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How the biggest mobile P2P payment players stack up
In 2023, more than $1 trillion will transact via mobile P2P apps
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How the biggest mobile P2P payment players stack up: In 2023, more than $1 trillion will transact via mobile P2P apps
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The mobile peer-to-peer (P2P) space has grown in popularity over the years, thanks in large part to three key players that are propelling immense growth in both the number of users and payment transaction value.
Last year, Venmo, Zelle, and Cash App saw unprecedented growth, boosted by the pandemic. Each of these companies continues to innovate and transform the space, which in turn is not just attracting new users, but also retaining existing ones. To get a better understanding of the mobile P2P space, and how these players are revolutionizing it, we break down what usage looks like, what’s driving growth, and where it’s heading next.