreviewed the consumer segment power users of P2P and theirpreferred channels, and provided additional perspectives on theA2A, or “me to me,” money transfer market.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
