Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in enabling cross-platform money movement,” the company said in a Monday (April 1) news release as it announced the expansion of...
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....
Peer-to-peer (P2P) payments are booming, with transaction volumes rising by 25%. This surge is caused by a growing number of businesses racing into the P2P market, eager to capitalize on global consumer demand for easy and convenient payment options, as detailed in proprietary research created...
Is X getting closer to adding peer-to-peer (P2P) payments to its platform? Elon Musk’s social media company announced plans to launch such an offering earlier this month. Now, X — formerly Twitter — has apparently set up a dedicated payments account. The verified @XPayments account appeared on...
April 24, 2024
Despite outsized growth in Click-and-Mortar™ shopping opportunities in Brazil during the last three years, retailers there still don’t offer 39% of the digital features consumers want. This is just one finding from PYMNTS Intelligence’s “2024 Global Digital Shopping Index: Brazil Edition,” which was commissioned by Visa Acceptance Solutions and drew on insights from 2,200 consumers and […]
December 18, 2023
Account-to-account (A2A) payments do just what the name implies: transfer funds between bank accounts in near real time. These payments have gained traction in recent years — used by 36%...
March 28, 2023
With paper check fraud reportedly doubling in 2022, the need for digital disbursement options has never been more urgent — or more desired by consumers, many of whom in key demographic groups...
December 01, 2022
Since its launch in 2016, Bizum has become an integral part of Spain’s payment ecosystem. But although the mobile payment system boasts over 22 million users, about 47% of Spain’s...
April 02, 2024
Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in enabling cross-platform money movement,” the company said in a Monday (April 1) news release as it announced the expansion of its P2P and business-to-consumer (B2C) payouts offerings. Additionally, Astra, Brightwell, Cross River Bank and Fiserv plan […]
January 21, 2024
Is X getting closer to adding peer-to-peer (P2P) payments to its platform? Elon Musk’s social media company announced plans to launch such an offering earlier this month. Now, X — formerly Twitter...
August 24, 2023
GoFundMe says it has added Venmo as a payment method to speed fundraiser donations. “Sixty-one percent of donors are most likely to hear about causes through word of mouth from their friends and...
April 17, 2023
Consumers’ and businesses’ use of Zelle increased about 30% year over year in the first quarter. The number of transactions completed using the peer-to-peer (P2P) payment service rose 29% to...
