P2P payment transactions to exceed $120 billion this year — eMarketer — “The transaction value of US mobile P2P payments will grow 55.0% this year to $120.38 billion. This figure is on pace to double by 2021. In 2017, 63.5 million US adults will use a P2P payment app at least once a month, equating to nearly one-third (32.6%) of smartphone users.”
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While much of the volume will be on PayPal and Venmo, banks and telecom carriers are now offering P2P services directly to their customers. The payment space is just one of those in which mobile computers are improving the convenience of our lives.