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Cash rules P2P payments — but for how long?

A new study by Aite Group says that electronic P2P is poised to realize its promise in the US.

November 9, 2015

Though person-to-person transactions occur daily — the majority in cash — electronic P2P is beginning to realize its promise, according to a new report by Aite Group.

"Sizing Person-to-Person Payments in the United States" says that new payment methods are allowing consumers to exchange money digitally, and various industry stakeholders, bank and nonbank alike, are scrambling for a share of the action.

Here's how it breaks down today:

The report is based on a Q2 2015 Aite Group survey of 1,724 U.S. consumers; research estimates the transaction and dollar volume of P2P payments in the United States across payment method, use case, and generation.