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More than half of P2P fraud victims lose money: AARP

Payments Dive

“When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.

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P2P market to reach $6.2B by 2028

Bank Automation

P2P payment market size is expected to reach $6.4 consumers have P2P accounts, according to a […] The peer-to-peer payments market is growing as consumer demand ticks up and new competitors enter the space. billion by 2028, according to a January report by market research group The Business Research Co.

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Procure-to-Pay Process & how to optimize P2P Cycle

Nanonets

Procure-to-Pay (P2P) is the complete process carried out by a business when purchasing goods or services. An example of P2P would be a business needing to purchase office chairs. This entire process, from identifying the need to making the payment, is the P2P process. Let us now go through the steps of the P2P process itself.

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Jack Henry debuts P2P payments tool

Payments Dive

The company is bringing the peer-to-peer payments tool to community and regional bank clients, after big banks made P2P popular through Zelle.

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Indonesian P2P Lender Modal Rakyat Being Sued Over Loan Default Allegations

Fintech News

According to a DealStreetAsia report , the P2P lender has been accused of defaulting on loans, putting the spotlight on its business practices amid the sector’s broader issues. Indonesian peer-to-peer lending platform Modal Rakyat is facing a lawsuit filed in the South Jakarta district court on 20 February.

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BofA sees Zelle P2P cash gifts rise during COVID-19

Payments Source

Bank of America has seen a 33% increase in cash gifts flowing through the Zelle P2P app since the start of the pandemic, with total gifting volume reaching $1 billion.

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Mastercard: The Touchless And Caring Economies Are Boosting P2P Adoption

PYMNTS

Consumers seeking out low- to no-touch payments options amid public health concerns have combined with an uptick in charitable donations and tips to boost the comfort with peer-to-peer (P2P) payment platforms, Silvana Hernandez , senior vice president of digital payments at Mastercard , told PYMNTS. Staying Home And An Aversion To Cash.

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