Younger Consumers Drive Surge in Peer-to-Peer Payments App Popularity
P2P payment apps are growing increasingly popular, particularly among consumers ages 18-41, who are utilizing these apps more than ever to manage their spending, for both in-store and online purchases. However, as highlighted in the latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, firms seeking to implement or improve existing P2P apps to meet the rising demand will need to balance the requirement for smooth user experiences with regulatory requirements.
